Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

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Tuesday, March 18, 2014

Lost and Misplaced Documents a Growing Concern

Needle_haystack

More than 60% of adults in the U.S. will die without a basic estate plan.  Those with an estate plan may still have their documents lost or misplaced.

There are a shocking number of wills and trust documents that are never claimed each year. Surviving families may find estate planning documents are either impossible to find or were misplaced at law offices and financial institutions due to mergers, office relocation, and retirement.

Additionally, $4.9 billion in unclaimed assets are turned over to the government each year with only $1.7 billion reclaimed.  Over $1 billion in life insurance is unclaimed each year.

See Lost and Misplaced Estate Documents Take a Big Toll on Families, PRWeb, March 12, 2014.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.

http://lawprofessors.typepad.com/trusts_estates_prof/2014/03/lost-and-misplaced-documents-a-growing-concern.html

Estate Administration, Estate Planning - Generally | Permalink

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