CheeseStrawWars · 23/04/2013 09:46
I thought there was an elapsed period of time between the person dying, no heir coming forward, and that company being given the job of chasing it up. They're not going to do it for free, and if they didn't, someone else would. Or are you saying the money should go straight to the government instead of attempting to find heirs?
Sparklingbrook · 23/04/2013 09:48
No, I know what you mean Cheese, and it's great if the money is reunited with the heir. Even if in most cases they had no idea and had never met the person.
I think one phone call the guy made annoyed me he was ringing round neighbours of the deceased and acting very concerned which I thought was a bit.
PaddingtonBearsDuffleCoat · 23/04/2013 09:54
I have watched this a few times and found it profoundly distasteful. The firms compete with each other to get relatives signed up to their company. Yes they are there to make money but it is their attitude that bugs me I found their employees took a patronising attitude towards relatives, making out they are doing them a favour by helping them. Once the relatives are aware of their relationship with the deceased then they could claim the money without the help of these companies, I wonder if any of them do that?
annh · 23/04/2013 10:07
Does anyone know what happens if an heir-hunter turns up and you say no thanks? Can you then approach the Treasury yourself and claim the money or could they still claim a percentage for alerting you to the fact that the inheritance exists? Always wondered about that.
UnChartered · 23/04/2013 10:08
i always imagine those 'heir hunting' companies to be in the same offices as DCA.. but i wouldn't ever like to say that out loud
yes, they reckon the Treasury rakes in £10million + a year from unclaimed estates, but is the 25% commission enough to keep 'Fraser and Fraser' and the others afloat? all the agents they send out in their lovely cars, at the drop of a hat.. indeed
SisterMonicaJoan · 23/04/2013 10:09
The companies don't tell the relatives of the deceased the deceased name - they just go through family links and if you don't know much about your family history or family names then you don't know who to look for on the Treasury list
My mum was approached by ones of these companies and she didn't have a clue who this relative was or where they fit in her family. After all sorts of "admin" charges were taken off, she wasn't left with much.
I agree that I'd rather the money goes to family, however distance, than into the Treasury's coffers but these heir finding companies so come across as rather grabby. The programme is always commenting the size of the commission for the company!
ArbitraryUsername · 23/04/2013 10:12
I assume you'd need to be able to provide the proof that you are the rightful heir that the company have found and would otherwise supply. I guess the genealogical leg-work is what the commission is for. That and actually knowing how to claim.
I can't see how they could still charge commission if you went ahead and did it all yourself. But you'd have to dig out all the old records and show that you were entitled to the money yourself.
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