When dealing with the administration of Estate funds, all liabilities must be paid before funds are released to any beneficiaries.  If all liabilities have not been paid, the Executor, Administrator and/or Personal Representative can be liable for non-payment of debts.

Transforming Estate

Due Diligence

Ordinarily, people don't have to deal with the loss of a friend, member of their family or a loved one on a regular basis.  So when it happens, it can be an emotional, stressful and disruptive time in their lives.  They look to professionals who offer solutions that are simple, efficient and cost-effective, so that the bereaved can mourn without an invasive legal and accounting process.

Before Estatesearch™, identifying the liabilities of an Estate was achieved through a combination of placing Section 27 statutory public notices and manual investigation of the deceased's records, or by taking a light touch approach and just using 'No Section 27' insurance.  

The option of placing statutory notices takes several months but is regarded as best practice for due diligence, while the option of insurance is quick but does not take a proactive approach to due diligence.  

Estatesearch™ combines the use of real-time data and insurance to protect professionals managing Estate Administration.

Identifying Liabilities


RISQ Ventures' Estatesearch™ Credit & Liabilities Report has been developed in conjunction with probate professionals.  It provides a solution that queries the credit bureau records through a strategic partnership with global information services company, Experian.  The real-time search of all known liabilities is then formatted into a report for Estate Administration purposes.  Claims from unknown liabilities are then protected by an innovative policy underwritten by CLS Risk Solutions, on behalf of the UK branch of ERGO, the direct insurance arm of Munich Re, one of the World’s leading reinsurance companies.

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