Many people lose track of accounts when they move house, misplace statements or even change computer and forget to update their login details. Tracing these lost assets can be complicated, particularly after banks or investment companies merge or rebrand.

 

Share, record, research to avoid lost assets

Even if you have kept a meticulous record of your finances, it’s important to make sure family members know how to access them. Recent research suggests that one in seven people take hidden assets to the grave, as family members don’t know about long-lost savings accounts.

Avoid your hard-earned savings getting lost by updating your will, making sure executors have a copy of all financial accounts – or nominate a charity for some of these funds.

To track down lost accounts contact mylostaccount.org.uk – an online portal that traces old bank, building society, and NS&I accounts.

 

Wealth planning to provide for your loved ones

We offer a range of wealth planning and pension planning services. For impartial advice from an independent advisor, get in touch and we’ll be more than happy to discuss your existing provisions and future plans.

 

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Wealth planning

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