We all lose things—socks, glasses and keys, for instance. Usually, we notice right away and take action. But what if we didn’t know they existed in the first place?
For families with broad holdings, complex financial structures and multiple family groups, surprisingly large and important assets—even property—can go astray, often without anyone noticing.
It happens more often than most families realize, one advisor said. Misplaced stocks and insurance policies and overlooked royalty income are common.
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