Unclaimed Assets Register

Today, I have been with a client discussing probate in respect of his late father's estate, whilst he believes his father has little assets it has raised a couple of issues worth noting. They are as follows;

• Unclaimed Assets
• The detection of Life Insurance Policies

Unclaimed Assets

If you are unsure as to whether the deceased has any unclaimed benefits which should be added to the estate you can check quickly by checking the Unclaimed Assets Register, the website address is http://www.uar.co.uk  For a small cost (£25 inc Vat) you can register and search for any unclaimed assets in the deceased name. The register was set up by Experian (http://www.experian.co.uk/) and to date boasts four million records with a value of around £500 million, these include life policies, pensions, dividends and unit trusts.

The Detection of Life Policies

Whilst my client was aware of where his father's paperwork is, he said that he wasn't sure whether or not any of the pieces of paper were policies or relating to policies, my advice in this scenario is for you to contact an Independent Financial Adviser, who, following you signing an authority and providing relevant documents will be able to write out to the relevant providers.

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