New Estate Administration Protocol

by Kidd Rapinet on November 5, 2012

Dealing with the death of a relative is stressful enough, without the added stress of a long drawn out winding-up of an estate. Well, a new protocol just agreed will reduce that stress level somewhat, and speed things up. According to Gurvinder Sehra, a partner in the Private Client Department of Kidd Rapinet’s High Wycombe office: “The major Banks, the Law Society and the Society of Trust and Estate Practitioners have agreed a new procedure to ease the burden on family members who suffer a bereavement.”

The protocol covers the different administrative procedures used by banks and building societies for releasing assets held by deceased customers. It has been signed by the British Bankers Association on behalf of Barclays, HSBC, Lloyds, Halifax, RBS and NatWest, and covers current, savings, credit card and unsecured loan accounts. Gurvinder Sehra comments: “The last thing grieving relatives want is delay or hassle. This new protocol should smooth things out and speed things up.”

If you feel you may need advice, Kidd Rapinet can advise you. Call the contact for your local office for further information:

  • Aylesbury: John O’Shea (01296 432541)
  • Farnham: Rebecca Panton (01252 713242)
  • High Wycombe: Gurvinder Sehra (01494 535321)
  • London: Rosalind Hallifax (020 7265 5471)
  • Maidenhead: Alex Norris (01628 621301)
  • Slough: Ron Kerslake (01753 532541)