Combined Financial asset and liability search
Having partnered with leading credit data provider Equifax, we are pleased to offer our comprehensive Liability Search.
Professional Executors or Administrators, Deputies or Attorneys are duty-bound to identify and settle any estate debts and liabilities. If the deceased has any liabilities that are not clear at the time of passing, any creditors can claim payment from the Legal Representative or from funds paid to beneficiaries.
To help identify estate accounts and mitigate against the risk of missed debts or liabilities, and assess potential solvency before applying for the Grant, our Credits & Liabilities Search performs an electronic check of digital credit data held by Equifax. The Liabilities Search is quick, precise and easy to understand including information on;
Bankruptcy, CCJs, and IVA
Previous Names, Previous Addresses and Financially Connected Persons
Open and closed current accounts, credit cards, mortgages, pay day loans and more.
The completed Liabilities Search will be available 24 hours and identifies the account provider, account reference, account open and closing dates, so you can gain a better understanding of the client’s financial status and make relevant enquiries to prevent debt accrual. By identifying account providers, the report also helps signpost potential estate assets and savings
Executors have a duty to locate all the assets due to an estate and must be able to demonstrate that they have conducted a thorough search of where assets may have been held by the deceased.
Inheritance Data offer a comprehensive search for all assets that are due to an estate and offer Executors and Administrations peace of mind whilst fulfilling their professional duty.
Our service helps to;
Perform due diligence when undertaking your duty as Executor or Administrator.
Reduce risk of locating assets in the future and incurring expensive legal costs.
Reduce administration time whilst ensuring all relevant financial institutions are contacted.
Uncover accounts & policies that may not have been known to the family or Executor.
Benefit from our expertise in inheritance recovery, asset reunification and data handling.
Detailed online reports provided, showing the next steps and status of each account.
Maximise estate value in a cost-efficient way.
Mitigate HMRC fines for understated Inheritance Tax.
We search a comprehensive list of banks, building societies, investment managers, share registrars, pension providers life assurance companies and more to uncover any type of account or policy.
The asset search will investigate the following institution types and aim to uncover lost, dormant or active accounts.
