When someone dies in the UK and you are acting as the Executor or personal representative, it is important that you locate and identify all their possessions and financial holdings. This process is called a deceased assets search. It’s essential for several reasons:
Thankfully there are services that our partner Inheritance Data can provide to help with this such as:
Remember, conducting a thorough deceased assets search is crucial for ensuring the proper administration of the estate and fulfilling legal obligations. If you have specific questions, it’s best to consult with a probate practitioner.
You can find a list of all the deceased assets searches to consider on our Asset Search web page.
If you are acting as either an executor (if there is a Will) or personal representative, sometimes referred to as an Administrator (if there is no Will), there are a number of risks for you to consider. These risks can apply to you and the beneficiaries.
To help you understand these risks and what can be protected by an Insurance policy, we have written a guide to Executor Insurance which may be useful to you. It explains the risks you face, the types of policies that can be purchased and at what stage in the Probate process.
I hope this guide has helped you understand what is involved in a deceased assets search.
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