Nothing can prepare you for losing a loved one. Those days and weeks after the death, when you tend to their belongings and get things in order, will never be easy. It’s no surprise that many things, including assets, get missed during this time; this blog looks at things that can easily be forgotten but could be of high value when dealing with a deceased loved one’s estate.
Cashback Accounts
Many different websites and apps offer cashback if you choose deals and companies through their site. TopCashBack, Cashback.co.uk and Rakuten are three popular examples. You can make hundreds of pounds using these sites, and many people let it build up. Try looking at phone apps or typing the names of cashback companies into the deceased person’s email account.
Paypal
PayPal has 329 million users worldwide. Many people use it for online payments – both sending and receiving. You can potentially hold unlimited amounts in Paypal, so checking if your deceased loved one has an account is important.
Selling Sites
Selling platforms, such as eBay, Vinted and Depop, hold your money for a period of time before either releasing it automatically or waiting for a request. If the deceased had any selling accounts, you should check for pending funds in the accounts.
Digital Currency
Cryptocurrency is increasingly popular, and many people hold large amounts of it in online accounts. These are classed as assets and will need to be dealt with as such.
Online Savings Accounts
People can use savings accounts with banks and building societies such as HSBC, Nationwide, Santander, etc., as well as other savings accounts with ISAs and pensions. One example is Moneybox, an online savings account that rewards you for saving towards either your first home or your pension in the form of an ISA.
How to Find Hidden Assets
In an ideal world, we would all have easy and clear directions to all online or hidden accounts, passwords, and login information. However, that is not realistic in most cases. You could look through physical paperwork, but most things are digital now. Another excellent method is to log into the deceased’s email account and search for keywords. Many companies will hand over access to accounts upon proof of death.
If you require help with estate planning, you should contact a professional, such as Intestacy Rules.