Why Does an Executor or Administrator of an Estate Need Insurance Protection?
Executors and Administrators face personal and unlimited liability if they make a mistake.
Even the most straightforward of wills can involve hidden difficulties and probate regulations are complex – this can leave executors / personal representatives and administrators vulnerable to potential legal claims by beneficiaries, estate creditors and the tax office.
What Does Our Executors Insurance Policy Offer?
Protection against errors made during probate
An 18 month policy
with cover of up to £1,000,000
Legal expenses cover + 30 minutes of legal advice
One policy covers up to four people
Our online executors policy can only be taken out within the first six months of becoming an executor (date of death).
The cost of the policy can be covered by the estate as a legitimate expense,
so you pay nothing.
The Trustee Act of 2000 which extends to England and Wales, has clarified the law on the management..
Being an executor or administrator is a serious legal responsibility and any executor faces the…
The cost of taking out Executors Insurance for one year can be less than the cost of an hour of legal advice…