It is reported that the value of the top FTSE 350 companies is circa £2.2TN and within this, 2.5% of shares have become disengaged from their owners.
It is known that around 20% of the adult population in the UK hold shares in some form or another, with the average holder consisting of circa three shareholdings.
Research by Equiniti plc shows that there are also 1.8m households that partake in an employee share scheme of one sort or another.
This staggering data shows the importance of including a thorough share search in addition to searches of other financial institutions before the distribution of any estate.
Inheritance Data, one of the UK’s most comprehensive Financial Asset Search providers, search a range of financial companies including banks, building societies, pension providers, savings and investments companies, DWP and now Link, Equiniti and Capita share registrars to provide a comprehensive report for you and your clients.
In one Inheritance Data search request, £1.1 Million of unknown assets was discovered for an Executor to distribute to a sole beneficiary.
At Inheritance Data we work with some of the largest estate administrators in the industry as well as many probate solicitors and other probate professionals in the UK who have reaped the benefits of our bespoke Inheritance Data Financial Asset Search.
If you work within probate or estate administration and you would you like to discover more about how financial asset searching can help you, please contact Darren Brown at email@example.com or call directly for a discussion on 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.