Monday, October 16, 2006

It Pays to Keep in Touch

Back in the 1880s, former slave Matthew Jones paid $225 for a parcel of land on Hilton Head Island, South Carolina. Now the land is worth millions, and 180 of Jones's heirs have banded together to reap the profits.

Some of the family members had approached attorney Horace Jones to help them clear the title to the property so it could be sold. Brown suggested that instead of selling, the family consolidate the title and form a limited liability corporation to develop the tract. The effort involved tracking down descendants across the country.

"The good thing is the family was large but they kept in touch with each other," Jones said. [Link]

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