We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Names on Endownment

T4LFR
Posts: 100 Forumite
I took ot an endownment in 1999 with my then partner, we then spilt up about a year later and we went our seperate ways. If I remember rightly we signed something to say that the endownment was solely for me. However my ex partners name remained on the endownment. When I asked about this, I got a response along the lines of, that if I removed her name I would be due some tax (not entirely sure if that is exactly it from what I remember).
So the point of all this is, I am thinking of cashing in the endownment, is my my ex partners name still on the policy going to cause me probs???:eek:
So the point of all this is, I am thinking of cashing in the endownment, is my my ex partners name still on the policy going to cause me probs???:eek:
0
Comments
-
So the point of all this is, I am thinking of cashing in the endownment, is my my ex partners name still on the policy going to cause me probs???
No. As long as the assignment took place as you believe it did then its fine.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.4K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards