It is estimated that billions of pounds worth of unclaimed assets are currently sitting in dormant UK savings accounts, pensions, policies, and investments.
The problem is set to be exacerbated by the fact that much of our life, both personally and financially, is now conducted online. This makes locating assets of the deceased more difficult, as it is often the case that no physical paperwork exists.
Contact our Asset Tracing Team at Taylor Emmet Solicitors
Our trusted team will guide you through the process to ensure an efficient service and get you your desired results.
The UK Government has recently announced that more types of dormant and unclaimed assets are set to be added to the Dormant Assets Scheme to be used for good causes. Is therefore now more important than ever that unclaimed and dormant assets are repatriated to their rightful owners.
How we can help
The Inheritance Tracing team at Taylor Emmet can help individuals, attorneys, executors, and personal representatives search for and claim unknown assets.
Working with our specialist partners and using our unrivalled investigative techniques, we have particular expertise on cases where limited initial information is held.
Our comprehensive search also ensures that executors and personal representatives can demonstrate due diligence and avoid claims from disgruntled beneficiaries, or penalties and interest from HMRC when submitting the Inheritance Tax (IHT) return.
What we can do
- We can help search for lost and dormant bank and building society accounts, investments, and policies.
- We can help trace and claim missing shareholdings for private and public companies.
- We can help identify and claim missing pension funds.
- We can help reclaim assets that have been transferred to the Dormant Asset Scheme.
- We can help claim estates and assets of dissolved companies that have become bona vacantia (also known as ownerless goods).
- We can help recover monies which have been paid into Court, such as under a property repossession or unclaimed legacy.
- We can help with claims involving monies due as a result of a missing freeholders or absent landlords.
