All About Estates by Emily Hubling
February 14th, 2025
Much has been written on the topic of missing heirs: how to find them, and what to do if you can’t. But what happens if you have missing assets?
Perhaps you’ve been appointed as an executor of an estate where you have very little information about the deceased’s assets. Or maybe you have an understanding that there’s a bank account at one of the big banks, but don’t have full details and aren’t quite sure how to proceed.
How do you practically move forward with an estate administration when you don’t know, well, what assets you’re administering?
Ultimately, finding missing or unknown assets requires diligence and hard work from an executor, and may extend the time required to administer an estate, but is ultimately a manageable hurdle. If anything, it should be another reminder of the importance of providing information that will assist your executor in administering your estate with ease.
Emily Hubling, Partner | Trusts, Wills, Estates and Charities group at Fasken
