• April 21, 2024
 Welcome to The Estate Registry

Welcome to The Estate Registry

Today’s Wills and Probate are pleased to announce The Estate Registry as one of our new partners. Luke Cheadle, Head of UK Operations has answered some of our questions.

Can you introduce The Estate Registry to our readers?

We describe The Estate Registry as being a true pioneer of estate management services, providing cloud-based tools and services for inter-generational estate management. We use the term deliberately, since we have quite literally been immersed in the subject for 25 years or more we are by no means a new kid on the block. The organisation was created by a team of professionals with decades of service experience to professionals, organisations and individuals throughout the United States, Canada, and the United Kingdom as part of Phillips & Cohen Associates (PCA). Drawing from their extensive experience, the team recognised the challenges of estate management, particularly after a person’s passing. The Estate Registry was established to provide individuals and organisations with a range of services to automate and simplify the transition of assets to beneficiaries.

How has The Estate Registry evolved and developed since its inception?

It’s important to stress that The Estate Registry is not about a single product or service, but rather about delivering a suite of services to support lawyers, solicitors, accountants, Trust companies, financial services and utilities, creditors of all sorts, and personal representatives of estates and other intermediaries in delivering the best advice and support to their clients.

First among these services is NotifyNOW, a digital notification service for the bereaved (or the representatives of a deceased) to notify creditors of the death of one of their customers. Already award winning, the ambition over time is for NotifyNOW to become the single route for the bereaved and/or their representatives to inform ALL creditors of an individual’s death.

Most recently we received authorisation from the Financial Conduct Authority (FCA) to launch InheritNOW, a range of financial services products that help beneficiaries (and/or the professional representatives of an estate) to cover the expenses of a death or to receive their inheritance funds prior to probate being granted. InheritNOW will be launched to the intermediary community and direct to customers. In terms of future development, we will also shortly be launching our LegacyNOW product, in the UK. We shall be talking much more about these new products in the months to come.

How do you help support lawyers?

The key support we will be able to bring to lawyers is the breadth of services that makes their lives – and the lives of their customers, much easier. Bereavement, or indeed planning for death, is a complicated and challenging issue with many moving parts, and we will be supporting lawyers with digitally-led services that will help them improve efficiencies and outcomes, and ultimately deliver a better service to their customers. We analyse the challenges they encounter and develop products tailored to address these issues, empowering them to navigate the hurdles their clients face more effectively. We are focused on delivering products that are practical and pragmatic, that help simplify and streamline the whole process.

What makes The Estate Registry different?

What sets us apart is our commitment to continuous digital innovation. We are not merely a single-service provider; instead, we continuously seek to develop digital solutions that enhance the lives of lawyers, their clients and families. So it’s not one single service or product, but rather the sum of the parts, and the inter-relation of services that sets us apart. We also have significant financial backing and a proven track record, which enables us to invest in future product development with an agility that others will find difficult to match.

This article was submitted to be published by The Estate Registry as part of their advertising agreement with Today’s Wills and Probate. The views expressed in this article are those of the submitter and not those of Today’s Wills and Probate.

 

 

The Estate Registry

https://estate-registry.com/

The Estate Registry is a pioneer of estate management services, providing cloud-based tools and services for inter-generational estate management. The Estate Registry was created by a team of professionals with decades of service experience to organisations and individuals throughout the United States, Canada, and the United Kingdom, where they saw first-hand the challenges of estate management - especially in the period after a person has passed. In response to this The Estate Registry was created to give people and organisations a range of services that can help automate and smooth the transition of assets to beneficiaries. These services include: LegacyNOW – a digital estate lifecycle-management suite to help navigate the estate process. NotifyNOW – a service that enables utility companies, telcos, banks, insurance companies, subscription service providers and other similar organisations to give the bereaved (or the representatives of a deceased) a simple, single route with which to notify them of the death of one of their customers. InheritNOW – a range of FCA-approved financial services products that help beneficiaries and/or the professional representatives of an estate to cover the expenses of a death (and the unexpected tax burden that comes from inheriting) that need to be paid prior to the grant of probate (i.e confirmation of the legal right to deal with someone’s property, money and possessions) or Letters of Administration being granted. InheritNOW currently comprises two products:

  • an ‘inheritance tax loan’ that effectively enables the beneficiaries of the ‘estate’ to pay the inheritance tax liability (for estates valued in excess of £325,000) directly to His Majesty’s Revenue and Customs (HMRC); and
  • an ‘Advance Loan’ which is an advance on the value of the estate a beneficiary will receive once probate the estate is distributed to enable them to move on with their lives.
Service Website URL
LegacyNOW https://estate-registry.com/legacynow/
NotifyNOW https://estate-registry.com/notifynow/
InheritNOW https://estate-registry.com/inheritnow/
Sales: Name: Luke Cheadle Tel: 161 413 4890 Email: LCheadle@phillips-cohen.co.uk LinkedIn Acc: https://www.linkedin.com/in/luke-cheadle-822103132/ Press: Iona Yadallee iyadallee@gravityglobal.com +44 (020) 7330 8810