Executor & Inheritance Protection
Executor & Inheritance Protection Insurance
An insurance solution provided by our partner, DUAL Asset, which protects Solicitors and their clients when you need to distribute an estate but are concerned about the potential legal pitfalls and uncertainties which may affect the process.
Product Details
- A comprehensive insurance product, which includes missing beneficiary, missing will and will dispute cover, amongst 13 other potential risks
- The policy will also pay defence costs for those cases which need defending, as well as legal costs incurred
- Cover can also be extended to provide insurance for legal rights claims relating to missing children and claims from creditors that cannot be resolved
Product Benefits
- The policies protect and pay claims, which in a worst-case scenario could mean paying out the whole value of the estate again, to an aggrieved party. They act as an alternative to going to court, avoiding the need for a costly and lengthy legal process. Insurance policies have been the go-to solution for the aggrieved party in numerous Professional Indemnity claim cases, where mistakes have been made in the drafting of a will.
* Missing beneficiary, missing Will, disputed ownership of household items, a challenge against the validity of the will, financial claims from unknown creditors, identity fraud, proprietary Estoppel, Inheritance Act 1975 claims, claims from charities, unknown tax liabilities
* claims from beneficiaries named in a will (unless covered as a Specific Risk), claims from HMRC for unpaid inheritance tax and claims from a foreign tax authority, claims from known creditors or persons we might reasonably think you should have made enquiry of before the estate is distributed i.e. heath care providers, identity fraud claims from non-UK nationals, the discovery of a will outside the UK.
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Get in touch
Get in touch with our team of experts to tell us about your requirements, ask a question or request a demo.
ADDRESS
Millar & Bryce
First Floor, East Wing,
Lochside House,
3 Lochside Way,
Edinburgh,
EH12 9DT