Section 27 of Trustees Act 1925 gives the right to the trustees to safeguard themselves from any claims or liabilities while distributing or conveying a questionable property. They can do so by publishing the notice in Gazette and local newspapers as per the specifications mentioned in the section. The period of notice is set to 2 months within which any concerned person can convey their claim to the trustee.
Placing a notice demonstrates that all steps have been taken to identify potential creditors prior to distributing estate funds.
Failure to place a Section 27 Gazette Notice could result in the Personal Representatives becoming personally liable for any potential liabilities to creditors of the estate.
Section 27 notice £85 + VAT
Section 27 Local Advertisement £POA
FROM £85 + VAT