Private Client ServicesSection 27 Trustee Act Notices & Insurance
Protect executors from any potential creditors making a claim on the estate by placing a Section 27 notice in the Gazette and a newspaper local to the deceased’s last known address.
Why is it important to place a deceased estate notice?
It is the responsibility of the Personal Representatives to handle any claims from creditors against the deceased’s estate, whilst protecting themselves from any unknown liabilities.
It is recommend that once a Grant of Probate has been issued, a statutory notice is placed in The Gazette and a local newspaper closest to where the deceased owned land or property. Placing a section 27 trustee act notice will allow time for any potential creditors to come forward within an established notice period, and also provide statutory protection for the estate’s PRs against any personal liability under the Trustee Act 1925.
Early Distribution Insurance
If the statutory notices are not placed, this could leave the PRs open to claims from potential creditors and consequently become personally liable for any losses.
As an alternative to placing Section 27 Trustee Act notices, Finders can provide insurance offering the same statutory protection to the estate. This allows the PRs to forego the minimum two month and one day notice period and enable earlier distribution of estate funds.
Please enquire directly for an Early Distribution Insurance policy quotation, or download (318 KB) and return the following order form.
Section 27 Trustee Act Notice Cost
for Gazette notice and a local newspaper
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Finders can sell or transfer foreign listed stocks and shares, obtain a Federal Transfer Certificate from the IRS, attend to the re-issue of uncashed dividend cheques, and bring the value back into the estate.
Finders can have the Medallion Guarantee stamp affixed as part of the wider work of transfer or sale of shares, or on a standalone basis.
Struggling to meet the overseas bank’s requirements to close a deceased person’s account? We can help.
With our network of partners overseas and years of experience, we can help estates clear this obstacle to the recovery of value abroad.
If you are trying to recover overseas assets that have been subject to local escheatment laws, or classified as ‘unclaimed property’, we can help.