header-logo header-logo

19 February 2009 / Experian
Issue: 7357 / Categories: Features , Legal services , Wills & Probate , Other practice areas
printer mail-detail

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

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

Clyde & Co—Suriya Ashok

Clyde & Co—Suriya Ashok

Clyde Co strengthens energy transition and construction offering with hire of Suriya Ashok

Jurit—Nicole Gallop Mildon

Jurit—Nicole Gallop Mildon

Jurit appoints rare dual-qualified lawyer to expand Anglo-French private wealth expertise

NEWS
The Financial Reporting Council’s revised Audit Enforcement Procedure will alter the balance of power in corporate investigations
A telecoms operator may be able to hold over under the Landlord and Tenant Act 1954, yet still be unable to secure a renewal: an outcome described as a legal ‘paradox’

Safety fears do not automatically justify shutting an interested person out of a statutory will application

Consumer credit law is heading for its biggest shake-up in 50 years, with the Consumer Credit Act 1974 set to yield much of its detailed statutory machinery to FCA rules
The Supreme Court has settled a long-running dispute over part-time workers: unfavourable treatment need be a significant or effective cause, not the sole cause
back-to-top-scroll