How to hunt down cash

Daily Mail - - Money Mail -

LOOK out for a let­ter from a bank in­form­ing you of any ac­counts that are still open in a late rel­a­tive’s name.

Don’t throw away post from a bank you don’t recog­nise with­out open­ing it.

If you re­ceive a let­ter, fill in the forms in­cluded and send a copy of your ID in the pre­paid en­ve­lope pro­vided. You should be paid in­ter­est at 8 pc on top of the balance.

You can also claim ex­penses for any costs you in­cur seek­ing tax or le­gal ad­vice. This is im­por­tant as the ex­tra money could mean you owe in­her­i­tance tax.

If you don’t re­ceive a let­ter, check old pa­per­work in case there are any doc­u­ments you’ve missed.

If you are in any doubt, call the bank and ask it to run a search for the per­son’s name, look­ing for ac­counts with and with­out their mid­dle name and in their maiden name.

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