Title Research’s blog explains the importance of understanding the process of escheatment.
Dealing with US assets can be difficult in the best of circumstances.
However, these difficulties can become much more complex when assets become escheated, which takes place when a US account becomes dormant for a period of time specified by state law, typically between three to five years.
Title Research’s blog on the topic explores the process of reclaiming escheated funds through their extensive experience, and looks closely at how escheatment can affect UK shareholders, who are often unacquainted with the complicated process.
Title Research provides a range of genealogical research and asset repatriation services for legal professionals. Their services are designed to streamline the estate administration process, to take the effort out of locating the correct people or assets, and to mitigate against the risk of future dispute or complications. If you have any questions about genealogical research, asset repatriation or how you can work with Title Research, call them on 0345 87 27 600 or email [email protected].
This article was submitted to be published by Title Research as part of their advertising agreement with Today’s Wills & Probate. The views expressed in this article are those of the submitter and not those of Today’s Wills & Probate.