Page 26 - PIC Magazine Issue 21
P. 26

Joe Lander, Business Development Manager at Anglia Research.
Professional deputies frequently instruct us to find contact details for named and unnamed beneficiaries, and to conduct the genealogical research necessary to draw up
a verified family tree for their client. This enables the completion of the required supporting documents that must accompany a Statutory Will application to the Court of Protection.
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Email: Call: 01473 350 350
   This application must include:
The family details of the person to whom it applies - these details must include full names and dates of birth of next of kin and should be presented in the form of a family tree.
The full names and addresses of any existing or prospective beneficiaries who will be affected by the application. Where no will already exists, these prospective beneficiaries are P’s next of kin, and would normally inherit their estate through the laws of intestacy.
All of this is usually undertaken in “stealth mode” – effectively undertaking the research without alerting the immediate family. This can make the job more challenging and time consuming, though of course still achievable.
Whilst this covers off one vital aspect, what about P’s assets? Again, a Deputy is faced with the same issue of not being able to seek this information directly from their client. So, whilst some information relating to this may come up as a matter of course, most likely via
a carer or family member, how can a Deputy be sure that all financial assets have been identified?
The Deputy of course has a duty of care towards their client to help them make better informed decisions on their behalf. Undertaking a comprehensive Financial Asset and Liability Search might not only be considered best practice, but it can save a world of worry further down the line.
A fully automated, specific search suitable for use in Court of Protection matters will help identify financial assets on behalf of a living person.
When ordered, this search will look to discover any financial assets that are in P’s name, whether that be a bank account, savings, or other investments. In fact, it will also hunt for any dormant account. The search contacts over 200 financial institutions, helping the Deputy achieve all reasonable due diligence much more efficiently.
In addition to contacting various institutions, such a search can include a check of the persons credit data providing real time information on open and closed accounts, and the premium search
option we offer includes an Anti-Money Laundering Check, a search of Companies House for Company Directorships and a number of additional institution enquiries for complete peace of mind.
All available to be ordered securely online, the results are returned within 30 working days, with an alert being received each time a significant result is found. With access to the online dashboard, the Deputy
can also check the status of the search at any point in the process.
Given the obvious rise in importance of asset & liability searches in meeting evolving best practice, we have teamed up with market-leading provider Estatesearch to offer the very best Financial Asset and Liability Search options via Anglia Research’s new online portal, offering preferential rates to new and existing clients.
How can a search be ordered? Given the online nature of the searches, the only way to access the full range of options is to register for an account. Once this has been done and the account initiated, the ordering of searches and checking in on existing orders can begin.
A full financial asset and liability search really is the most efficient way to discover all of P’s assets and can give peace of mind for all concerned.
Getting started couldn’t be simpler.
If you need to discover what assets your client has for the purposes of a Statutory Will application or require any other genealogical assistance, please do get in contact with us via the details below:
Partners In Costs

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