Insolvent Estates - Identifying & Managing the Risks

Introduction

Insolvent estates can create significant risks for personal representatives, from personal liability to difficulties recovering professional fees. Identifying potential insolvency early is therefore essential to protect both the estate and the personal representative.

This practical webinar will guide you through the key issues involved in identifying and administering insolvent estates. You will explore how to recognise potential insolvency, the correct approach to administration and the steps you can take to minimise personal risk and maximise the prospects of recovering your fees.

By the end of the webinar, you will have a clearer understanding of how to navigate insolvent estates confidently, avoid common pitfalls and ensure the estate is administered correctly.

What You Will Learn

The webinar will cover the following:

• How to identify when an estate is insolvent or at risk of insolvency
• The different methods of administering an insolvent estate
• The legal and practical consequences of insolvency
• Key risks and potential liabilities for personal representatives
• Lloyd’s Names and the issues they can raise
• Managing cross-border insolvency issues