AB Corporate Client Due Diligence

CDD for UK Estates

When acting for the executor(s) or administrators of an estate, you should establish their identity using the procedures for natural persons (or as applicable) companies. When acting for more than one executor or administrator, it is preferable to verify the identity of at least two of them. You should consider getting copies of the death certificate, grant of probate or letters of administration.  Where you are not receiving instructions from all the executor(s) or admininstrators, you should confirm your ability to act upon those instructing you from all the executor(s) or admininstrators.

 

If a Will trust is created, and the trustees are different from the executors, the procedures in relation to trusts will need to be followed when the Will trust comes into operation.