What are War Bonds?
Although rarely heard of in today’s society, War Bonds were first introduced around the time of the First World War and were seen as a means of funding the war for the government at that time.
War Bonds have no maturity date and to date, have still not been repaid by the government, despite assurances that they could be redeemed at some point after 1952.
As a rule of thumb, every £100 which was invested as a War Bond is now worth around £80, although holders will have been collecting a small amount of interest in the meantime.
This means that if they were to be sold and therefore form part of the value of the final estate, the executor would receive 80% of what they were originally worth at the time.