Oct. 24, 2011
-- After pressure from some Genealogists' to restrict solicitors options in ensuring all beneficiaries are found prior to distribution of an estate, STEP have issued a "best practice guide".
The guide highlights the risks of PR's being "liable to the true beneficiaries in the event of an incorrect distribution of the estate" and that it is also "good practice to obtain a range of quotes from genealogists and you should be fully aware of the different options available".
The guide also highlights the neccassity to "familiarise yourself with the legal arguments for and against such fees in order to protect yourself from any possible claim".. The PR should be satisfied that any charges agreed with the chosen research organisation are clear, represent good value for money and are appropriate to the cirumstances of the particular estate."
Nik Walker, Director of Harrisons Research & Genealogy comments: "This briefing by STEP highlights the need for a range of fee options needed for professionals to ensure that any fees charged reflect the time, resource and cost involved in each case and that the outcome is financially satisfactory for all parties involved. There are pro's and cons' to each fee arrangement and a client needs to be able to trust that the company they use will issue the most cost effective arrangment for them and this briefing has clearly laid out the neccassity to obtain quotes and pricing structures from several companies before proceeding. Harrisons Research & Genealogy offer several Fee arrangments and work hard with our clients to deliver the right option for them".http://www.hrgenealogy.com/