When a loved one dies we all have a mixture of emotions and thoughts and, probably, the last thing we want to think about is dealing with all their belongings. But it is important to understand the process in dealing with a deceased’s estate. The legal process for dealing with the estate of someone who has passed away is called ‘Probate’. Continue reading
Genealogists review the Bona Vacantia list daily, to check the latest intestate estates which have been published in the UK. But how many of those estates might have hidden assets trapped within them? Are you ensuring that you are following the best practice procedures and searching for assets which belong to the estate?
Asset searching was engineered as an innovative technique to modernise estate administration and to assemble the assets which are owed to a deceased estate during probate. We have spoken in the past about why deceased individuals may have lost assets in their accounts, but there has been some confusion over the type of assets which are investigated during a search. Continue reading
In a technologically developing world, the modernisation of traditional working methods will help to increase the success and capacities of 21st century businesses. By innovating outdated techniques, industries will be able to boost productivity and concentrate their efforts on other fronts. The probate industry is already reaping the benefits of the latest asset searching strategies.
For decades, probate has been a time consuming and manually driven process which has been unable to profit from advances in technology.
Many people breathe a sigh of relief after writing their will. Deciding where the contents of your estate should be distributed can be stressful, but it’s vital to have a will in place so that your wishes are carried out accordingly. By failing to make a will, you are in danger of dying ‘intestate,’ meaning the people you wish to benefit from your estate could end up empty handed.
Over half the UK population have not prepared a will.
Solicitor.info will be re-launching in 2018 to give consumers a simpler and fresher way to finding and approving legal professionals in their area by using client reviews and data.
The UK’s number one solicitor comparison site, which was founded in 2007, is soon to reach 3 million hits and averages 60k page-views/month. It also won an award for one of the 10 best info sites in 2011.
Thousands of adults pass away each year without writing a will. In fact, Kings Court Trust estimate that two-thirds of the British public haven’t written one yet. The absence of a will can make things complicated during probate. Without a will in place, it can be possible for unclaimed assets to avoid detection by administrators, resulting in them being missed from the estate administration.
Since opening for business, Inheritance Data have enjoyed going from strength to strength. 2018 has been the busiest year yet and ID have already carried out a record number of annual searches for their growing number of registered probate solicitors.
To reflect the direction and ambition of the company, Inheritance Data have relocated to a bigger office to grow and prosper within. Still in the heart of the beautiful Wymondham town in Norfolk, the larger office provides ample room to flourish. Continue reading
Investigating into a deceased’s finances is a large part of a probate solicitors job during estate administration. But did you know that there is reported to be up to £15 billion of unclaimed assets in the UK?
How is there such a big pot of cash hidden within financial institutions and why does unclaimed money not always surface during probate? Continue reading
On average, roughly half a million people die every year in the UK and probate solicitors administer between 40%-50% of the deaths as probate cases. Probate solicitors work with heavy workloads in extremely sensitive situations and are required to have high standards of legal, accountancy and personable skills.