Tracing Heirs & Beneficiaries | Ramblings of an e-trader

Friday, 20 November 2009

Tracing Heirs & Beneficiaries

My friend, Sally, told me that even as everyone is busy preparing for their annual vacations, she may have to give up her vacation due to the mounting files on her desk. Working in a law firm is no fun, especially when she is not the lawyer!

Sally told me that one of her tasks is to trace heirs and beneficiaries and without much information, it is not an easy task! Not every family is straightforward and with the ease of air travel, there are many families which have branched off to other countries around the world. But it's too bad that even with advancement in technology that makes keeping in touch just a phone call away or as easy as sending an email, people still lose contact.

I think that Sally should just speak up and let her bosses know that she shouldn't be made to do such work and it would just be a waste of time and resources since she is not professionally trained to trace heirs and beneficiaries. Why not outsource the task and let professionals handle it?

Tracing heirs and beneficiaries looks like a complex and time consuming process but it could be accomplished quicker if there are people doing it full time without the distractions of other work.

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