70% of Private Client Practitioners Identify Unknown Assets following Estatesearch Due Diligence Searches

Estatesearch is now the largest provider of Asset & Liability Searches in the UK and has been pioneering new data and technology to help private practitioners identify assets and liabilities since 2018. In a recent customer survey, 70% of respondents stated Estatesearch had helped them identify assets that they would have been otherwise unaware of. 

In the same survey, the company was also rated excellent or good by 97% of its clients, while 100% of respondents also stated that they would recommend Services – Estatesearch.

Estatesearch’s award-winning services are currently used by more than 3,500 legal professionals in over 1,400 firms nationwide. The firm aims to support private client practitioners deliver greater value for their clients, while helping them achieve greater efficiency and mitigate against potential risks.

Ben Furlong, Customer Services Director, Estatesearch commented:

“We know it is becoming increasingly difficult for private client practitioners to identify all the assets in an estate. Our award-winning Financial Profile Service gives executors, beneficiaries, deputies and attorneys peace of mind through comprehensive, efficient and demonstrable due diligence that mitigates risk and cost of missed assets or liabilities. However, this is just one aspect of our work. We also offer a range of services to help private client practitioners, and with no registration or subscription fees, our customers simply pay for the disbursements they need, when they need them.”

Estatesearch’s portal allows private client practitioners to access services all in one place including:

• Asset & Liability Searches
• Trustee Notices
• Will Searches
• Overseas & UK Bankruptcy Searches
• Unoccupied Property Insurance
• Early Distribution Insurance

Gina Berry, Wills and Probate Executive, MJR Solicitors Ltd commented:

“When using the Asset Search service to deal with estates they often turn up unknown assets which may have been missed by the family.”

Leonie Adams, Director, Hattens Solicitors commented:

“I feel by using Estatesearch I am using all possible tools out there to provide the most comprehensive search of a deceased’s assets to enable a complete and full administered estate from the get-go.”

As part of the survey, one solicitor revealed Estatesearch had uncovered “a savings account worth £80k plus, that the executor was not aware of,” and another was recently able to identify: “£25K of National Savings and Investments.”

Other highlights from the customer satisfaction survey included that Ease of Ordering (81%) and Quality of Service (77%) were the main reasons why clients choose to use Estatesearch Services.

Ben Furlong, concluded:

“We are delighted about the positive feedback revealed through our client survey but there is more to achieve. This year, we will be launching further solutions to help support private client practitioners involved in estate administration as we continue to lead in delivering data and technology-led solutions to the sector.”

For further information please visit: Services – Estatesearch

This article was submitted to be published by Estatesearch as part of their advertising agreement with Today’s Wills and Probate. The views expressed in this article are those of the submitter and not those of Today’s Wills and Probate.

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