Israeli Initiative Helps Bereaved Families Access Millions in Unclaimed Assets
Translated & summarized from Globes by baba
An Israeli volunteer initiative, Mizmat Sha'ar, is helping bereaved families access hundreds of millions of shekels left by fallen soldiers. The project, founded in memory of Major Sha'ar Buzaglo, aims to simplify the complex financial bureaucracy. It has already recovered over 10 million shekels for 21 families and offers financial guidance. The initiative uses AI and established contacts to expedite the process, which typically takes about two months.
The story in 6 lines · by baba
- An Israeli initiative is helping bereaved families recover hundreds of millions of shekels in unclaimed assets.
- The Mizmat Sha'ar project assists families navigating financial bureaucracy after losing loved ones in the "Swords of Iron" war.
- The initiative has already recovered over 10 million shekels for 21 families.
- It was founded in memory of Major Sha'ar Buzaglo, who fell in combat in Gaza.
- The volunteer effort provides financial guidance and support to families, free of charge.
- AI systems and streamlined processes help reduce bureaucratic delays by approximately six weeks.
A volunteer initiative named "Mizmat Sha'ar" (Sha'ar Initiative) is working to locate and transfer hundreds of millions of shekels left behind by fallen soldiers to their bereaved families. The initiative was established to help families navigate the complex financial bureaucracy they face after losing loved ones in the "Swords of Iron" war.
Aviad Shuv, a co-leader of the project and CEO of "Real-World Investments for Young People," explained that many families struggle with the mental and bureaucratic hurdles of accessing funds from banks, pension funds, and insurance companies. "The families don't know how to approach this," Shuv stated, noting that many are unable to deal with it due to the emotional toll and administrative difficulties.
The initiative estimates that between hundreds of millions and half a billion shekels are currently tied up in these accounts. While these are estimations, as official data is inaccessible, the group has already successfully recovered over 10 million shekels for 21 families, with four families having fully completed the process. Mizmat Sha'ar aims to accelerate this pace and assist more families in the coming months.
The project was founded in memory of Major Sha'ar Buzaglo, a fallen officer who died in combat in northern Gaza. His mother, Osnat, approached Shuv six months after his death, expressing her inability to locate his financial assets. This personal experience highlighted the broader issue, prompting the creation of the initiative, which now includes a team of volunteers, a lawyer, and an administrative manager, supported by AI systems to streamline the process.
Mizmat Sha'ar handles the entire bureaucratic process, from locating assets in pension funds, provident funds, and bank accounts to managing the paperwork. They have streamlined the process, reducing the typical month and a half of bureaucracy by about six weeks through established contacts and dedicated procedures. Beyond financial recovery, the initiative also offers guidance on managing and investing the recovered funds for the benefit of the families and their children, all provided voluntarily and free of charge.
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