Services

Asset Recovery Division

Quintanilla Law Firm pursues a seamless, worry free solution for its Clients
Upon initiating a "Recovery Agreement" (Agrmt) with a Client, Quintanilla Law Firm begins a comprehensive search and discovery of Client's assets. Quintanilla Law Firm does this by researching the records of numerous private businesses and government entities that in times past have had transactional relationships with the Client. Once monies/assets are deemed abandoned, the financial related institutions holding the assets are required by law to return them to their owners within a specified period of time. Therefore, some record will have been established that ultimately helps in tracing those assets to their present day location. Once those available assets are identified, Quintanilla Law Firm begins the work towards an immediate recovery of those on behalf of their Client. Quintanilla Law Firm does the majority of this work to minimize the need of Client's involvement to complete the recovery process, as the research and resources for discovery and recovery of assets can often be tedious and time consuming work. As one might guess, the type of entities where these funds were originally forgotten or misplaced, are typically from those such as banks, credit unions, stock trading accounts, or other types of routinely used financial services. Many people, individually or in a corporate capacity, are often surprised to learn how large these amounts can add up to, even though for those to whom they belong can rarely recall the circumstances in how their monies/assets were originally lost, leaving those funds or assets forgotten for many months, years, or even decades. The following is a list of some of the most common types of misplaced/forgotten assets that were the original source of a Client's lost property, and though the list appears comprehensive, there are still many types of assets not listed here: - cash in dormant accounts, such as checking/savings/money market/stock trading - proceeds f/escrow accounts f/real estate/trusts/dividends - proceeds f/insurance claims/bonds/matured policies/annuities/endowments - undelivered shares of stock/tax refunds/rebates/claims/group policy benefits - undelivered wages/payroll/salary/workers compensation benefits - unpaid mineral rights/royalties - unpaid commissions/pension funds/lost payments for billed goods & services - uncashed checks-E.g./business, personal, certified, cashier's/money order - credit balances f/overpayments to venders/utilities - unpaid interest on CD's/financial accounts or investments - death benefits due beneficiaries - liquidated funds for unsurrendered stocks & bonds/fractional shares - unpaid dividends on reinvestment plans - unexchanged stock of successor corporation Many of the unclaimed items mentioned above began their life as the result of wrongfully addressed mail correspondence that was sent through the U.S. Postal Service or other private mail carriers. For the fact most companies and government entities use mail correspondence almost exclusively as their primary form of communication with account holders, any failure in this method can greatly jeopardize one's financial matters. This is particularly troubling as it applies to deliveries made through the U.S.P.S., as it is well documented that of all deliveries attempted, a full one-half of one percent of parcels are somehow lost in transit. When highly valued mail items, such as checks issued for auto policy settlements or life insurance claims, are returned back to their senders as "undeliverable," their recipients are often deprived access of these substantial sums of money for significant periods of time. As a result, these forgotten monies, or other undeliverable assets can remain at that institution for many months or years unless the respective financial entity is diligent in tracking down the customer's new contact information. When undeliverable funds remain at an entity, such as a bank or insurance company for extended periods of time, then those funds/financial instruments, as per that state's statute and specific type of asset involved, are required to be transferred over to their respective City, County, State or Federal holding agencies. At this point, these assets are now classified as "escheated funds" and they become the responsibility of those agencies for their safekeeping on behalf of their Claimants. It should be recognized, however, that within the varying state and territorial governmental institutions, one's misplaced funds are not always protected forever, as some entities will have their own prescribed time limitations for a Claimant to make their recovery, and once those limits have passed, those funds will be effectively lost forever to that entity.

Acknowledgment of Client's Cooperation:

  • The Client acknowledges that upon entering into agreement with Quintanilla Law Firm to engage in the discovery and collection of Client’s lost assets, Client will provide the full contact information of its duly authorized company representative(s) to Quintanilla Law Firm. Client’s representative(s) must have full legal authority and signatory authorization on behalf of its named company, (or any other name used prior to the current named company for which the held asset is listed under) to execute agreements and make representations of ownership; as this is required by law before any Government or Privately held entity may return a held asset back to its Claimant. Non-private types of government entities that may have a Claimant’s funds, are generally Federal, State, County and City departments, and whose CFO, Trustee, or Comptroller must authenticate the release of those assets.

Compensation:

  • Quintanilla Law Firm does not charge an upfront fee for its services.
  • Once Client is in receipt of funds that Quintanilla Law Firm has assisted in finding and delivering to Client, Quintanilla Law Firm then receives a nominal fee as based upon the total amount of recovered assets, as per the terms of Quintanilla Law Firm and Client’s joint signed agreement.

Exclusions:

  • Note: Quintanilla Law Firm “IS NOT” a “debt collector”, as per the standard definition of that term, as Quintanilla Law Firm does not pursue collection of “delinquent receivables” that are owed to a Client by companies or individuals that are classified as “debtors,” and for which Client is actively seeking recovery of, such as monies/assets owed to Client from unpaid goods or services.
  • Here at Quintanilla Law Firm, we look forward in helping you recover whatever valuable assets you or your company may have lost/forgotten in previous years. Please do not hesitate in contacting us if we may be of some service to you in the search and recovery of any of your long lost assets!

Paymaster Services

The “Purpose” and “Requirements for position” are described by Wikipedia below.
Purpose The primary purpose of a Paymaster is to receive monies from buyers in large business transactions and deposit those into  escrow for the eventual disbursement of the principal and fees that are due to the sellers and brokers within the transaction. Although not a requirement, a Paymaster is usually a lawyer (also known as a ‘lawyer paymaster’), that can help navigate certain complexities that arise as a result of the multiple parties with varying interest that are involved in the transactions. When dealing with commission payments on  contracts  dealing with large amounts of money (such as Oil, Gas, Steel, Iron, Gold,  MTN's, VG's, T-Strips, and other instruments), most banks in the United States are wary of their exposure for the many liabilities in handling such large amounts of money. In addition, most buyers and sellers of such transactions prefer to place the money with a neutral third party for their disbursement. In most cases, the buyer and seller involved in the transaction will require a paymaster to be named in the handling of all incoming and outgoing funds. A paymaster is a neutral third party and has no knowledge of any particulars of the transaction prior to their appointment. They handle the incoming commissions and disburse the funds accordingly. In return for their services, the paymaster charges a small fee paid directly to them out of the commission proceeds prior to their disbursement. Requirements for position In the U.S., there is no licensing requirement to be a paymaster. However, a Paymaster is often a licensed lawyer, due to the high security and safety concerns necessary when dealing with any financial matters that work in cooperation with the U.S. banking system. Lawyers are required to hold any funds that do not belong to them directly, within an "Attorney's Trust Account" (also known as an  IOLTA account) that is monitored by the state bar within the state for which the attorney is licensed to practice. Our vision of Paymaster Services: We offer our clients a service that goes beyond a competent fiduciary duty performed in good faith as, “…a neutral third party and has no knowledge of any particulars of the transaction.” In the appropriate Paymaster assignments, we can add service value by offering the following:
  • Upon our assignment as Paymaster, we would suggest we host an initial conference of all parties to the proposed contract, as this affords a meet and greet where all parties who are integral to the development of the commercial construction project contact or large transfer of funds can come together and put a face to the names and chairs at the conference table. We can also host a virtual conference.
The Construction industry can benefit greatly from using this approach and especially in large commercial construction projects. Integral parties to a commercial construction project that may be interested in attending this Initial Conference for the Development of a Commercial Construction Project could be the following: Builder: The person or persons or legal entity representative that will be funding the commercial project. Lawyer Representing the Builder: This lawyer may be accompanied by a paralegal. Project Manager: Hired to coordinate the Construction Project. Architect: Hired by the Builder. General Contractor: Selected by the Builder to enter into Construction Contract. Lawyer Representing General Contractor: May be accompanied by a paralegal. We would afford, as a conference goal, to allow conference participants to mutually agree upon an assignment of parties to draft proposed sections of the project contract. All parties may exchange emails to share the development of the various contract sections, as well as propose any changes thereto. Of course, parties are then free to work out contract specifics on their own. When the parties notify our office that an agreed contract has been completed, Quintanilla Law Firm, PLLC, will then host a Contract Verification Conference with all parties to the contract, to enumerate, read, discuss, and Q & A session of every section of the contract. The purpose is not only to ensure that there is a meeting of the minds to the contract, but to also review and highlight all terms for your Paymaster. Parties are free to structure a construction project agreement as they may agree. However, in the commercial construction industry, we recommend a contract structure that generally follows a Quality Control Verification Checked Construction Phase Completion & General Contractor Payment Schedule. Under a Quality Control Verification scenario, a Project Manager would be required to inspect progressed construction as agreed, to verify that all agreed standards are employed and agreed building materials were utilized. Upon the completion, inspection, and certification of a Construction Phase, the Project Manager will notify and deliver a copy of the Phase Certification to the Paymaster. Paymaster would then issue payment to the Project General Contractor. At the conclusion of the Contract Verification Conference we would hope that the parties will enter into a signing ceremony of the Project Contract. We believe that the transactional development and execution of a Commercial Construction Project Contract under our techniques described above, will greatly reduce the chances of a breach of contract, which can happen because of cost over-runs, which routinely plague the Construction industry. One would believe that it has become a standard in the industry to bid low enough to win a contract, but all the while anticipating cost over runs, and attempting to recover from additional funds request through change orders and other well used methods. Although contracts may provide for cost over runs due to the rising cost of materials, General Contractors routinely plead for additional funds to complete a project and threaten to simply walk away from a project if additional payment above the agreed contract is not granted. Our conference techniques may be employed in nearly every industry contract scenario in which there would be a large transfer of funds pursuant to a contract agreement. In nearly any business agreement requiring a large transfer of funds such as complex performance contracts; buy/sell of goods; chain of supply complex shipment agreements; schedule commissions payment agreements; we can provide our Paymaster service utilizing wire transfer or electronic digital payment. It has become common place, particularly in the Tech industry, to digitize a transfer of funds agreement for the purpose of attaching it to the world wide web blockchain as evidence and validation of the transfer of funds agreement. Quintanilla Law Firm, PLLC has been monitoring congressional hearings and the development of legislation to launch the United States Digital Dollar and the Federal Digital Ledger (FDL). We ask your indulgence on the reference to the FDL, by pointing out that at the time of this report, the legislation has not been passed and the “Federal Ledger” may end up being called Federal Transfer Ledger (FTL). The U.S. Digital Dollar would be a new form of U.S. legal fiat currency that would be issued by the Federal Reserve to U.S. banks to meet their customer’s daily monetary needs. The legislative intent appears to be that all U.S. Digital Dollar transactions must be recorded in the FDL. Although, I note that there appeared to be a refrain during hearing testimony to draw similarities between the utility of the proposed FDL and the Blockchain. I would note that the proposed FDL is similar in function as the Blockchain. Both would utilize the world wide web to record digital transfer of funds. The U.S. is somewhat late to the idea of digital money, but the impetus for Uncle Sam to issue its own digital currency appears to be due to the U.S. government’s recognition that many U.S. companies (mainly in the Tech Industry) are already conducting their business transactions via cryptocurrency transfer of funds recorded on the Blockchain, thereby circumventing U.S. bank wire transfers. Hence the Federal Reserve and Uncle Sam’s keen interest for expedient legislation. I would not be surprise if the final legislative bill mandates that all U.S. companies must utilize U.S. Digital Dollars, relegating cash money to smaller point of purchase transactions. Regardless of new Federal requirements, Quintanilla Law Firm, PLLC Paymaster services will be prepared to accommodate your large transactional transfer of funds. We also execute court orders to disperse large settlement funds. Kindly note that our techniques as described above as well as the four “facets” described below are offered at NO ADDITIONAL COST. Our fee is in line with the Paymaster industry standard. We look forward to earning your trust.
We strive to provide a valued service in 4 facets:
1. Security
To be a part of Quintanilla Law Firm's Paymaster team, every staff member’s background must be free of any criminal history. No team member (Quintanilla Law Firm staff person) may have any connection or interest to the underlying parties to a fund transfer. Our service offers a Certification of Parties & Transfer Contract (CPTC) program ensuring the identity of the parties to a Transfer Contract, but also verifying that the transaction is a legitimate business purpose transfer. We only grant the certification after a due diligent investigation authenticating the parties to a contracted transfer of funds. Our CPTC program, which utilizes proprietary methodology developed over years of gained experience, will not execute a transfer of funds schedule pursuant to a Transfer Contract until said Contract has been validated as authentic by both transferor parties and transferee parties. Our Paymaster service offers a greater level of comfort and trust, so client knows the CPTC program has done all that is possible to avoid a nefarious transfer of large funds.
2. Speed
We utilize wire transfer or electronic bank transfer, depending upon circumstance. If necessary, we can also arrange a transfer utilizing Bitcoin. Note: The IRS now tracks and requires both the transferor and transferee report said cryptocurrency transactions.
3. Privacy
Standard Wire Transfer or Electronic Digital Transfer: The parties to a Transfer Contract may remain completely undisclosed to third parties who are not involved in the execution of the transfer. Quintanilla Law Firm personnel are not allowed to disclose the details of Transfer Contracts to anyone outside of our operations unless it is for the purpose of facilitating or executing a contract term, or to communicate status to parties to a transfer contract.
4. Communication
Quintanilla Law Firm will provide a Notice of Transfer to all parties. Upon a completion of transfer, we also send a notice to all parties.