CASE STUDY 7 : Pennies From Heaven for Ms. Penny

27 Aug CASE STUDY 7 : Pennies From Heaven for Ms. Penny

Mr. Penny lived in his quiet home, on a quiet street, in a quiet manner, for fifty quiet years. Obviously enough, Mr. Penny was a quiet man. He kept to himself. Not many folks knew much about Mr. Penny. He was so reclusive that upon his passing the County Coroner declared him a man with no friends, relatives, and acquaintances. Even in the coroner’s report, Mr. Penny was called a man without living heirs. This is what is known as an orphaned estate. One day on the way to lunch, one of the ARP team members was driving on a street of well-maintained yards when he noticed one property that looked like a jungle. Something did not add up. After the initial contact, it turned out that Mr. Penny did have an heir. ARP was unable to piece together the family tree internally and turned to its domestic private investigator, who was able to identify Mr. Penny’s brother who moved to the East Coast twenty years ago. The bad news was that this brother had passed away. However, ARP found that Mr. Penny’s brother had a daughter, who was Mr. Penny’s niece, and was alive and well. We will call her “Ms. Penny.” Ms. Penny was surprised to learn of her newly discovered mini fortune and told ARP that she was excited and thankful for them and saw it as “pennies from heaven.” Ms. Penny was willing to participate in the deal, and within weeks, walked away with many of her late uncle’s keep sakes and a big satchel of pennies from heaven when ARP closed the transaction.