What is Missing Will Insurance?
Missing Will Insurance protects the administrator of a deceased’s Estate and the beneficiaries in the event that:
- There is believed to be no will (and the Estate is treated as intestate) and a will is subsequently discovered leaving the estate to different parties or in different proportions, or
- Following distribution in accordance with a will, a more up to date will or codicil is discovered changing the wishes of the deceased.
In what circumstances is cover required?
Where no will exists and proceeds of probate are going to be dealt with in accordance with the rules of intestacy or a will exists but there are concerns that it may not be the most up to date one.
Risks covered: payment to any party benefiting under the latest will together with costs and expenses.