Undertaking an overseas bankruptcy search on beneficiaries resident overseas is the best way for personal representatives and legal professionals to mitigate the risk of claims being made against them.
A bankruptcy search is essential to ensure estate funds are lawfully distributed. Failing to perform these searches can lead to personal liability for maladministration, including wrongful distribution of estate funds. This negligence can result in personal financial losses and legal claims from creditors and beneficiaries.
Bankruptcy laws vary globally, with different durations and legal effects, making international searches crucial for comprehensive due diligence.
To protect yourself and your clients, be sure to use a competent provider. We deal with many hundreds of bankruptcy searches around the world each year in compliance with the relevant legislation and best practice guidelines.
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
Contact our dedicated Private Client team to find out more on legal@angliaresearch.co.uk or telephone on 0800 033 4034.
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.
