LIFE INSURANCE

Hunnie1977

Hi Hope all are well 
Just need to ask as have the above was a joint one bus am now divorced changeing to sole one but want ask how to leave money for son as in case some thing happens to me 
would i need to set up a trust or name him as nomie on my policy or advise my company only to give to him once he is 18 years old 
if set up trust would i ned to pat tax or admin change on this 

DullGreyGuy

Hunnie1977 said:

Hi Hope all are well 
Just need to ask as have the above was a joint one bus am now divorced changeing to sole one but want ask how to leave money for son as in case some thing happens to me 
would i need to set up a trust or name him as nomie on my policy or advise my company only to give to him once he is 18 years old 
if set up trust would i ned to pat tax or admin change on this 

What are you trying to achieve? That he receives £X if you were to die before you/he hits the age of Y but nothing if you live beyond that?

Or are you wanting to just leave him "something" irrespective if you die today, tomorrow, next year or on your 120th birthday?

Hunnie1977

as been paying monthly amount for life insurance so not sure what to do as not want lose amount as i know i wont be able to enjoy the money so wish to give to son for his future 
tru we all not sure what around the corner tomorow