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Joanna Pidgeon: Lawyer on the unclaimed funds held by Inland Revenue
Kiwis are being urged to check if Inland Revenue has any unclaimed funds in their name.
Almost 416,000 Kiwis are owed more than $477 million from forgotten funds, unknown debts, or unclaimed inheritance, which eventually goes to the Crown if unclaimed.
That includes the inheritance of Kiwis who died without a will and with no known relatives.
Lawyer Joanna Pidgeon told Mike Hosking that people have to know where the will is, and the estate then has to claim it.
She says everyone should have a will to make things easier for locating, accessing, and distributing.
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