Proposed Regulation of Heir Search Firms in Oregon

In the latest issue (Vol. XXV, No. 3, July 2008) of the newsletter from the Estate Planning and Administration section of the Oregon State Bar (OSB) reports on this story in its “Looking Ahead: Legislative Proposals for 2009” section:

“Proposed Limits on Fees Allowed in Probate to Heir Search Firms: This proposal regulates the activities of heir search firms. The proposal addresses several concerns with the way these firms operate. The fee is often one-third to one-half of the inheritance the person found by the search firm will receive ….”

(Only past issues are online, but you can contact your nearest law school or county law library (see sidebar for links) and ask to see a copy.)

See also this, this, this, and this.