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Inheritance Data assist legal firm Shakespeare Martineau to uncover “lost” funds

Here at Inheritance Data, we always like to go above and beyond to assist our clients. Therefore, when Laren from SHMA spoke to us about a dilemma, we were more than happy to assist.

Working on an estate with little information and only an overseas address to go on, the team at SHMA were aware of a substantial amount of funds held within a UK Financial Institution. However, when the bank where the funds were believed to be held were contacted, they were told the account had been closed with no balance.

Having instructed a Financial Asset Search with Inheritance Data, we were able to delve a little deeper. Having originally been told the same information, the team were able to press a little further with the strong relationships built between ID and Financial Institutions UK wide since 2015.

Upon a further investigation, we were able to quickly identify the substantial holding within a “suspense account” not linked to the original account held by the deceased and not identifiable without further investigation. We were not only able to locate the “missing” funds buts assist the team at SHMA in repatriating the balance.

Lauren of SHMA said “I was extremely impressed with how quick that Inheritance Data were able to assist and help us resolve this. It sometimes felt like we were going round in circles with the bank, but we got there in the end with your help. Thank you very much”.

Operations Director, Daniel Cane said: We strive to deliver the best possible results for our clients, and this often means going above and beyond making additional enquiries to ensure the most accurate and comprehensive information is provided. Our service helps professionals to adhere to best practice to confirm vital due diligence has been conducted.

Inheritance Data continue to offer more efficient and effective probate administration solutions to help streamline the administration process.

To see how Inheritance Data can assist your private client teams, please visit www.inheritancedata.co.uk email: info@inheritancedata.com or call 01603 673250.

This article was submitted to be published by Inheritance Data 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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