Specialists highlight missed legacy bequests impacting charity funding.
- In just 18 months, £1,816,647 has been identified for UK charities.
- Perane’s new search engine reveals dormant legacies undiscovered by executors.
- Charities’ dependence on executors might overlook substantial residual funds.
- Stephen Hackett elaborates on executor liability in estate disbursement.
Inheritance recovery specialists have brought to attention significant losses faced by charitable organisations due to overlooked legacy bequests. Over the past year and a half, notable UK charities each received £125,000 from legacy gifts previously unidentified, thanks to the expert interventions of Perane.
Amidst a climate of increasing financial need, Perane has successfully facilitated the repatriation of over £700,000 to various charities. The advent of their internal search engine has enabled the discovery of £743,581 in residual funds that were overlooked in original executors’ due diligence.
Perane’s CEO, Bruce Cane, underscores the crucial role of their search technology, which grants exclusive access to otherwise unreachable databases. He remarks that without such resources, many charities remain unaware of their entitlement to dormant legacies.
In his recent legal opinion, Stephen Hackett from 3 Hare Court clarifies the enduring duties of executors. He stresses the necessity of ‘due diligence’ in asset identification and warns of potential personal liabilities for executors failing their obligations.
The findings suggest executors must remain vigilant, as ignorance or negligence can result in legal consequences. Perane’s persistent efforts ensure these funds rightfully reach their intended charitable beneficiaries, enhancing their capacity to continue valuable work.
Perane’s innovative techniques continue to support charities in recovering vital legacy funds, reinforcing the importance of thorough executor diligence.
