Heir searching is an inherently complicated and time-consuming task, due to various factors, such as:
• Statutes and administrative requirements that vary by state;
• Documents that may be erroneous or out-of-date;
• And crucial information that rests in the hands—or the memories—of unreliable people, some of whom are located in the farthest reaches of the globe.
Consequently, Estate practitioners tasked with dispersing the assets of estates to known—and most pertinently unknown—heirs and beneficiaries may face significant obstacles in fulfilling their fiduciary duties.
