When you’re handling someone’s estate, you typically have a lot of work to do. When an individual dies, there are a lot of things you have to think about, but one of the most interesting things is the management of the will and estate. No matter how much research you do before the person dies, there will probably be more research your legal firm will have to do after the person dies. A public records search engine like Tracers will make that easier.
Contacting People in the Will
Just because someone’s listed in a will doesn’t mean the person who wrote the will still has updated contact information about them. Many elderly people who die still have people in their will they haven’t talked to for a long period of time. When it comes time for you to put the will into play, you should use a public records search engine to get up-to-date contact information so you can find these individuals and let them know what’s going on.
- It’s fairly common for people to have outdated contact information in a will, which can be frustrating.
- Some of these people may have even skipped town since the deceased individual initially wrote the will.
- You can get the most up to date contact information for these people by utilizing a public records search engine.
Knowing You Have All of Someone’s Assets
The time right after a death is a time that’s ripe for someone to steal the deceased person’s assets. In the confusion, it can be easy to lose track of some things, especially if there were a lot of assets to keep track of. That’s exactly why an asset recovery software can be so useful — it can help you trace all of someone’s assets and where they ended up.
- Wills typically leave assets to different people, and it’s important that the assets get where they need to go.
- People can steal assets by taking advantage of the confusion to take things right after a death.
- With a comprehensive report available from a public records search engine, you’ll be able to track those assets.
Researching an Expert or Mediator
In some especially contentious instances, you might need to bring in an expert or mediator to help the family with the will process. Disputes can also arise between the family and a third party, between fiduciaries, and even between yourself and a family member. When this happens, make sure you utilize a public records search engine to research that expert beforehand.
- It’s possible for things to get pretty crazy when you start to divide up an individual’s estate amongst beneficiaries.
- Of course, a mediator or expert can be an incredibly useful individual in these extremely heated situations.
- However, it’s important that you do your research beforehand and understand the mediator’s background.
Understanding Family Members Involved in the Process
You want to believe that the family members who come around after a person passes away have each other’s best interests in mind. Sadly, this may not always be the case. Sometimes, family members will use underhanded methods to try and get things out of the settlement of the will that they didn’t deserve. When you have a software for background investigations, you can look into each family member’s background to see whether they’re at higher risk for that. This can include, for example, evictions, bankruptcies, liens, judgments, and even criminal records.
- After a person dies, you’ll likely have conversations with the family about how to divide the person’s assets.
- Although you probably want to believe that family members will care for each other, you can’t assume that.
- Instead of assuming anything about the family dynamics, use a public records search engine to check each person’s potential motives.
"The accuracy and timeliness of the information on Tracers is the biggest benefit for me. Sometimes, if I am pulling up information on the other tools, they have addresses that are years old and that does me no good."
Office Manager, Central Atlantic Legal Group PLLC
What Does Tracers Have to Offer Estate and Trust Litigation Law Firms?
Estate and trust litigation law is extremely convoluted and very confusing for many people, even more so than other areas of law, which is exactly why an attorney is usually the one who comes in to handle it. As that attorney, you need to have the best tools available so you can handle the problems that arise. Tracers should be the first place you look to find these tools.
With over 42 billion records covering over 700 million United States adults both living and dead, Tracers gives you the opportunity to handle the situation. Pull information about an individual, find out more about so-called experts, and make it easier for you to incorporate an individual’s wishes about what they leave behind.