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!