Early Distribution Insurance

Tailored insurance policy indemnifying both Executors & Beneficiaries against potential Inheritance Act claims, facilitating earlier distribution within the six month Inheritance Act claims period

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The Personal Representatives are responsible for correctly distributing the deceased’s estate. It is possible for certain individuals to make a claim against the estate under the Inheritance (Provision for Family and Dependants) Act 1975 if they are excluded from, or believe they are not suitably provided for, in the Will.

An individual wishing to make a claim may serve proceedings within ten months after issue of the Grant or Probate. In the event estate funds are distributed prior to the expiry of this ten-month claims period, and there are insufficient funds remaining to meet any successful claim, the Personal Representatives would be personally liable.

When advising Executors and administrators, it is important to make them aware that they are responsible for correctly distributing estate assets.  They need to understand an individual could challenge the provisions of a Will under the Inheritance (Provision for Family and Dependants) Act 1975, and the risk of personal liability in the event of a successful claim.  If you are acting as executor, you should similarly inform the beneficiaries of the potential risk and your approach to mitigating personal liability.

Understandably beneficiaries can become frustrated when presented with ‘another’ delay to the distribution of estate funds, particularly where no claims are anticipated.  Early distribution insurance can offer a helpful alternative, protecting the personal representative and beneficiaries in the event of a successful claim following distribution within the claims period. As a legal professional, you play a vital role in ensuring your clients understand the potential risks and providing suitable advice to help minimise liability.

  • Indemnifies Executors & Beneficiaries
  • Facilitates distribution within IA '75 claims period
  • Helps PRs offer alternative solutions to Beneficiaries

Estatesearch is an Introducer Appointed Representative of Lawsure Direct Ltd, authorised and regulated by the Financial Conduct Authority

Indemnifies Executors & Beneficiaries against potential Inheritance Act claims to facilitate earlier distribution

  • Indemnifies Executors & Beneficiaries
  • Facilitates distribution within IA '75 claims period
  • Helps PRs offer alternative solutions to Beneficiaries
  • Financial Asset Searches have become an integral part of estate administration. We now commission these searches as a matter of course, and have found that it makes the task of information gathering infinitely less time-consuming and difficult. Tom Bottomley, Partner
  • I feel by using Estatesearch I am using all possible tools out there to provide the most comprehensive search of a deceased's assets to enable a complete and full administered estate from the get go. Leonie Adams, Director
  • The Estatesearch Financial Profile Service gives us a comprehensive and robust due diligence process at the click of a button. Using a combination of data and technology goes beyond what we could reasonably achieve otherwise and Estatesearch have helped us identify additional assets in difficult Court of Protection matters. Holly Chantler, Head of Private Client
  • Having used Estatesearch many times I have always found it to be really quick and easy and if any questions the team are always willing to help and discuss matters and have managed to find other accounts for other clients but with less in them which we are all extremely grateful for. Would highly recommend these are done when dealing with any financial matters. Lynne Ragoubi, Senior Accredited Paralegal
  • We're very happy with the services provided by Estatesearch and find the Financial Profile Service a valuable tool in assisting our clients. In one recent matter undertaking the search meant we discovered an additional £2,500 which we would have otherwise been unaware of, needless to say the beneficiaries were happy with the outcome. Jade Gani, Head of Private Client
  • The Financial Profile Service helps us demonstrate all reasonable due diligence in matters where we're appointed as Executors. In a recent matter the Report helped us identify additional assets which our client and the beneficiary greatly appreciated. Charlotte Day, Solicitor
  • The Estatesearch process is simple and accessing several services in one portal saves so much time. The Financial Profile Service is really useful and great value, supported by excellent customer service. As a firm regularly acting for overseas PRs the Search can be invaluable for discovering UK assets and liabilities. I wouldn’t hesitate in recommending the service to my clients. Helen Green, Solicitor
  • We use the Financial Profile Service when appointed as Executors to help us clearly demonstrate we’ve met all our statutory duties. The report is clear and easy to use, helping us quickly make targeted additional enquiries to secure estate assets when required. Rachel Roche, Solicitor Director
  • The Financial Profile Service helped us efficiently confirm all the estate accounts, and in our latest matter identified a historic pension adding greater value for the beneficiaries and our clients. Liyen Edin, Biscoes Solicitors
  • The Estatesearch team are always willing to go the extra mile to help us with our cases and enquiries, using their knowledge and expertise to help us deliver an excellent service while reducing costs for our clients. Michael Graham, Head of Private Client

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