How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Aston Lawyer Your Own Question
Aston Lawyer
Aston Lawyer, Solicitor
Category: Law
Satisfied Customers: 10731
Experience:  Solicitor LLB (Hons) 23 years of experience in Conveyancing and Property Law
Type Your Law Question Here...
Aston Lawyer is online now

Under probate law, if a beneficiary can not be found and may

This answer was rated:

Under probate law, if a beneficiary can not be found and may have emigrated, what steps can be taken? His share is relatively small and could soon be used up in professional search fees.
Hello and thanks for using Just Answer.

My name is ***** ***** am happy to assist you with your enquiry.

In situations such as this, the Executor should take out Missing Beneficiary Indemnity Insurance. Most of the main Insurance Companies have such a policy and I would advise the use of a good insurance Broker or the Solicitor dealing with the Estate, to find the best deal.

I hope that this answers your question.

Kind Regards
Customer: replied 3 years ago.

I understand that it was possible at one time to pay unclaimed money into Court. Is such a course of action no longer available and if not is there a new alternative?

Hi Deryk,

Thanks for your reply.

You can still pay money into Court and obtain a receipt, but nowadays, on the basis that these beneficiaries are very unlikely to turn up, the "new thing" to do is to take out a policy, and this then enables the Executor to distribute the estate fully and on the basis that the missing beneficiaries were not beneficiaries, meaning that the known beneficiaries get a bigger share of the Estate.

I hope this clarifies matters for you.

Kind Regards
Aston Lawyer and other Law Specialists are ready to help you