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PPI Potentially Owing on Thousands of Deceased Estates

Wednesday June 12, 2019

Have you been an executor in the last 30 years? It is possible thousands of pounds could be owing to your deceased relatives estate for mis-sold PPI.

In the wake of the PPI saga, the Banks put back more than £50 billion to cover the costs of settling any claims. It is estimated that around 60% of this pot has been claimed but queries have been raised about the claims still potentially outstanding.

It has only recently been suggested that a large proportion of these outstanding claims could be owing to deceased estates. This could potentially mean thousands of pounds are owing to the beneficiaries of deceased estates nationwide.

If you have therefore acted as an executor or representative for a relative or deceased persons estate in the last 20 to 30 years , and you believe the deceased may have taken out a mortgage, loan or credit card after 1990, before they died, then they could be eligible for a PPI claim.

We would recommend you contact a claims handling company or the deceaseds bank direct for an application to review the PPI on the deceaseds estate.

However you must act quickly as there is a cut-off date of 29 August 2019 to make a claim.

For Estates where we as a firm have acted as an executor and where information is still available, we will be making enquiries.

For legal help and advice regarding inheritance matters, contact our expert team on 01752 204444

Have you been an executor in the last 30 years? It is possible thousands of pounds could be owing to your deceased relatives estate for mis-sold PPI.