Does anyone know if I can have a UK life insurance but have it paid to someone in Thailand if I die
1,124
views
1
likes
24
all likes
11
replies
0
images
9
users
TLDR : Answer Summary
The question is about the possibility of having a UK life insurance policy payout designated to someone living in Thailand upon the policyholder's death. Various comments suggest that it is feasible, emphasizing the importance of contacting the insurance provider for accurate information. Several participants mentioned that setting up a discretionary legal trust can facilitate this process, allowing the policyholder to nominate beneficiaries globally without tax implications. Recommendations for professional advice from insurance experts in Thailand were also provided.
James *******
I don't think you will ever die so less of the 'if' please.
James ***************
Yes you can, Ive just retired from my uk business in life insurance and all you need to do is write your policy into a discretionary legal trust nominating who you would like to benefit from the monies (they can live anywhere in the world)…also means no requirements for legal involvement and the money is tax exempt…easy to download from internet on your insurance company website and there’s no time restraints…just be careful on which trust forms you complete as there’s loads of them ‘discretionary trust’ is what you need 👍