Heir finders and asset locators help reunite owners with their property for a fee. Consumer protection agencies advise that legitimate businesses do not expect payment until the property is returned to the owner. Be suspicious of anyone who tries to charge a fee before you receive your property, or tries to charge a fee other than a percentage of the money to be returned to you. No one may charge a fee greater than 30% for property reported to the State of Arizona. This fee limit applies to all services conducted by the locator.
All heir finders and asset locators must be registered to do business in the state of Arizona. If you have concerns about an heir finder or asset locator, contact your Better Business Bureau or the Attorney General's Consumer Protection Division.
You may want to look for property yourself before contracting with a third party.