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Need to make a will - advice please.

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  • Savvy_Sue
    Savvy_Sue Posts: 47,798 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Can you clarify the 'in trust' bit please? I work in accountancy so have worked on trusts and don't want my money left to my wife to be held in trust, I want her to have it.
    In this context, it means it passes to your wife outside of the estate, not that she can't access it. It simplifies matters considerably as the money can often be released if she sends in a death certificate and proof of ID.
    Is there a standard letter anywhere for changing/naming a benefactor? A quick google search hasn't thrown anything up.
    Phone each provider and ask if you have a nominated beneficiary to whom any benefits after death would pass. They may well have a form they'd send you.
    Signature removed for peace of mind
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