Getting the Right Attorney and Assets to Search in Israel
Working with our experienced and pro-Israeli attorneys ensures you have a fully 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 that 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 for 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, offspring’s 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 on 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. In some cases, 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 on during the initial meetings, I review 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 does not disclose all the facts, only to discover after much effort that the case/s has reached a dead end.
For many reasons, working directly with a diligent Israeli attorney who specializes in this niche area is a crucial step. Since 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. working with a land hunter who acts as a middle man results in added costs and damage to the families. Our attorneys are legally bound to work on your behalf 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 Account 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, there are many other types of abandoned and dormant assets in Israel that 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. These funds can be held and/or managed by financial institutions, insurance companies, pension funds, hospitals, clinics, corporations, government agencies, and Israeli government corporations.
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 experienced and has a lot of 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 in order to manage the lengthy process efficiently and transfer the title to the rightful heirs. Our law firm has resolved many cases of this nature, and we are well-situated to help you with all the right tools to locate the dormant property or asset in Israel and accomplish the legal transfer of Israeli assets.
We specialize in reclaiming abandoned or dormant property and financial assets in Israel and know exactly 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 provide a complimentary consultation to get you started right away 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 in Israel at (972) 3.9055478 or (972) 50.7322688 to schedule a complimentary consultation.