Where there is limited or no cash accessible in the estate, Level’s estate expense funding allows executors to unlock a proportion of the estate to pay estate liabilities such as:
Property repairs, maintenance & associated sales costs
Property clearance costs
Professional fees such as probate, valuers and surveyors
Running costs of an on-going business that was wholly owned by the deceased
Necessary eviction of a problematic tenant from an estate property to allow the sale
And other recognised testamentary expenses
This has the benefit of providing financial support to executors or personal representatives liable for paying the testamentary expenses, as well ensuring that the beneficiaries will receive their inheritance as soon as possible.
For more information or to speak to a member of our team please do contact us.