Elder Law

Heir-Finder

What is Heir-Finder Law?

An heir-finder is a person that is hired to help locate abandoned or unclaimed property or assets for the rightful owner. They are also known as "asset locators" or "heir-searchers." Probate issues are typically complex and it may be unclear to determine rightful ownership of the property or assets in question. An heir-finder can be useful in locating lost property/assets for owners or advising them on how to obtain it. In addition, if a state has unclaimed property or assets, they may hire an heir-finder to locate the rightful owner.

Heir-finders charge fees for their services, and while most are lawful and operate legally, some do not. Unfortunately, it is common for heir-finders to commit fraud. There are consumer protection agencies to help owners or companies avoid being trapped in a fraud. Legitimate heir-finders will not ask for their fee until after the property or assets has been found and returned to the owner. They then are not allowed to charge more than 5% of the value of the property/assets. If an heir-finder asks for money up front or charges a higher percentage, the consumer may be subject to fraud.

Heir-Finder Lawyers

Most heir-finders will require you to sign a contract if you hire them for their services. It is thus wise to seek the counsel of an attorney to ensure your rights are protected. A wills and estate planning lawyer can help make sure you do not fall victim to fraud by an heir-finder. A lawyer can also help you navigate or avoid any legal complications that may arise due to hiring an heir-finder to help locate your property or assets.

Lawyer Referral Service

If you considering using an heir-finder, an attorney can help ensure you hire a legal individual or company so that you do not fall victim to fraud. If you hire a fraudulent heir-finder, you may be in danger of losing your assets or property. An attorney can help protect your rights and make sure this does not happen to you.

If you have any questions about the information provided above, please contact us. Call Attorney Search Network toll free at (800) 215-1190 or fill out out online form for your Heir-Finder lawyer referral.