Benificeries

kplatonos

Husband passed away suddenly  a year ago , still married at the time but separated, company pension should pay out as a life insurance and whole extended family has filled in beneficiaries forms , now with trustees of policy, I feel money should go to the children , any thoughts as to what will happen ?

Flugelhorn

it will be up to the trustees, did he complete a nominations form?

dunstonh

I feel money should go to the children , any thoughts as to what will happen ?

Insufficient information to go on.       For example, still married but separated means there could be joint assets and liabilities.  the wife may still have been financially dependent on the husband.  It could go 100% to the spouse potentially.

Andy_L

Is this a lump sum "death in service" payment (which would go to whoever was nominated) or a "dependents pension" (which can only be paid to spouse or dependent children) or both?

Marcon

kplatonos said:

Husband passed away suddenly  a year ago , still married at the time but separated, company pension should pay out as a life insurance and whole extended family has filled in beneficiaries forms , now with trustees of policy, I feel money should go to the children , any thoughts as to what will happen ?

If the wife tells the trustees that's her preference, it is likely to carry considerable weight over any 'extended family' members - but with so little info (e.g. judicially separate or just living apart? What ages are the children? Were any other family members financially dependent on the husband?) impossible to know.