After over a year I am finally divorced and the judge has signed our Consent Order.
In it he agrees that our endowment policy is to be split with me getting a slightly higher amount than my ex-wife. My question is, is it possible to ask the policy issuer, in this case Prudential, to issue cheques to each of us for varying amounts?
If so what would we have to supply to the Prudential for this to happen.
usually, yes. The company will usually have a standard form which allows you to say how you want the money to be paid - you an write on this
1) cheque for £5,000 made payable to Mr MickeyM
2) cheque for £4,000 made payable to Mrs MickeyM
Provided that the form is then signed by both of you there shouldn''t be a problem.
You can usually request the forms to surrender/encash the polcy over the phone so you can ask, when you ring up, whether there is any difficulty in having 2 cheques sent to 2 different adresses.
please note: normally, the company will not pay out unless then have surernder forms signed by both of you, even where there is an order in place.
They may need to see proof of ID or addresses, especially if weither or both of you has changed your address from the one they have on their records. Usually the form they send you will tell you what (if anything) else they need from you.