Inheritance Data

Exciting update coming.

Our system shall be unavailable for approximately one hour whilst we make some important changes. For any queries, call us on 01603 673250 or email [email protected].

Duties as an executor

As executor, you have several responsibilities and duties. It’s crucial to fulfil your obligations correctly, as you are legally responsible for administering the estate in accordance with the will and law.

Failure to do so can leave you personally liable.
One of your duties as an executor includes searching for known, unclaimed or lost assets. This involves contacting all relevant financial institutions and gathering accurate information on the deceased’s estate.

You may not know where to start or have the time to do this. If this sounds like you, you may benefit from the Inheritance Data Financial Asset Search service.

We offer a fully tailored Financial Asset Search that maximises search efforts, exposes lost accounts or life assurance policies, and minimises your liability as executor.

By ensuring you have the most reliable and in-depth information about the deceased’s assets, it significantly cuts the risk of your financial liability for an error that results in a loss to the estate or potential legal costs over an inheritance dispute.

Get in touch with Inheritance Data to see how we can help you.

Visit our website www.inheritancedata.co.uk or call 01603 673250

Financial Asset Search – not sure you need one?

Did you know….

Those born in the 1930s or 40s might have had a distrust of financial institutions due to the Depression and wartime, meaning they didn’t keep their hard-earned money in the one place.

Finding money across multiple or forgotten about accounts is one challenge executors must face.

For older couples, it was also traditional for men to work and for women to be homemakers. Women tend to live longer than men do but might not have overseen their joint or personally owned finances.

A Financial Asset Search can uncover any hidden accounts.

Get in touch with Inheritance Data to see how we can help you.

Visit our website www.inheritancedata.co.uk or call 01603 673250

Unclaimed assets are increasing every year

There is an estimated £200 billion in dormant accounts held by UK financial institutions. Whether it is from banks or building societies, shares and dividends on the Financial Times Stock Exchange, life policies or premium bonds dating as far back as the 1950s.

The figure is increasing year-on-year as executors are not aware of bank accounts and pension pots that, during lifetime of the now deceased, became “lost”.

If people forget about accounts and the company cannot get in touch with the owner, then unclaimed money can be transferred to the State after 15 years. Companies grow, merge, go bust and change names, and people change jobs and can hold a number of accounts and policies, making it difficult to focus your efforts in the right place.

Our tracing service looks in all possible corners to uncover lost wealth.

Get in touch with Inheritance Data to see how we can help you.

Visit our website www.inheritancedata.co.uk or call 01603 673250