Helping you distribute difficult estates
Executor & Inheritance insurance products to provide protection and allow the distribution of an estate to move forward quickly and confidently
What is Executor & Inheritance Insurance?
- Insurance to help the distribution of an estate move forward, without the need to go to court, or reserve part or all of the estate
- Insurance protects Executors, Administrators and Beneficiaries in perpetuity and their Legal Advisors
- Compliments good legal services, not replaces them (cover can only be considered where a professional is involved in administering the estate). Generally used where a lawyer has done everything possible, but a problem still prevents the estate administration
Range of covers: Specific Known Risks
Missing Beneficiaries
On a precautionary basis (i.e. no specific missing Beneficiaries, but can’t be absolutely sure) OR Known Beneficiary that can’t be traced either on intestacy basis or named in a will
Missing Wills
On a precautionary basis where searches have not revealed one OR belief/suspicion there may have been a will, but it cannot be located
Claims from Creditors
On a precautionary basis where there are no known debts OR information suggests there may be unpaid debts, but claims cannot be substantiated or are historic
Early Distribution under Inheritance Act
Where Beneficiaries are seeking an early distribution before the expiry of the 10 month claim period
Historic or Residual Tax risks
Not to cover a known tax bill the estate does not want to pay, but taken where there are “grey areas”or historic matters, that can’t be resolved in another way
Challenges to a Will
Cover usually where individuals have started to make a claim, won’t change/move their stance or withdraw claim(even if it’s spurious) but there’s a need to move on and distribute the estate
European Forced Heirship laws
Where there are concerns non UK succession laws may apply to the deceased’s estate, perhaps because of their domiciled status,or because of an ambiguous or contradictory clause in their UK or foreign will
Solution to PI Claims
Not a direct alternative to PI - but an area of law where potentially a lawyer can be deemed as “negligent” due to complexities involved. In the case of a claim, the liability moves from PI provider to Executor and Inheritance policy
Comprehensive Executor & Inheritance Policy
Used as precautionary “wrapper” cover where there are no specific concerns or issues but complete “peace of mind” is sought. Policy covers claims/challenges for:
- Later dated will appear
- Missing Beneficiary stakes a claim
- Deceased lacked mental capacity
- Improper execution of the will
- Charitable gift is challenged
- Challenge to the will
- ID fraud for UK nationals
- Unknown tax liability
- Charity exerts a claim
- Unknown will is discovered after estate distributed on an intestacy basis
- New financial dependent appears and claims under 1975 Inheritance Act
- New debts arise after distribution
Contact us today for more information or to discuss a specific enquiry
For more information on DUAL Asset's Executor & Inheritance products, or to discuss a specific enquiry, please fill the in the form below and a member of our team will be in touch shortly.
About DUAL Asset
We are part of the DUAL group, one of the world’s largest international underwriting agency
Panel of 'A' Rated Insurers*. Executor & Inheritance UK policies covered by AXA XL and RSA
Largest international writer of Title Insurance outsidethe US with a GWP of £98m
Executor & Inheritance covers available worldwide subject to Insurer’s approval.