A beneficiary is an individual or organisation who has been named in a Will as receiving a benefit or gift from someone who has passed away. When a person takes the time to create a Will, their goal is to ensure that their loved ones are taken care of after they are gone and that they inherit any assets or items the deceased intended them to own. But what happens if a beneficiary named in a Will cannot be located and is deemed as missing? It's a complication that many people experience when trying to administer the estate of a loved one, and one that can greatly impact, and draw out a process that is already complex enough, causing additional stress. If you have been named as an Executor to a Will, the responsibility to search for missing beneficiaries ultimately falls to you. Therefore, if you do not take reasonable steps to search for a missing beneficiary, you could be personally liable to pay that beneficiary's share if they do come forward at a later date. We'll explore how and why heirs go missing, what happens if a beneficiary cannot be found, what happens if a beneficiary dies, how best to search for these individuals, and how missing beneficiaries can be avoided altogether.
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