Whenever someone dies, their estate needs to be distributed to the correct beneficiaries. But what happens when a beneficiary can’t be found?
In my most recent article for the Gazette, I highlight how personal representatives (PRs) can find beneficiaries in instances when there is and isn’t a will. I advise on steps to take when beneficiaries are missing, such as advertising in publications and looking into birth and marriage records. I also discuss how PRs can protect themselves from future challenges, with options such as deceased estate notices and Benjamin Orders.
Here at Lodders we provide a professional and comprehensive estate administration service, working together with our clients. If you have any questions, please do get in touch with myself or any other member of the team, we’re happy to discuss where we can be of help.
PRs are responsible for the correct distribution of the estate. If they fail to make reasonable efforts to locate missing beneficiaries, and those beneficiaries come forward later, the PRs could be personally liable.