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19 February 2009 / Experian
Issue: 7357 / Categories: Features , Legal services , Wills & Probate , Other practice areas
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Finding a needle in a haystack

Experian explain how UAR is reuniting people with their rightful inheritance

A conservative £15bn in assets is reported to be sitting unclaimed in the . Much of it is owed to estates of the deceased, but there are many reasons why an allocation of money is separated from its rightful owner— including illness, old age, death, loss of paperwork, and natural disasters. Locating the necessary paperwork to lay a claim on the assets of a deceased person usually involves going into someone’s house and rummaging through their things—a process agreed by probate professionals as akin to finding a needle in a haystack.

Another option involves engaging in a private investigation, although this can be hugely expensive and take  several months. One crucial resource available to those carrying out probate is the Unclaimed Assets Register (UAR), established in 2000.

 

What is the UAR?

Solicitors carrying out probate to settle the estate of a deceased person must resolve all claims relating to the distribution of the individual’s

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MOVERS & SHAKERS

Signature Litigation—Catherine Naylor

Signature Litigation—Catherine Naylor

International fraud and asset recovery offering boosted by partner hire

Stevens & Bolton—Alexa Payet

Stevens & Bolton—Alexa Payet

Private wealth disputes team adds contentious probate specialist

Morgan Lewis—Paul Feldberg

Morgan Lewis—Paul Feldberg

Firm strengthens investigations and sanctions capabilities with London partner hire

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