Bankruptcy Search Services for Personal Representatives and Probate Lawyers
It is necessary for personal representatives or their probate lawyers to undertake a bankruptcy search in relation to a beneficiary before making any inheritance payment to them. This includes beneficiaries living abroad!
This is because personal representatives have a duty to ensure that a beneficiary can legally receive the payment before sending funds to them.
If a beneficiary is subject to bankruptcy proceedings they may not legally be entitled to receive the inheritance payment and the personal representatives could then be personally liable.
Where a beneficiary lives in a foreign country, the bankruptcy search should be conducted in their country of residence. It can however be difficult to accurately ascertain the bankruptcy status of an overseas beneficiary.
This is where we can help!
We have the knowledge and expertise to competently conduct the necessary bankruptcy search in the required country and will provide a report of the search results for your file.
We regularly assist legal professionals to ensure that they meet their professional obligations and mitigate any risk for them and their clients. We can also assist executors/ administrators directly.
Our experienced team offers a friendly, fast and reliable service and are on hand to assist with any queries that you may have. Have a question or need a quote? Feel free to get in touch!
We look forward to assisting you!