Heir-Finder
Definition:
An heir-finder, also known as asset locator or heir-searcher, helps
reunite owners with their abandoned property or assets for a fee. Most heir-finders
work with the law and are responsible. However, most do not. Paying a fee
before an heir-finder begins research may be a sign of fraud.
Consequences of Heir-Finder:
heir-finder or asset locator should charge a fee for helping property owners receive money from unclaimed property or assets. The required fee is typically a percentage of the money that is due to the property owner. Under the law, an heir-finder may not charge a fee of more than 5% of the property value. Consumers should remember that legitimate heir-finders do not expect payment until after the property or assets are returned to the owner. If an heir-finder asks for money up-front before the property is received, that consumer may be subject to fraud.What a Lawyer can do for you:
Probate matters can be complicated, especially when it comes to rightful ownership of a property or assets. If you have signed an agreement with an heir-finder, you should consult with a lawyer. A probate lawyer will make sure your rights are protected that that the heir-finder is not subjecting you to fraud. A probate lawyer will help you avoid legal complications that may come up when hiring an heir-finder.Lawyer Referral Service:
If you need a probate lawyer to help you with heir-finder issues, contact Attorney Search Network today. We can refer you to a probate lawyer in your area.
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