Our Family Asset Protection Trust, administered by authorised professionals, meets the highest regulatory standards.
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Estate administration is the process of handling a person’s legal and tax affairs after they pass away.
It involves a lot of complicated personal, legal, and financial work and is not only time consuming but comes with the risk of financial loss should something go wrong. This is why many people choose to appoint a professional to act as executor or personal representative.
Timeline: Days to 6 months
Activity: Obtain values
Timeline: 2–8 weeks
Activity: Prepare, IHT & Probate forms
Timeline: 2–5 weeks
Activity: Pay tax, Submit IHT form, Await receipt
Timeline: 1–2 weeks
Activity: Apply for Grant of Probate
Timeline: 2 months to 18 months
Note: Can be longer for complex estates (e.g., overseas assets, properties with sale issues, estates with businesses)
Activity: Accounts closed/transferred, Property sold/transferred, Income tax finalised, IHT finalised, Interim distributions to beneficiaries can be made
Timeline: 1–4 weeks
Activity: Estate accounts approved – distribution of the estate to beneficiaries
Prepare the documents for your chosen executor to apply for and acquire the Grant of Representation from the court.
All beneficiaries due to inherit under your estate must have their entitlement to the estate verified under the terms of your Will (or under intestacy laws if there is no valid Will).
The final estate administration expenses must be paid.
Accounts documenting all payments into and out of the estate will be prepared, showing the balance left for distribution to the beneficiaries.
The Main Benefits of Jubilee Cover Executor Support
With fixed costs from the outset, you know exactly how much you are paying for this invaluable assistance in having your estate settled. As this is paid prior to being needed, there will be no surprising bills for your executor to pay before your legacy is passed on to your beneficiaries.
Peace of mind knowing that your documents are safe, secure, and not accessible to any undue influence.
No further cost for updates to your documents, including any government registration fees for powers of attorney
The opportunity to change your Will, Trust, or Lasting Powers of Attorney when your circumstances change, without paying additional fees.
Save your executor the burden of having to apply for probate themselves and administer your estate during a challenging time.
Your executor or beneficiaries won’t need to find additional funds to pay for the cost of a probate professional to administer your estate (usually charged at 2% to 4% of your estate value). It is quite common for an executor to seek the services of a professional after a loved one has passed. At-need probate can be extremely overpriced.
As this is a fixed-cost product, you will pay either a one-off fee or a deposit with monthly payments, rather than a percentage of your estate after you pass away. We believe that the size of your estate should not result in significantly higher costs, since the principles and process are the same for estates both large and small.
The cost of a probate service engaged by an executor in the UK typically ranges from 2% to 4% of the estate’s value. For an estate of £400,000, this could mean paying £8,000 at the lower end, or £16,000 or more for higher-priced services.
Below is an illustration of our cost. The illustration is based on clients under the age of 72. Personalised quotes are available for clients 72 and above.
Initial Payment £250
Monthly Payment £21.99
You can increase your deposit to lower the monthly payments. The contract works in accordance with our storage and service terms and you can cancel at any time. Your agreement automatically renews each year and you will not be obliged to pay any remaining balances should you decide to cancel. Your executors can access our support services as soon as you subscribe to the service, and can continue to access our support service as long as monthly payments have been made on time. Please note that a £500 fixed admin fee is payable on death & your estate value needs to be under the IHT threshold to qualify for this service.
While most people will see value in this product there are a few people
who will get the most out of our service.
Many People find it hard to decide which of their loved ones will deal with this challenging part of passing away, by utilizing our support service you can be secure in the knowledge that whomever you choose, they will have the professional support they need from Jubilee Cover. Effectively making the entire process seamless for your
chosen executor.
Customers who want the peace of mind knowing that their final wishes are written up to date and reflecting their current circumstances, secured from third party influence and kept safe until the time comes for their wishes to
take effect.
Customers who would like to have a professional company help with probate whilst choosing a loved one to still be in full control and make all key decisions
Different types of will offer different levels of protection and flexibility. Our interactive tool helps you find the option that best suits your needs.
Real stories from families we’ve helped protect their legacy.
