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What happens to our spouses when we die

Discussion in 'Life in the Philippines' started by CatchFriday, Feb 1, 2020.

  1. Mattecube
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    Mattecube face the sunshine so shadows fall behind you Trusted Member

    That's ok then
  2. Radnor16
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    Radnor16 New Member

    You've had a lot of responses to far. To add to, and possibly confirm, what has already been said:

    1) Always draw up a will. It is not difficult. You can do it online these days.

    2) For UK Pensions, the member can nominate their preferred beneficary - it will be called a Death Benefit or Expression of Wishes form. Again, this is not difficult. You don't want to leave it to the pension trustees to decide for you - be specific.

    Also, if the pension benefits have yet to be drawn, and your spouse is not resident in the UK, the pension will typically pay-out a lump sum, at the value of the pension, rather than an income.

    B.

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