Protecting and Securing Financial Assets with VERAFI

When someone lacks the capacity to manage their financial affairs, it's essential to locate and secure all financial assets to ensure they are safeguarded for their future. The VERAFI Financial Asset Search service helps Court of Protection deputies and attorneys locate financial assets that belong to individuals under their care.

What is VERAFI Financial Asset Search?

VERAFI is a professional service that searches for financial assets across the UK to ensure that all accounts and investments held by a living individual under the Court of Protection are identified and properly accounted for. This service is particularly useful for those acting as deputies or attorneys, assisting them in their duty to protect the assets of vulnerable individuals.

How VERAFI Financial Asset Search Supports the Court of Protection

Comprehensive Search
VERAFI conducts  the same exhaustive search as our Financial Asset Search,  to identify various financial assets, including:

• Bank and building society accounts
• Investment portfolios and ISAs
• Pension schemes
• Insurance policies
• National Savings & Investments (NS&I)
• Other relevant financial products
• Crypto Currency
• Digital Assets

Ensures Full Disclosure of Assets
With VERAFI’s extensive network, you can rest assured that even lesser-known or forgotten assets are uncovered. This prevents any unclaimed or hidden financial resources from being overlooked.

Detailed Reporting
After a thorough search, VERAFI provides a detailed report listing all discovered assets. This report offers transparency and makes it easier for deputies and attorneys to fulfill their obligations to the Court of Protection.

Legal Compliance
By locating all financial assets, deputies and attorneys can better meet the Court of Protection’s requirement for full disclosure, ensuring that funds are effectively managed in the best interests of the individual.

Who Can Use This Service?

VERAFI’s Financial Asset Search is designed for:

Court of Protection Deputies
Appointed by the court to manage the property and financial affairs of someone lacking mental capacity.

Attorneys
Those with a Lasting Power of Attorney (LPA) for financial decisions, acting on behalf of an individual who can no longer make decisions themselves.

How the Process Works

Submit a Request
Deputies or attorneys can submit a search request to VERAFI by providing basic information about the individual whose assets need to be located.

Comprehensive Search
Once authorised, VERAFI conducts a thorough investigation across financial institutions to uncover all relevant assets.

Receive a Report
At the end of 50 working days, a comprehensive report is generated, listing all assets discovered, including details on account type, any known balance, and institution along with any institutions requesting direct contact or further information. This report is invaluable for completing necessary forms and reports for the Court of Protection.

Regular Updates
VERAFI keeps you informed throughout the process, providing regular updates as matches are received to ensure complete transparency.

Why Choose VERAFI Financial Asset Search?

Professional and Confidential
VERAFI ensures confidentiality throughout the search, adhering to strict data protection protocols to safeguard all personal information.

Efficient and Reliable
VERAFI’s efficient process and reliable results help deputies and attorneys fulfill their responsibilities quickly and accurately.

Peace of Mind
By ensuring no asset is overlooked, VERAFI provides peace of mind to those responsible for managing another’s financial affairs.

Protect and manage the financial well-being of vulnerable individuals with confidence. Trust VERAFI for a thorough, reliable financial asset search.