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Life Assurance

Yonkers420Yonkers420 Member
in Technical stuff

Hi All,

hopefully quite a basic question re life assurance not in Trust

is probate always required i.e if a husband dies and he had a life assurance policy with the wife as a named beneficiary. would she need probate to claim?

thanks

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Comments

  • OldhandnewhandOldhandnewhand Member

    Simple answer, where in a life assurance policy is a "benficiary" named? It WOULD have been possible for her to have been the grantee of a policy on her husband's life, no need for or applicability of a trust although that does lead to other issues.

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  • OldhandnewhandOldhandnewhand Member

    I should have added that if a policy is extant he could assign it, again with consequences including of course, as with with grantee at outset route, HE would not HAVE a life assurance policy but merely be the life assured.

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