Assignment of ownership can be complex before proceeding we would strongly recommend you seek tax and legal advice.
Assigning the ownership of a policy may be performed via a deed of assignment. This is a formal legal document usually drafted by a legal adviser. However, Quilter International has draft deeds of assignment to assist in some general situations.
General assignments – For policies under the law of England, Wales and the Isle of Man
This deed allows you to assign a policy in the following scenarios:
- A gift to an individual.
- A gift to an existing trust.
- A transfer to a beneficiary of a trust.
- A transfer to a beneficiary of a Will.
- Where the policy is transferred in exchange for money or money’s worth.
- As part of the settlement of a divorce.
For policies issued under the law of any of country
Please call us or email us.
Assignments to or from a company
Please call us or email us.
Other scenarios not listed here
We are unable to draft deeds to cover all eventualities; you will need to instruct a legal adviser to draft a deed suitable to your needs.
For queries, please call us or email us.
Important: Quilter International can accept no legal responsibility for the content or effect of any assignment deeds we may provide. It is strongly recommended that any person making use of such a deed should first ensure that their own professional advisers are satisfied that it will achieve the intended objectives.
Where do I send my form?
Please complete, then scan and email, or post the original deed of assignment form to the following address:
Quilter International
King Edward Bay House
King Edward Road
Onchan
Isle of Man
IM99 1NU
