Getting the Right Attorney and Assets to Search in Israel
Working with our experienced and pro-Israeli attorneys gives you an entirely accurate picture of what to anticipate.
Our clients usually become aware of a possible unclaimed Israeli inheritance in one of two ways. They receive either:
- A letter from the State of Israel Re: Rights to property in Israel in the name of X. File: GM/EG/G #, or
- A letter or a phone call from a land hunter who is not an Israeli attorney and is not allowed to practice law in Israel
When contacted by the State of Israel, clients may think that the State can handle the process of transferring asset ownership to the heirs. The State is not allowed to do the legal work necessary to reclaim an Israeli inheritance. Their sole job by law is to inform the relatives and offspring of the dormant land or asset in Israel.
In the second scenario, land hunters in Israel and the U.S. make it a side job to seek out abandoned property in Israel. They function as a broker, which means they don’t have any fiduciary obligations to the heirs to accurately represent the property’s estimated value and discuss capital gain taxes or any other rights or liabilities. A lot of misinformation can result from their efforts. In some cases, families come to us after land hunters try to sign them an illegal representation agreement that commits the families to 35-40% of the property while hiding the block and parcel of the land and other crucial facts about the land, the fact they are not Israeli attorneys and are not allowed to practice law in the state of Israel. Sometimes, the land hunters bring the buyers and sell the land at a low price while the heirs are left in the dark.
Frequently, I get calls from heirs wondering if the letter or phone call they received is valid. We first do the homework to determine if there is a legitimate and viable claim. Early during the initial meetings, I reviewed factors surrounding the abandoned Israeli property and can advise whether to pursue the case.
It can be stressful when relying on a non-professional who only discloses some facts to discover after much effort that the case/s has reached a dead end.
For many reasons, working directly with a diligent Israeli attorney specializing in this niche area is crucial. The search for the land and probate/s process to reclaim abandoned real estate in Israel requires a pro attorney with a proven track record in these cases. You are working with a land hunter who acts as a middleman, which results in added costs and damage to the families. Our attorneys are bound to work for you and will handle your case privately and confidentially. Sometimes, cases involve multiple heirs with different objectives. These cases are best handled by an expert attorney who approaches the case with sensitivity and diplomacy and operates confidentially and diligently in your best interest.
Locating Dormant Bank accounts in Israeli Bank or Unclaimed Israeli Assets and Shares.
Although we have focused on locating dormant, unclaimed Israeli estate, real estate, property, and land thus far, many other types of abandoned and dormant assets in Israel can be classified as “unclaimed assets.” Examples include bank accounts, shares, pension funds, provident funds, education funds, life insurance policies, executive insurance policies, dormant bank accounts, various savings plans, dividends, and stocks, to name a few. Financial institutions, insurance companies, pension funds, hospitals, clinics, corporations, government agencies, and Israeli government corporations can manage these funds.
Locating Israeli Banks and Institutions
Given the complicated bureaucracy of Israeli institutions, the research, due diligence, and the Israeli probate/s process can only be handled by a competent, persistent Israeli attorney with experience and tenacity in locating ownership of abandoned property and assets in Israel. This attorney must also be highly skilled in cases seeking the release of Israeli dormant assets and property to manage the lengthy process efficiently and transfer the title to the rightful heirs. Our law firm has resolved many cases of this kind, and we are well-situated to help you with all the right tools to locate the dormant property or asset in Israel and do the legal transfer of Israeli assets.
We specialize in reclaiming abandoned or dormant property and financial assets in Israel and know precisely what to do and how to do it. Working with us is very cost-efficient and time-efficient for our clients. With offices in Israel and the US, we stay on top of the process at all times and time zones. Please view our many reviews. We are happy to give you a complimentary consultation to get you started immediately and accomplish the mission.
The Aharoni Law Firm represents international clients from the United States, Canada, the UK, Europe, and Israel. Please contact us from the US or Canada at 888-923-0022 or Israel at (972) 3.9055478 or (972) 50.7322688 to schedule a complimentary consultation.