Cashing in Endowment - but can't find other named person?

edited 30 November -1 at 1:00AM in Mortgages & Endowments
10 replies 903 views
Vortex1Vortex1 Forumite
59 Posts
edited 30 November -1 at 1:00AM in Mortgages & Endowments
I have a 20 year old endowment I would like to cash in. It was taken out in my early 20's and has an old girlfriend named on it even though she has never paid a penny and the payments have always been DD from my account. The endowment is with Scottish Widows. They previously asked me to get her signature but I have no way of locating her and have had no contact for over 15 years. Is there a best way to proceed with this please?

Replies

  • kingstreetkingstreet Forumite
    36.9K Posts
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    ✭✭✭✭✭
    I saw this yesterday, but have nothing to offer. You have to find the other policyholder. I know of no other alternative.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • Really! Oh dear!
  • kingstreetkingstreet Forumite
    36.9K Posts
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    ✭✭✭✭✭
    TBH at the time you split, an equity of redemption should have been carried out to remove her ownership of the policy, similar to a transfer of equity for a property/mortgage.

    Chances are, wen you do find her, she'll screw you for a percentage of the value. You'll then need legal advice, if you can't agree.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • Last I heard she had moved to the US! Deep Joy
  • Facebook search?! You must know someone who still knows her!
    Sealed jar saver #1994
  • Hi, I had a similar situation with my ex husband who could not be traced. Finally we had to go through the courts, for the judge to sign the removal of his name and interest on his behalf. We had to show we had tried allsorts to track him down, including taking out adverts in the press! Luckily I had been recommended a brilliant solicitor (after dealing with many that weren't) and she got it all sorted.

    Helles
  • ThrugelmirThrugelmir Forumite
    83.3K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ✭✭✭✭✭✭
    Vortex1 wrote: »
    Is there a best way to proceed with this please?

    Tried facebook?
    It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros
  • Hi Guys, yep facebook, myspace etc, nothing. I will have to see if I can track down a relative somehow.
  • Brock_and_RollBrock_and_Roll Forumite
    1.2K Posts
    Part of the Furniture 1,000 Posts
    ✭✭✭
    Lateral thinking needed if you dont know any of her relatives. For example you obviously know her name but do you know her date of birth or even her birthday with approx year? If so get yourself to the National Records Office and search for her birth certificate. This will list her parents names and addresses at the time - you can work from there forwards.

    I was struggling to find a relative that went to Oz in the 1950s - spent ages searching on the internet. Then employed a specialist investigator who tracked the guy down in 2 days (had moved sopmewhere else)
This discussion has been closed.
Latest MSE News and Guides

PCR tests to end for fully vaccinated

Travellers returning to England in Oct

MSE News

Free Homebuilding & Renovating Show tix

London, Harrogate & Shepton Mallet

MSE Deals