header-logo header-logo

Finding a needle in a haystack

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

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 property according to their will.

The UAR

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

NLJ career profile: Liz McGrath KC

NLJ career profile: Liz McGrath KC

A good book, a glass of chilled Albarino, and being creative for pleasure help Liz McGrath balance the rigours of complex bundles and being Head of Chambers

Burges Salmon—Matthew Hancock-Jones

Burges Salmon—Matthew Hancock-Jones

Firm welcomes director in its financial services financial regulatory team

Gateley Legal—Sam Meiklejohn

Gateley Legal—Sam Meiklejohn

Partner appointment in firm’s equity capital markets team

NEWS

Walkers and runners will take in some of London’s finest views at the 16th annual charity event

Law school partners with charity to give free assistance to litigants in need

Could the Labour government usher in a new era for digital assets, ask Keith Oliver, head of international, and Amalia Neenan FitzGerald, associate, Peters & Peters, in this week’s NLJ

An extra bit is being added to case citations to show the pecking order of the judges concerned. Former district judge Stephen Gold has the details, in his ‘Civil way’ column in this week’s NLJ

The Labour government’s position on alternative dispute resolution (ADR) is not yet clear

back-to-top-scroll