Missing Persons

Missing Persons: Overview

Statutory provisions exist in most states to deal with persons who have been missing for an unreasonable period of time (e.g., 90 days or more). Generally, the court may appoint a trustee to manage and control the estate of the missing person during his period of absence. Similarly, a person who remains missing for the requisite statutory period may be deemed deceased and his estate may subsequently be administrated. In the absence of a quiet title action, or the proper statutory procedure establishing of record the death of the missing person and the probate of his estate, transactions insuring property owned by missing persons should not be insured without express underwriter approval.