In banking terms a bank account is dormant if there has been no customer activity within a set time period; usually between 3 and 15 years. Most banks will write to the customers asking if they wish for the account to remain active. However, in most cases the client cannot be reached and the dormant funds remain there. This is when a Probate Researcher steps in.
We can locate the current and rightful owners of dormant accounts held by banks, building societies, insurance companies and trusts. We can also track down missing shareholders and pension fund holders.
If you simply cannot locate the account holder, we are able to trace them and contact them on your behalf. We can also determine whether or not they are deceased and track down the legal beneficiaries to the funds.
What is it? – We locate lost bank accounts and owners of lost bank accounts that cannot be located otherwise.
Why do we do it? – This is another long-winded job that can take considerable amounts of time to complete. For that reason, many solicitors and legal bodies would prefer to pass this job to trained professionals that can complete it quicker. In addition, we are trained professionals that know how to know how to locate these funds with high levels of success.
How long does it take? – This is case depending, but can take up to 2 months.
Blanchards offer an extensive selection of services to the legal sector. From beneficiary tracing to bankruptcy searches, we work on hand with Solicitors and other Legal Profesionals to provide an expert and stress free service. Please view our other legal services. We look forward to working with you.
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