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Hargreaves Lansdown Expression of Wish 2015-2025 Form
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People also ask
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What is the expression of wish form for life insurance?
Use this form to let the Trustee know who you would like to receive the lump sum benefit payable on your death in service. This form is not binding on the Trustee, but your wishes can be taken into consideration when making the decision.
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How do I inform Hargreaves Lansdown of death?
What to do if an HL client has died - step by step. To let us know that someone has died either call our Bereavement Team on 0117 906 7806 or send us the death certificate.
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What is an expression of wish form?
If so, the nomination form will be paid to the stated beneficiary but will form part of your estate for Inheritance Tax. The expression of wish means it's at their discretion who it's paid to, they will use your wishes as a guide but aren't bound to them, so it doesn't form part of your estate for Inheritance Tax.
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Is expression of wish better than nomination?
If you do not complete an expression of wish form, any death grant that may become payable will be paid to your legal beneficiary.
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What is an expression of wishes on life insurance?
However, the scheme administrator still wants to distribute the death benefits in the way you would have wanted. An expression of wishes is your way of telling your scheme administrator who you would like your beneficiaries to be.
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Where do I get an expression of wish form?
You can update your expression of wish any time by contacting your pension provider. If you have an online account, many providers will also have the form online. Any new form you complete will take priority over older ones.
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Is Hargreaves Lansdown being taken over?
Here's how it works. Investing platform giant Hargreaves Lansdown is set to exit the stock market next week as the £5.4 billion takeover of the brand by a group of private equity investors nears completion.
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