Back
Many customers with a Discretionary Trust, don't need to contact us to amend Beneficiaries.
This 90 second video provides some guidance.
As the video explains:
- With L&G's Discretionary Trust there is a list of people who are eligible to be Beneficiaries, such as a spouse or child.
- You don't need to inform us if the new Beneficiary is already included in the list.
- You can see this list on page four of your Discretionary Trust.
- In the event of a valid claim the proceeds of your policy would be paid to the Trustees.
- The Trustees then choose from the list who gets the proceeds of the policy.
- You can guide Trustees with a Letter of Wishes.
For all other changes to your Beneficiaries,
please complete the Amend Trust Request Form (below).
A member of the Trust Team will review it and get back to.