This form is a sample of an agreement to locate unclaimed assets and/or property owned by others that do not know of such property. Examples of such property would be overbid funds from property that has been sold or is about to go to sale by public officials for back taxes that are due, as well as unclaimed property from a decedent's estate.
Puerto Rico Contract to Locate Unclaimed Assets is a legal agreement designed to assist individuals or organizations in locating and recovering their unclaimed assets in Puerto Rico. Unclaimed assets refer to funds and properties that have been abandoned or forgotten by their rightful owners, such as unwashed checks, savings or investment accounts, insurance policies, and other financial assets. Under this contract, a licensed professional, often referred to as an asset locator or finder, is authorized to conduct comprehensive research and investigations to identify and locate unclaimed assets belonging to the contracted party. The asset locator utilizes specialized resources, databases, and investigative techniques to trace the rightful owners of these assets. The key purpose of a Puerto Rico Contract to Locate Unclaimed Assets is to facilitate the reunification of individuals or organizations with their long-lost or forgotten assets. These contracts provide a legal framework to govern the relationship between the asset locator and the contracted party, ensuring that the search is conducted ethically, within the boundaries of the law, and in the best interest of the owner. Types of Puerto Rico Contracts to Locate Unclaimed Assets: 1. Individual Contract: This type of contract is entered into by an individual seeking assistance in locating their unclaimed assets in Puerto Rico. Individuals may have lost track of their assets due to various reasons, such as relocation, name changes, or simply forgetting about them. By signing an individual contract, the person appoints an asset locator to act on their behalf and initiate the search process. 2. Estate Contract: When an individual passes away, their unclaimed assets often become part of their estate. In such cases, the deceased person's heirs or legal representatives can enter into an estate contract to locate and recover the unclaimed assets. This contract ensures that the deceased person's assets are properly identified and distributed among their rightful beneficiaries. 3. Corporate Contract: Businesses, organizations, or institutions can also utilize a Puerto Rico Contract to Locate Unclaimed Assets to recover any lost or forgotten assets. This type of contract allows companies to conduct extensive searches to identify any unclaimed funds or properties that may be owed to them. By entering into a corporate contract, businesses can supplement their revenue and improve their financial health by reclaiming their unclaimed assets. In conclusion, a Puerto Rico Contract to Locate Unclaimed Assets is a valuable legal instrument that enables individuals, estates, and corporations to recover their lost or forgotten assets. With the assistance of licensed asset locators, these contracts empower rightful owners to reclaim their assets and ensure that their financial interests are protected.
Puerto Rico Contract to Locate Unclaimed Assets is a legal agreement designed to assist individuals or organizations in locating and recovering their unclaimed assets in Puerto Rico. Unclaimed assets refer to funds and properties that have been abandoned or forgotten by their rightful owners, such as unwashed checks, savings or investment accounts, insurance policies, and other financial assets. Under this contract, a licensed professional, often referred to as an asset locator or finder, is authorized to conduct comprehensive research and investigations to identify and locate unclaimed assets belonging to the contracted party. The asset locator utilizes specialized resources, databases, and investigative techniques to trace the rightful owners of these assets. The key purpose of a Puerto Rico Contract to Locate Unclaimed Assets is to facilitate the reunification of individuals or organizations with their long-lost or forgotten assets. These contracts provide a legal framework to govern the relationship between the asset locator and the contracted party, ensuring that the search is conducted ethically, within the boundaries of the law, and in the best interest of the owner. Types of Puerto Rico Contracts to Locate Unclaimed Assets: 1. Individual Contract: This type of contract is entered into by an individual seeking assistance in locating their unclaimed assets in Puerto Rico. Individuals may have lost track of their assets due to various reasons, such as relocation, name changes, or simply forgetting about them. By signing an individual contract, the person appoints an asset locator to act on their behalf and initiate the search process. 2. Estate Contract: When an individual passes away, their unclaimed assets often become part of their estate. In such cases, the deceased person's heirs or legal representatives can enter into an estate contract to locate and recover the unclaimed assets. This contract ensures that the deceased person's assets are properly identified and distributed among their rightful beneficiaries. 3. Corporate Contract: Businesses, organizations, or institutions can also utilize a Puerto Rico Contract to Locate Unclaimed Assets to recover any lost or forgotten assets. This type of contract allows companies to conduct extensive searches to identify any unclaimed funds or properties that may be owed to them. By entering into a corporate contract, businesses can supplement their revenue and improve their financial health by reclaiming their unclaimed assets. In conclusion, a Puerto Rico Contract to Locate Unclaimed Assets is a valuable legal instrument that enables individuals, estates, and corporations to recover their lost or forgotten assets. With the assistance of licensed asset locators, these contracts empower rightful owners to reclaim their assets and ensure that their financial interests are protected.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.