In Israel, thousands of assets totaling approximately 15 billion Israeli Shekels currently remain unclaimed. These unclaimed assets include land, developed real estate, bank accounts, stocks and bonds.
“Abandoned property” is defined in section 1 of the Law as an asset in respect of which no one is entitled and able to be treated as owners, or an asset whose owner is unknown.
Naturally, the need for claiming, finding such property, assets, lands by their rightful heirs arises. The process of locating lost, abandoned or unclaimed assets in Israel requires, among other things, a very competent, diligent Israeli attorney with depth understanding as well as a proper investigation to trace those lands & assets. How to find and locating a lost or abandoned property in Israel? This article discusses this matter.
The first step is to gather any relevant data including family tree and or any ID number in order to … Read More