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Excerpt from the Miami Herald,
Miami, Florida, November 23, 1997,
in the column ACTION LINE:
"Take a tip from Action Line.
It's wise to be
suspicious, but suspicion needs to be balanced
with common sense. A company that charges a
percentage of funds it recovers in your behalf is
likely to be on the up-and-up because it won't
get paid until you get your money. Companies
that charge a fee up front don't have much
incentive to do anything else."
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Dear Bruce: I recently received a letter from an attorney
out of state saying that he was
aware of a substantial amount
of money I was entitled to and
would make me aware of the
funds and handle the transaction for a 50 percent fee. While
I'd love to have the money, it
seems to me that 50 percent is a
big chunk to give to the attorney. Are there any guide
lines in a matter of this
kind?- R.N., Cedar Rapids,
Iowa
Dear R.N.: None that I'm
aware of. Let's face it, 50 percent of something certainly is
better than 100 percent of
nothing. The attorney knows
where the money is and how to
get it into your hands. If you
can track down the windfall on
your own, fine. But unless I
could do it on my own, if such a
proposition were offered to me,
I would accept.
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Copyright © 2004 Josh Butler & Co., Inc.
ALL RIGHTS RESERVED
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