endowment

lynn239

Hi
I seperated with my wife 12 years ago when she gave up her rights to our endowment policy in the seperation aggrement. Recently i decided to surrender it only to find out it is still in joint names thought the lawyer would have sorted this. She is being very difficult about assigning it to me, is there any way i can do it without her help. She says she assigned it to me by going to scottish providents office at the time.The policy is now being handled by phoneix who cant help.
Thanks Brian.

dunstonh

Recently i decided to surrender it only to find out it is still in joint names thought the lawyer would have sorted this.

The solicitor should have sorted it. Joint policies would remain joint policies but assigned to the party that is taking over the policy.

She says she assigned it to me by going to scottish providents office at the time.

Did they even have offices at the time? 12 years ago, there were hardly any home service companies left and offices had gone. Also, you would expect the assignment forms to require both of your signatures and to be handled via the solicitor.

holly_hobby

Duns is correct re policy details - it would remain in jnt names, with benefits wholly assigned to the noted beneficiary.

If this has not been done, either by her error or the providers negligence, why can't she just write to the Phoenix (whom are managing the closed life book), requesting and agreeing that the entire policy proceeds be made payable to you ....

H