In tough economic times such as these, a letter like this in the mail provides welcome news:
I am with a company that helps others find lost property. I believe you have claims to minerals in Arkansas. Our fees are just 40% of the amount of the property recovered. Please give me a call at 555-555-5555.
John Heir Finder
What’s wrong with this picture?
By Arkansas law, a non-attorney cannot accept a fee of more than 10% in an heir-finding contract. In other words, the “finding” portion of the fee can only be 10%. The example solicitation is 4x times the fee for a non-attorney heir finder. The non-attorney heir finder will not be able to represent you in Court. You may have to pay for the attorney on top of the heir finder’s fee!
If you’ve signed a contract with a non-attorney heir finder that is in excess of 10%, then you may have a case under the Arkansas Unclaimed Property Act. Give attorney Mark Robinette a call at 501-251-1076 for a case evaluation. You can recover all of your money in excess of the 10%, sometimes more!
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I am in my 70s. My wife and I bought 20 acres in White County Arkansas in the 1980s. I specified that I wanted the mineral rights or that I would not purchase the land. I paid extra for them on top of the cost for the land. I have records that show this transaction. I have been told in the last four years that I do not have the mineral rights that a former owner does. The Arkansas Land Commission has indicated that they want this situation to stay in dispute because the state will end up with them to support public concerns. What can I do to reclaim what I purchased 30 years ago?