Lost Beneficiaries
How does an executor trace a missing beneficiary?
Under the Administration of Estates Act, the law says there is a legal obligation to find and distribute estates of people who die without making wills.
But Centrelink insists that identifying anyone, even to a lawful estate trustee, is an invasion of privacy. So, one government department will not report to another.
Apparently, it is easier than the alternative of helping people get what is rightfully theirs.
Do you have an up to date will or might your executor face extra costs and beneficiaries miss out?
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