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Are Your Assets In Order?
Research reveals the British public do not have their financial assets in order ...
- 3 out of 4 people in Great Britain do not have a Will that clearly documents their current financial assets!
- 1 out of 5 people surveyed said it would not be easy for their spouse or family to uncover all of their financial assets!
- A staggering £15 Billion worth of assets remain unclaimed in the UK!
Recent research undertaken by Landmark Information Group reveals that 73% of Brit's do not have a Will that sets out their current financial assets clearly, including pension plans and life insurance policies.
When one considers that more than £15bn worth of assets remain unclaimed in the UK, most of this money is likely to be unknown to those entitled to it.
The majority of Brit's expect someone else to take care of their affairs but 1 in 3 have been identified who welcome a search service to assist in the discovery of assets.
A new facility launched by Landmark (www.landmarkfas.co.uk), enables executors to identify potentially lost or forgotten assets.
James Sherwood-Rogers, MD of Landmark Information Group (Legal & Financial), says: “It is alarming to hear how many individuals do not have their financial assets clearly documented and it is no surprise there are so many unclaimed accounts and [insurance] policies in the UK.
"With many of these lost, forgotten, or simply unknown to those entitled, an electronic search can help executors and beneficiaries have confidence that all assets are identified.
"Landmark FAS can prove invaluable in this process as it is the most comprehensive search of its kind. It’s quick, easy and affordable; many firms have identified financial assets which would not otherwise have been identified since they started using the Landmark FAS service".
To find out more about Landmark FAS visit www.landmarkfas.co.uk or call 0844 844 9967.
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