COVID-19 Update: Tozers is providing our usual client services while maintaining the safety of our clients and colleagues. Full update here

Complete the form below to ask us a question or make an enquiry. We’ll get back to you via phone or email as soon as possible.

Insights

Unclaimed estates totalling £1.744bn from those without Wills

Posted on 02nd October 2020 in Probate & Wills

Posted by

Sue Halfyard

Associate and Chartered Legal Executive
Unclaimed estates totalling £1.744bn from those without Wills

It has been reported by a north-east property developer that there are approximately 7,991 estates currently left unclaimed in England and Wales. The total value of which is estimated at £1.744bn, equating to £218,300 per estate. They report that the majority of these estates have been left by single people who have not made a Will.

An unclaimed estate is essentially the assets left when someone passes away without a Will. The Government has a list of unclaimed estates which is updated regularly. An unclaimed estate remains on the list for 30 years and if not claimed then the funds pass to the Treasury. Certain family members could be entitled to the estate, although non-married partners and stepchildren are not included. A recent insight looked into as yet unclaimed estates published on the Governement webiste, and those who may be unaware that they are an heir.

The property developer was looking at this from the point of view that there is a lack of housing, however it does also highlight the importance of making a Will to ensure that your estates passes to the people who you wish to benefit rather than long lost family members that you have had not contact with for many years or you do not even know exist. In those circumstances, it can be a lengthy process to trace the family members and can be expensive.

If you would like to put a Will in place, or amend one you already have, our dedicated Wills team are on hand and happy to help. Contact them on 019392 207 020 or on our online contact form.

Contact the team

Company & Industry

Related Insights

Insights

Q&A with Karen Hillyer Chair of the Erb’s Palsy Group

Posted on 02nd October 2020 in Medical Negligence

We meet with the incredible Karen Hillyer, chair of the Erb's Palsy Group, for an engaging talk about her role and achievements as part of the Erb’s Palsy Group, advice for parents, and how Erb's Palsy Awareness Week could help achieve great results for the charity and those affected by the condition.

Posted by

Clair Hemming

Partner and Solicitor
Insights

Starting a Medical Negligence Claim

Posted on 02nd October 2020 in Medical Negligence

In a claim for clinical negligence it must be proven that the medical care fell short of that considered reasonable by a responsible body of medical opinion; and that as a result injury was suffered. If both can be proven, then financial compensation will be paid.

Posted by

Kate Stone

Solicitor