Lamport Bassitt Solicitors - Legal News - Consumers 'can track down lost inheritances'


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Consumers 'can track down lost inheritances' Consumers who believe they may have a relative who has left unclaimed assets have been advised to try to track them down. A This is Money article noted that each year, thousands of people die without having a will in place. Those who have a family member who passed away within the last 30 years under such circumstances may be able to claim the lost wealth, the news source said. Although the sum automatically goes to the Treasury, money can be reclaimed if potential beneficiaries step forward. Private firms and a free government service can be used to help in the process of tracking down wealth in this way. This is Money remarked: "There is quite a bit of cash up for grabs, although most payouts are less than £10,000." Meanwhile, businessman Jeremy Toeman recently suggested that people should bequeath passwords for online accounts to their relatives as part of their wills to ensure that cash and personal information are not lost, the Financial Times reported. Related Articles: 17/5/2012 - Discussing death remains taboo as wills and inheritance tax planning suffers 11/5/2012 - Queen's Speech legal reforms welcomed 4/5/2012 - Create Lasting Power of Attorney before it's too late 2/5/2012 - Support for will writing regulation grows 25/4/2012 - Inheritance tax planning could net �450m a year in savings More Individual Legal Services News