Deed of Absolute Assignment

derekb1

My wife and I were divorced 10 years ago. Endowment policies at that time were valued and formed part of our statement of financial whatsits. We agreed that 60% of the value of our whole estate went to my wife which was paid to her as cash and I retained the policies and pension and have paid the premiums ever since. A loose end that we never tied up was that the polices have remained in both our names. AEGON tell me that I need to see "my solicitor" and get a Deed of Absolute Assignment. I dont antipate my ex being difficult over this, it was all agreed at the time and documented (via mediation) and we remain relatively friendly- can I get a template deed from somewhere? is a solicitor the place to go?

kingstreet

An equity of redemption should have been completed at the time, IMHO. This would have left her as a life assured, but removed her as one of the beneficial owners of the policy proceeds.

I've never heard of this Deed, but it sounds like the same kind of form and my experience is the insurer has such forms which it can send you for completion.

derekb1

At the time we seperated (2001) we went to a Mediation service which was fairly informal. It was all documented in a psuedo legal form but no court papers were involved and I'm not sure what actual legal weight it has. It was all agreed and we then both took it to independant legal advice at the time.

We didnt actually divorce until a few years later 2005.

I spoke to AEGON and they sent me a Deed of Assigment which said on it it wasn't suitable in divorce cases. I phoned them and queried it and then they said to get a Deed of Absolute Assignment from my solicitor (normal people dont "have" a solicitor!).