Get the free Expression of Wishes Form - please complete - Becky and Carly

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How to fill out expression of wishes form

How to fill out expression of wishes form

1. Obtain the expression of wishes form from your pension provider or employer.
2. Read the instructions carefully to understand the purpose of the form.
3. Fill in your personal details, including your name, address, and contact information.
4. Identify the beneficiaries you wish to name, including their names, addresses, and relationship to you.
5. Clearly state the percentage or amount you wish each beneficiary to receive.
6. Review the form for accuracy and completeness.
7. Sign and date the form to validate your wishes.
8. Submit the completed form to your pension provider or keep it in your personal records, depending on the instructions provided.

Who needs expression of wishes form?

1. Individuals who have a pension plan or life insurance policy.
2. Beneficiaries of a trust or estate planning.
3. People who want to specify their preferences for distribution of benefits upon their death.
4. Anyone who has a significant other or dependents to consider in their estate planning.

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What is expression of wishes form?

An expression of wishes form is a document used to indicate how an individual would like their benefits or assets to be distributed upon their death, particularly regarding pension funds or insurance policies.

Who is required to file expression of wishes form?

Typically, individuals who are beneficiaries of a pension scheme or life insurance policy are required to file an expression of wishes form.

How to fill out expression of wishes form?

To fill out an expression of wishes form, individuals should provide their personal details, list the beneficiaries, specify the percentage of benefits each beneficiary should receive, and sign and date the document.

What is the purpose of expression of wishes form?

The purpose of an expression of wishes form is to guide the trustees or administrators of benefits regarding the individual’s preferred distribution of assets or benefits, although it is not legally binding.

What information must be reported on expression of wishes form?

The information that must be reported includes the name and contact details of the individual, names of beneficiaries, the relationship to the individual, percentage or share of assets, and any specific notes regarding the distribution.