In an increasingly global world, relying solely on UK bankruptcy checks is no longer enough. With a rising number of beneficiaries living abroad and bankruptcy laws differing by jurisdiction, the risks to professional executors are real.
A bankruptcy search is essential to ensure estate funds are lawfully distributed. Failing to perform a search can lead to personal liability for maladministration, including wrongful distribution of estate funds.
Bankruptcy laws vary by territory, making international searches crucial for comprehensive estate administration due diligence. But what are some of the differences in bankruptcy laws around the world?
Read our comprehensive article which gives an international view:
https://bit.ly/globalbankruptcysearch
Undertaking an overseas bankruptcy search on beneficiaries resident overseas is the best way for professional executors to mitigate the risk of claims being made against them.
Probate practitioners should use a competent and reliable provider of these searches. We have completed many thousands of bankruptcy searches in territories all over the world in compliance with the relevant legislation and best practice guidelines.
Contact our dedicated Private Client team to find out more on legal@angliaresearch.co.uk or telephone on 01473 350 350.
Supporting Private Client Practitioners
Anglia Research is an award-winning probate genealogy and people tracing firm offering a range of services that assist Private Client practitioners with estate administration and Court of Protection matters, such as:
- Finding missing beneficiaries named in a will
- Locating legally entitled relatives in intestacy cases
- Family tree verification and full Statutory Will research
- Providing fixed-cost international bankruptcy searches
- Undertaking financial asset and liability checks in the UK
- Accessing missing beneficiary indemnity insurance quotes
This article was submitted to be published by Anglia Research 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.
