July 19, 2024

Perane Introduces Historic Legacy Search Service for Charities With One-Stop-Shop Approach

Inheritance recovery specialists Perane have unveiled a new one-stop-shop approach to streamline the coordination required between charities, executors and financial institutions where legacies are divided between a number of organisations.

The aim of the new service is to simplify processes when an individual leaves a residual estate to be divided between various charitable organisations.

If only one or two charities are the beneficiaries the process is relatively straightforward. However, more often than not, it can involve between six to ten different organisations and sometimes more, making the repatriation of funds time consuming and complex.

Specialists Perane and Co will now act as a one-stop-shop for the identification of unclaimed assets, act as a co-ordinator between the various charities and, at the same time, a single point of contact with the executor and financial institutions – simplifying communications and removing the stress from legacy managers and professional or lay executors.


Bruce Cane, CEO of Perane, (pictured above) says: “We work with the charities in order to facilitate the disbursement of these legacies. When it involves multiple beneficiaries, it is usual practice for one charity to take the lead and co-ordinate with the remaining parties.

“But navigating a process with increases in the workload for already overstretched and understaffed charities is difficult, which is why Perane can now offer this as a one-stop-shop service, removing stress from all parties involved.”


Utilising its in-depth knowledge of the dormant asset landscape and resources, Perane is able to source all the documentation, handle the paperwork and communications between the relevant charities and the executor, providing a professional service to all parties.


Cane adds: “We understand that in many cases charities are unfamiliar with what we do because this is new ground for them. Because of the technology we have developed at Perane, we are able to recover assets missed by the executors in the original winding up of an estate.

“There are huge sums involved in lost and dormant legacies, with an estimated £50bn held by financial institutions in unclaimed or lost assets. Perane has recovered and distributed £20m so far, with more funds being identified all the time.

“Our pioneering software enables us to search previously inaccessible databases showing deceased share and pension ownership. To date, we have identified more than £2m left to charitable organisations and we work hard to repatriate unclaimed assets to the charities they were left to.

“We’re always happy to talk to all charities and executors to see if we can facilitate the speedy disbursement of these funds to the organisations they were left to.”


If you’d like to know more about Perane, visit our website at https://perane.co.uk/ or call us on 01603 673260.