Estate doesn't need a grant of representation - insurance?

ChuckleHappy

I'm dealing with my deceased father's estate and it's pretty simple and does not need a grant of representation. But I'm wondering if I should take out some insurance to protect myself in case I miss anything. 
I've had a look at Early distribution insurance and Section 27 indemnity insurance but they seem to require that a grant of representation has been made. Do I have to have this to buy insurance? 

Sarahspangles

Unless your father had no assets, in which case there is no estate to administer, you need a grant of representation.

RAS

Sarahspangles said:

Unless your father had no assets, in which case there is no estate to administer, you need a grant of representation.

Many banks and building societies will pay out sums up to £50k simply on the basis of the death certificate and the signature on an indemnity form. Stocks and shares and property require a deed of representation. The situation with pensions and insurance varies by provider.

Savvy_Sue

Who are the beneficiaries and is anyone likely to make a fuss or query whether you've done it right? 

SiliconChip

Have you confirmed who the beneficiaries are? You can do that here:

https://www.gov.uk/inherits-someone-dies-without-will

If you are the only beneficiary, or if there are a small number of beneficiaries who agree with how you propose to distribute the estate, then I don't think insurance would be completely necessary, otherwise it might be a sensible precaution.

Sarahspangles

RAS said:

Sarahspangles said:

Unless your father had no assets, in which case there is no estate to administer, you need a grant of representation.

Many banks and building societies will pay out sums up to £50k simply on the basis of the death certificate and the signature on an indemnity form. Stocks and shares and property require a deed of representation. The situation with pensions and insurance varies by provider.

The indemnities that banks etc require relatives to sign are there to protect the institution by shifting the responsibility. Grant of representation is (partly) there to protect the relative by conforming they are the proper person to be dealing with the estate. I can’t see an insurer covering someone unwilling to apply for probate.