Source: Today’s Wills & Probate
Introduction
In recent years, the legal industry has experienced a significant transformation through the integration of technology, commonly referred to as LegalTech. One area that has particularly benefited from this technological advancement is the heir hunting industry. Traditionally, heir hunting involved laborious and time-consuming efforts to trace and locate rightful beneficiaries of estates, wills, and unclaimed assets. However, with the advent of LegalTech, the process has become more efficient, accurate, and cost-effective. In this article, we explore how LegalTech is revolutionizing the heir hunting industry and the implications it brings for both legal professionals and beneficiaries.
The Heir Hunting Process: A Time-Consuming Endeavor
Heir hunting, also known as probate research or genealogy research, involves tracing the lineage of individuals who may be entitled to inherit assets from a deceased person’s estate. This process can be complicated, requiring extensive historical research, documentation review, and verification of kinship ties. Additionally, legal professionals and genealogists need to navigate various legal jurisdictions and access vast databases, all of which can be time-consuming and costly…
Read full article: https://todayswillsandprobate.co.uk/the-rise-of-legaltech-in-the-heir-hunting-industry-innovating-the-search-for-beneficiaries/
