Finders Missing Asset Service may help Administrators, Solicitors and Executors of wills increase the value of an Estate. Typical missing assets include Bank or Building Society accounts, insurance policies, shareholdings, pension funds, land and buildings.
Our Missing Asset Service draws together all the resources that can currently be checked for unclaimed assets and will help you check for funds that may have been overlooked or deposited in accounts that have been forgotten, including searches of:
- Pension providers and the Department of Work and Pensions
- Over 200 financial institutions
- UK Shareholdings – over 15 million records
Risk Management & Compliance
Probate practitioners should be aware of the potential consequences of failing to identify all financial assets during an Estate administration, please note:
- Administrators or Executors failing to comply with the new Inheritance Tax (IHT) penalty regime risk having to pay penalties and additional tax and firms advising them could face claims for negligence.
It is vital that practitioners properly inform Administrators or Executors on asset identification and of the potential consequences of inaccurate IHT returns.
To find out more, or to initiate searches or obtain a quote for missing asset searches, please contact us.
