WIQS—estate administration practice policies
WIQS—estate administration practice policies

The following Wills & Probate guidance note provides comprehensive and up to date legal information covering:

  • WIQS—estate administration practice policies

During the progress of an estate administration process, there are a number of matters that are essential to the smooth running of that process. In particular, it is essential that a practice sets down some guidelines in respect of, among others, its charging structures and how this is to be explained to clients.

Equally, the practice must pay attention to the oft quoted complaint of beneficiaries (and personal representatives) not knowing what is going on by specific time limits for the tasks (eg application for the grant, payment of liabilities, payment of legacies, etc) that are common to the administration journey.

Allied to this is the often vexed question where practice members are appointed PRs and/or trustees of whether they should renounce in favour of family members, and there should be a policy to resolve this issue sensibly and sympathetically.

  A practice must have a written policy on its use of standard letters/agreements setting out the terms of the estate administration retainer, including:  
  1.1 those matters included in the standard retainer