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 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.
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.
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, probate representatives, 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. We are also members of the Florida Land Title Association, the Institute for Professionals In Taxation, and the Unclaimed Property Professionals Association.
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.