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.
What is the Missingwealth Profile
Assets Search
$150
We contact financial institutions including banks, credit unions, stock brokers and transfer agents, pension plan providers, and life insurance companies. 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
Investments
Life Insurance
Pensions
Liabilities Search
$50
We contact Equifax to obtain alternate 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.
Bankruptcy
Installment Payments
Revolving Credit
Mortgages
Collections
Open Loans
Past Employers
Alternate Names
Alternate Addresses
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.
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“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.”
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 estate administration.