What bank accounts did the deceased have?

Did they have life insurance policies?  What about retirement or tax free savings accounts or any other investments?  Who is their internet and utility provider?  Did they have any credit cards, loans or debts?  Learn how the Missingwealth Profile can help provide peace of mind knowing that assets and liabilities are uncovered for the estate.  

Why you need a financial profile

Executors not uncovering all assets

Inactive bank accounts must be turned over to the Bank of Canada (BoC) after 10 years of inactivity. Many estates are wrapped up within this time causing accounts to be missed. In 2008, the BoC held $350 million which grew 52% over 5 years to $532 million in 2013. By 2022, the balance with the BoC had ballooned by more than 100% to $1.1 billion.

Provincial unclaimed property registries

In addition to balances held by the Bank of Canada, Alberta, British Columbia, Quebec, and New Brunswick have their own unclaimed property registries that have grown significantly and now have a collective balance of more than $750 million.

Unclaimed RRSP, pensions, life insurance

There are many financial assets that are not currently captured by the BoC or provincial unclaimed property mandates including pensions, life insurance policies, and stocks. Ontario alone is sitting on $3 billion in unclaimed pensions.

What is the Missingwealth Profile

We contact over a hundred financial institutions including banks, stock brokers and transfer agents, pension providers, life insurance companies, and government unclaimed property registries. We also contact the Canada Revenue Agency (CRA) to obtain past tax slips to establish relationships with financial institutions and check for real estate property. We round out the profile with data from an Equifax credit report including other names and addresses the deceased may have gone by, a listing of former employers and a comprehensive view of liabilities including revolving credit, mortgages, installment payments, open loans, and any records of bankruptcy or collections. An initial report is delivered within 5 business days and a final report is sent after 30 business days which includes responses from financial institutions.

  • Banks

  • Credit Unions

  • Stocks

  • Pensions

  • Life Insurance

  • Alternate Names

  • Alternate Addresses

  • Past Employers

  • Revolving Credit

  • Mortgages

  • Installment Payments

  • Open Loans

  • Bankruptcies

  • Collections

  • CRA Tax Slips

  • Property Search

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Our customers love our service

“What truly sets Missingwealth apart is their unwavering dedication to their clients’ needs. They approached our case with a level of diligence and care that surpassed my expectations. Knowing that I had their support gave me the confidence and peace of mind necessary to navigate through a challenging time.​”
— Sarah H.

Sample Missingwealth Profile

Fill out the form to get a sample report of what to expect with the Missingwealth Profile. If you’re already working with an estate lawyer, we’d be happy to discuss with them how using the Missingwealth Profile can help with the administration of your estate. If you’re not currently working with an estate lawyer, we’d be happy to refer you to one of our trusted partners.