Abandoned Asset
An abandoned asset is to be assumed, if initially no heir is known, or no claim is made. An abandoned asset may consist of a variety of valuables, such as real estate property, stocks, or money deposit.
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The circumstances that are likely to create an abandoned asset may be on grounds of historical, cultural, or even personal reasons.
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There may be no direct relatives, due to historical or family circumstances. As a result, the heirs are not aware of the deceased person.
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Another reason may be due to cultural, tax or even political reasons, the deceased person hid the property, so now it is unknown to the rightful heirs.
It may be that the abandoned asset is being handled by the Administrator General of Israel, and sometimes is not being handled at all.
Our Methods
Upon locating an abandoned asset, we do extensive research with the help of genealogical experts around the world. These experts help us to construct a family tree that shows the family history as well as the rightful heirs.
Hereby it is important to emphasize that we use only public information, and what can be seen while complying with the law. Our methods do not include hiring private investigators or using any methods which are immoral or breach anyone's privacy.
The value of the asset is irrelevant, and we work even if the asset's value is small, as we believe that any asset has an emotional importance and historical justice to bring it to the attention of the rightful heirs.
The Process
The process contains the following steps:
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Signing of the contingency agreement.
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Completion of an accurate family tree.
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Assist the heirs to obtain all necessary documents, such as affidavits, death certificate, wills and birth certificates as well as notarize and apostille these documents.
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Obtain an inheritance decree by presenting the necessary documents before the Administrator General and the Israeli decree court.
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Register the asset in the names of the rightful heirs.
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Sale of the asset and transfer the proceeds to the rightful heirs.
Results And Fee
NIR Partners charges a contingency fee, and only after money is received from selling the asset.
NIR Partners is financing the process from beginning to end, with no expenses to the heirs.