Sunday, August 30, 2009

Investigators Focus on Finding Heirs Abroad

Each year, in the U.K. alone, the Treasury rakes in 10 BILLION pounds from unclaimed estates. In the U.S. an estimated 9 out of 10 people are owed money that sits unclaimed year after year. In the United States, the State governments currently hold over $40 BILLION in unclaimed money, and that is small change compared to what the federal government has been taking in.

In response to these unclaimed estates, many genealogical and private investigation companies are now stepping up their efforts in international investigations to find missing heirs and missing beneficiaries. With overpopulation and a global economy, missing heirs are often found overseas, and finding these beneficiares requires the skill of a competent international investigator. Internatonal probate research often requires the knowledge of a genealogical researcher and an international private investigator to work together in order to find the missing heir.

Companies who find the missing heirs often collect a nice reward or payment via a fixed percentage or commission in the contract the beneficiary signs to receive the inheritance. This commission is taken out of the inheritance sum, and accounts for costs involved finding the heir, attorney fees, and other administrative and investigative expenses. The industry is booming.

Inefficient and beaurocratic governments are increasingly receiving larger and larger amounts of money in unclaimed estates. With the increase in government size and waste (as in the Obama administration) it is estimated that the total unclaimed estates will continue to rise annually in the U.S.

Some international heir hunters and geneaological researchers are now employing their own private investigators to work international cases. Other firms are increasingly relying on the experience and knowledge of international private investigators who have a history of searching for missing persons. Wymoo International conducts private investigations in over 100 countries, and is just one such firm based in the U.S. that has recently seen an increase in its missing heir cases.

The race to find missing heirs is on.

Best of luck,

A. Hathaway
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