Glossary - Beneficiary nominations
Description
Beneficiary nominations are instructions made by an individual specifying who should receive certain assets or benefits—such as pensions, life insurance policies, or investment accounts—on their death. They help ensure assets are passed on efficiently and in line with the individual’s wishes, often outside of a will.
Alternate Names
- Discretionary trust
- Trustees
- Pension wrapper
- Estate planning
- Death benefits
- Expression of wish
