How much cash do heirs get?
Usually, at least $1000 each or we do not usually take a case. So far, the highest payout we have made has been five figures, but we have some pending cases where the heirs could get six figure payouts.
We have a unique ability to handle smaller cases other heir hunters wouldn’t bother with, so we do have a lot of those.
Do you have any million dollar cases? I want one of those (at least one, maybe more)!
Don’t quit your job and buy that Rolls Royce yet. We wish we had those kind of cases.
Attorneys and traditional heir hunters usually get those estates tied up in court for months, sometimes years, often before the obituaries are even published.
What kind of cases do you have?
We do have a few cases in the 6 figure range, lots in the 5 figure range, and even more in the 3 and 4 figure ranges.
Do any heirs ever get less than $1000?
With smaller estates where there is a large family tree, a few heirs could, in theory, get less than $1000 each, but those cases are very rare. Some get way more.
How do heirs get paid?
Usually with a cashier’s check when they sign the documents. We can also do wire transfers to their bank accounts or close through an attorney.
How much cash do finders get?
At least $100 each. It could be more, up to four figures. We recently paid out $1,000 in finder’s fees on one estate.
How do finders get paid?
Usually with a cashier’s check or money order, mailed to them right after the heirs do all their documentation. For larger finder’s fees, we can make other arrangements.
How long does it take to get the money?
After we speak with all the heirs, we can usually get all the docs signed and the money delivered in about a week. For larger estates, it could take an extra week or so. We’ve never had a case take longer than a month.
What are your fees?
Heirs and finders pay us nothing:
- Nothing in advance, and
- Nothing later.
We get paid from the estate, but only if we can find the heirs and put things together. Sometimes we do a lot of work on a case and get nothing.
Is this a loan the heirs have to repay?
No, this is not a loan. There is no repayment.
Do the heirs have to pay taxes on this money?
No, this money is tax free. We provide the documentation on this for the heirs’ tax preparers. Of course, we cannot give tax advice, but we have never seen a case where the money to an heir was taxable.
How do you know if somebody is an heir or not?
When there’s a will, it’s easy. The heirs are listed in the will.
When there is no will, there are formulas for who gets what. Sometimes it’s easy. Sometimes it’s quite complicated.
With most of the cases we deal with, there’s no will. After we interview the survivors, we can figure out who gets what.
Sometimes, people we think are heirs turn out not to be. Sometimes, people we think aren’t heirs turn out to be.
Do you need to find all the heirs?
It depends on the case. In some cases, we need them all. In other cases, we can get cash to the heirs we can find. Usually, once we find one heir, we find the others.
Is this legit? Is it legal?
Heir hunting (or heir finding) is legal and has been going on for centuries. The BBC even made a TV series about a team of heir hunters.
How are you different from other heir hunters?
Traditional heir hunters:
- Do not disclose the names of the deceased.
- Get heirs to sign exclusive contracts, giving the heir hunter a large percentage of the heirs’ inheritance.
- Make the heirs wait until the estate is settled in court, which could take years, before the heirs get any money.
- Only work with large estates.
- We disclose the names of the deceased.
- We do not ask for an exclusive contract.
- Heirs can, if they choose, bypass us and handle the estates themselves or with their attorneys.
- We do not take a percentage.
- Heirs get cash in a week or so, without waiting years.
- We work with smaller estates.
Do the heirs have to go to court?
We have forms to help heirs stay out of court, and we’ve never had it happen.
Once, we had a judge who wanted to speak to an heir on the phone to clarify something. The call lasted about 5 minutes. That was it.
How long have you been in business?
You Have Inherited LLC is fairly new, established in early 2021, but the principals have been dealing with real estate for many years as buyers, sellers, landlords, property managers, real estate investment trust trustees, and petitioners before Florida courts on real estate title matters.
Are you attorneys?
No, but we work with attorneys. If you have one, we can work with yours.
Are you real estate agents or brokers?
No. If there’s real estate involved, we buy directly from the heirs.
Are you licensed?
No license is required for what we do.
Are you registered anywhere?
Yes. You Have Inherited LLC is registered with the Florida Secretary of State, Division of Corporations.
Is there a way we can verify if you’re real?
Much of our success is documented in probate court records. However, even though those records are officially classified as public records, Florida law does not allow most probate records to be available online.
Contact us and we’ll show you how to see the important parts of these records, without having to go to the courthouse.
I see somebody listed as deceased, but they aren’t.
There are two possibilities. It could be somebody else with a similar name. It could be somebody we thought was deceased, but just vanished, perhaps to a relative’s home or a nursing home.
If the person is still alive, we still might be able to recover the unclaimed property and we will still pay finders’ fees. Let us know and we can explore it.