Petition updateRICHARDS LAW HELP REMOVE THE DISCRETIONARY WORDRichards Law help remove the Discretionary word
Gail ButcherNorthampton, ENG, United Kingdom
Jun 25, 2020

Thank you to all those who have signed our petition so far our MP has been in touch by email and he’s has written a letter on my behalf in support and as soon as he hears back from mr Boris Johnson our Prime minister he will be in touch help us make a change with the way things are dealt with

Your expression of wishes are not legally binding the insurance companies are not obliged to to share any information with the loved ones you have named in the event of your death Discretionary allows information to be with held from the loved ones you have named
This does not form part of your estate this does not form part of probate as long as you have named a love one

help us reach £5,000 thank you we really appreciate

I’ve been googling to find out more information to carry on my fight. writing a policy in trust means you have named a loved one ) this means funds will be paid out quicker as the funds do not go through probate through googling it states that a lump sum will be paid out to person or persons you have named
Life insurance usually avoids probate there are some exceptions if no beneficiaries are named or alive then the life insurance will go to probate life insurance is concluded in your tax but most don’t need to worry
Your wishes are not legally binding the trustees are not obliged to pay funds out to the loved ones you have named please support our petition and help us make a change Discretionary allows them to do this

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