No Section 27 Notice Insurance
Our insurance brokers are experts at providing advice on, and arranging, No Section 27 Notice Insurance.
If you, or the client you represent, want financial protection from the risks involved by not serving a Section 27 notice; we can help.
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Section 27 of the Trustee Act 1925 requires executors to give public notice to potential creditors, giving them a specific timeframe to make claims against the estate. This insurance addresses situations where no Section 27 notice has been served, potentially leaving the estate vulnerable to unknown or unforeseen creditor claims.
No Section 27 Notice Insurance indemnifies beneficiaries and executors against potential creditor claims that could arise in the absence of a Section 27 notice, covering eligible payments, legal fees and costs incurred in defending against these claims.
Information we require to help you:
- A thorough explanation of the circumstances
- Details of the will or intestacy
- Details of the grant of probate
- Value of the residuary estate for distribution
- Details of any disputes
- Details of parties or confirmation that no parties are known that could make a claim
- The amount of cover (limit of indemnity) required and how this has been calculated
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Our brokers are knowledgeable and friendly. They’re specialists who can provide the advice and help you need.
What other types of probate cover do Access provide?
Our insurance brokers are experienced in advising on, and arranging a suite of probate & estate administration indemnity covers, sometimes known as trust and probate insurance, that are designed to protect and indemnify executors, administrators, trustees and beneficiaries involved in the administration of an estate.
In addition to No Section 27 Notice Insurance, these covers include:
Missing Beneficiary Insurance
To protect executors, administrators, trustees and beneficiaries in case any unknown or missing beneficiaries come forward at a later date.
Missing Will Insurance
To address scenarios where the will itself is missing or cannot be located.
Early Distribution Insurance
To safeguard beneficiaries from the financial risks associated with receiving an early distribution.