At our recent Estatesearch Canada webinar, Canada’s Missing Billions: Unclaimed Assets, Risk and Best Practice for Estate Practitioners, we polled dozens of legal professionals to understand how this hidden challenge is impacting real-world estate administration.
Canada’s Missing Billions: Why Estate Professionals Need to Act
Did you know that over $9.8 billion in financial assets across Canada are currently unclaimed — and that number could potentiall exceed $20 billion?
That’s not just a government issue — it’s a professional liability concern.
What We Learned from Canadian Estate Lawyers
Some eye-opening results:
- 94% of estate professionals believe it’s getting harder to identify all assets and liabilities.
- Only 6% said their clients are very confident they know where everything is.
- More than half had discovered missed assets or liabilities after estate distribution.
This reinforces what we already know: even experienced practitioners are vulnerable to missed accounts, digital assets, old pensions, or outdated records.
The Risk of Missed Assets
Failing to identify all estate assets can lead to:
- Additional administration and cost
- Personal liability for executors and legal advisors
- Breaches of fiduciary duty
- Reputational and compliance consequences
And importantly, “I didn’t know” isn’t a defence when a beneficiary or creditor resurfaces with a claim.
The Best Practice Solution: Financial Profile Service
Estatesearch’s Financial Profile Service is designed to reduce risk and deliver clarity.
- Access to 150+ Canadian financial institutions
- Cover an additional 50+ digital asset platforms with our bolt on service
- Quickly uncovers savings, investments, life insurance, pensions, and liabilities
- Demonstrates robust due diligence and protects your clients and your firm
Whether you’re working on a straightforward probate or a complex estate, a Financial Profile report ensures no stone is left unturned.
Missed the Webinar?
If you weren’t able to attend live, the full session is now available on demand here:
👉 Watch Canada’s Missing Billions
Want to See How It Works?
Book a free demo of the Financial Profile Service and explore how we can help you protect your clients — and your practice.