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The Remnant Assets team is comprised of real estate attorneys, probate attorneys, receivership consultants, genealogists, archivists, and historical document examiners. Remnant Assets specializes in identifying and purchasing dormant mineral assets as well as remnant assets owned by Bankruptcy Trusts via 363(f) acquisitions.
We work equally hard on each prospect, eliminating the risks inherent to owning unknown property.
Remnant Assets, L.L.C. specializes in identifying, purchasing and recovering property--personal or real--that has layed dormant for decades or longer. Private individuals and corporations may own historical accounts or assets and have no knowledge of their existences.
Whether you were contacted by our analysts or you took the first step by contacting Remnant Assets, to assist in locating a financial legacy, our team is committed to monetizing your interests using our easy to understand closing process. In some instances, we will make cash offers before beginning our detailed archival research. Early offers are based entirely on an estimate of what we believe (not guaranteed) to be recoverable and factoring our operational and legal expenditures necessary to build as successful a case as possible.
Often Corporate clients, Trustees, and Receivers call upon Remnant to identify assets missing from a bankruptcy, or conversely should have appeared in an asset schedule for a merger and acquisition, but fell through the cracks.
What is a "remnant asset?"
A remnant asset is anything from commercial paper to aerial rights and everything in between. Usually by legal act or omission are these ownership interests created. Whether held by a bankruptcy trustee, an insurance company or energy production company, a quick search through your state's unclaimed funds website is unlikely to yield answers. Remnant properties are obscure and difficult to find mostly due to their age and rarely through malicious intent.
Some historical assets descend to the present day and owners via unprobated Wills or a distant relative's intestate (without a Will) succession. While we refer to these ownership interests as "assets," remember that "liabilities" too will be the owner's responsibility. Ownership creates responsibilities that are not excused by ignorance or even time. Fortunately, when our company purchases an asset, we take on any and all obligations or liabilities-- past, present and future.
The ideal transaction is one in which both buyer and seller profit. Your offer will be fact-specific, fair, transparent, and will follow company guidelines. It's important to remember that when dealing with historic ownership rights, neither the buyer nor the seller can be 100% certain as to title. Unfortunately, human error during the "paper era" was more prevalent than it is today-- meaning the asset we identify may not even have value to it at all. Regardless of our risk, once you have made a deal with Remnant Assets, L.L.C., we promise to honor our contract with every seller and follow through. We honor our contracts even if we have to eat the loss ourselves. With that being said, we strongly believe that if you're a seller, you're financially better off working with us. After all, what have your "lost assets" done for your lately?
The Remnant Asset team will explain the various types of historical assets to which you may be entitled and the value that we attribute to each. We make this process simple and transparent. Results vary for each customer and offers must be derived from the unique facts associated with your potential claims. When purchasing your rights, Remnant Assets will always hold you, as the seller, completely risk-free. Not only does a misidentified seller get to keep the consideration paid for the asset, Remnant Assets will self-incur all legal costs to remove any cloud on title to whatever property we may find.
Remnant is pleased to provide you with references upon request. What you receive will be a list of sellers and LPs (owners that have invested with the company toe-to-toe, bearing their costs and when successful enjoying a more robust payout) to small one-off transactions. With the number of successfully identified and recovered transactions completed both large and small, you will find at our past and present clients happy to share their Remnant Assets experience.
Many individuals find themselves with remnant assets by virtue of undistributed estates generationally vested. While the unclaimed property division of any State maintains large undistributed funds for one in five Americans, for some that is only a portion of the estate to which they are entitled. With an extensive team of experts, Remnant Assets works to unravel complicated family histories. For some, the information we provide each of our Sellers has more value than the property to which we believe may be theirs. Despite never being absolutely certain that the assets we buy from Sellers belong only to them, accepting our offer is a guarantee of our commitment to close. We will never rescind an accepted offer. Let us do more than unravel your history, let us make it profitable.
Commercial acquisitions of property whether by asset assignment or corporate merger include a wide range of ownership interests, including but not limited to: intellectual property, personalty and realty. Often, these sales and exchanges include conveyancing language granting the Purchaser all right, title and interest in and to the Seller's property both described and omitted from the transactional documents.
Companies with extensive M&A histories are the most common beneficiaries of remnant assets. We work with our corporate partners to negotiate fair and efficient acquisitions from them to Remnant Assets, LLC.
(Case Study, Mueller Industries)
Exploring the world of paper mergers and acquisitions to identify and monetize forgotten or unknown assets is a business in which our experience is unsurpassed.
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The short answer is that it depends. Sub-surface estates are inviolate, copyrights, and other IP are governed by statute.