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Advice re Insurance Policies

  • scottishlady
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09 Nov 07 #6259 by scottishlady
Topic started by scottishlady
Hi....
Does anyone have any thoughts on this?
Last week when I visited my sol she had received, amongst other things, a handwritten 'guarantee' from my X2B that he would not 'dispose' of any of three endowment policies that he has, prior to 'settlement'....
Today, however, I come home from work to find a letter from Prudential saying "Dear Mr X.... Thankyou for your enquiry regarding selling your policy"....
I have called my sol to ask her advice, but she's at court.....
Any advice would be very welcome

Thanks
SL

  • JLGsDad
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09 Nov 07 #6265 by JLGsDad
Reply from JLGsDad
I'd say calm down and think about in the morning.

It may just be a normal part of planning - asking how to do it or how much the policy would be worth seems reasonable.

I always remember the maxim "Don't assume. Check".

You could just say that you saw the letter and whilst finding out how to do things is fine, you'd like him to remember his promise, or something like that.

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09 Nov 07 #6280 by Sera
Reply from Sera
Make a note of all the references on the letter, (or just photo-copy as proof!)

If you can, ask the companies for a Current Valuation, and keep the valuation as Evidence for if he does do-the-dirty and dispose of them.

Hopefully your slice will still be a bigger part of the house.

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10 Nov 07 #6288 by scottishlady
Reply from scottishlady
Thankyou both for your thoughts on this matter....
JLG's dad..... from recent experience of my STBX's actions.... I cannot help but think that he does infact have every intention of cashing these policies in, and 'hiding' the cash.... given that... he claimed last week to have 'lost' approx 20K gambling.....
I tend to think that he is of the opinion that he can 'hide' all this cash and when we 'go to court' he will be awarded (at least) 50% of the proceeds of the house sale...
Sera.... thankyou, yes, I hope you are right, in that to 'compensate' for all this money he is supposedly gambling/spending/losing/hiding.... a judge will realise this, and hopefully 'compensate' me accordingly re sale of our home....

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10 Nov 07 #6291 by sexysadie
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It may be the easiest way to get a valuation for his form E.

Sadie

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10 Nov 07 #6304 by scottishlady
Reply from scottishlady
Thanks Sadie.....

Yes, I suppose that could be a possibility...
I think, because of my thinking 3ish months ago.."he wouldn't do that"... when, infact, he could, and he did..... I am more concerned about 'his deceptive actions' than I possibly should be... and, you are infact right...
Thanks again
SL

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