Enhanced Due Diligence For Estate And Probate Lawyers.

We use Estatesearch’s Financial Profile search ordered through the free, secure portal, on every case where we are executors. This protects our firm and limits liabilities. We would also conduct a Will Search as standard practice too and await the results to ensure we are the appointed executors according to the Will before instructing the asset search.

The searches themselves can always throw in surprises. We had one case where ... an investment company wrote to us letting us know they had made a mistake and an account did in fact exist for the deceased. In this instance we could prove our due diligence and show we had done all that we could do to identify assets within the estate through Estatesearch’s Financial Profile Search at the time, and that the investment company was at fault. We were easily able to resolve the matter.

We now use Estatesearch’s Will Bank Management service for any orphaned Will Banks we purchase, and also for our own records. Following Estatesearch’s screen and cleanse, the ongoing notification phase is particularly helpful as every month Estatesearch notifies us if anyone has passed away or moved house ... This process not only improved the accuracy of their Will Bank but also reconnected Southeast Legacies with many existing clients in need of further support.

At Jackson Lees we offer a comprehensive service to help and support families when they have lost loved ones. For clients who only need help with a Grant of Probate, we also recommend they instruct an asset and liability search. Many take advantage of this option. Using Estatesearch’s services means we can demonstrate due diligence. Our best practice approach also gives all our clients peace of mind that assets won’t be discovered, at a later date, which helps avoid any associated IHT implications that might bring.

As an organisation, we aim to continue to expand by taking on more Will Banks from financial advisors or other retiring professionals. It would have been difficult to manage the influx of much more work without Estatesearch’s Will Bank Management services. Now, with Estatesearch’s help we are confident we can efficiently update orphan storage banks and communicate appropriately with our clients as our firm grows.

At Elite Law Solicitors, we always aim to provide a comprehensive service and best advice, tailored to our clients’ needs. Estatesearch’s reports and services support us and mean we can do an even better job for our clients. We highly recommend Estatesearch.

One of the main challenges is the identification of all the assets within the estate. It is daunting for many clients to try to wrap up the financial affairs of a deceased family member, where they may not have all of the details. We use Estatesearch for share valuations and sales, and for the placement of statutory notices. We also use Estatesearch’s Financial Profile Search to contact financial institutions to confirm if the deceased held an account, which then enables us to make further enquiries about the nature of the assets.

Our firm’s approach is one of social purpose, where we use our experience to help clients as best as we can. Completing the searches and using Estatesearch’s range of services adds a layer of certainty for our clients, ensuring they are satisfied that everything has been dealt with correctly and there will be no surprises in the future.

Using Estatesearch’s secure, online portal for ordering searches is easy. I like the way multiple addresses can be input which is useful if the deceased moved frequently during their lifetime. It is a cost effective method of contacting a broad range of financial institutions and so the search means we can offer a more comprehensive service to our clients.

Out of the blue, Estatesearch flagged an unknown policy. When I made further enquiries, it was confirmed as a £265k life insurance policy which paid out to the estate. It was a big windfall for the charitable beneficiaries and really underlined the importance of completing an asset search as there had been no other evidence of this policy at all. As executors, it also protected our firm too in ensuring all assets had been found.

The Estatesearch Financial Profile Service gives us a comprehensive and robust due diligence process at the click of a button. Using a combination of data and technology goes beyond what we could reasonably achieve otherwise and Estatesearch have helped us identify additional assets in difficult Court of Protection matters.

We're very happy with the services provided by Estatesearch and find the Financial Profile Service a valuable tool in assisting our clients. In one recent matter undertaking the search meant we discovered an additional £2,500 which we would have otherwise been unaware of, needless to say the beneficiaries were happy with the outcome.

The Estatesearch process is simple and accessing several services in one portal saves so much time. The Financial Profile Service is really useful and great value, supported by excellent customer service. As a firm regularly acting for overseas PRs the Search can be invaluable for discovering UK assets and liabilities. I wouldn’t hesitate in recommending the service to my clients.

We use the Financial Profile Service when appointed as Executors to help us clearly demonstrate we’ve met all our statutory duties. The report is clear and easy to use, helping us quickly make targeted additional enquiries to secure estate assets when required.

The Financial Profile Service helped us efficiently confirm all the estate accounts, and in our latest matter identified a historic pension adding greater value for the beneficiaries and our clients.

The Estatesearch team are always willing to go the extra mile to help us with our cases and enquiries, using their knowledge and expertise to help us deliver an excellent service while reducing costs for our clients.