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Unclaimed Property

ClaimsComp > Unclaimed Property

WHAT IS UNCLAIMED PROPERTY?

The most common types of unclaimed property include:

  • unclaimed wages or commissions
  • certificates of deposit
  • refunds
  • money orders
  • savings and checking accounts
  • insurance proceeds
  • credit balances
  • excess proceeds from foreclosure
  • underlying shares
  • customer deposits or overpayments
  • safe deposit box contents

An account becomes unclaimed property when it has been inactive for an “extended period of time”.  Each state defines the term “extended period of time” differently, and parameters vary widely from state-to-state.  Tens of billions of dollars in unclaimed property are currently held in state-administered funds, and billions more have yet to be escheated (transferred) from government entities, companies, and financial institutions.

Recover your unclaimed property.

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Why Didn't I Know About It?

It’s easier than you think to lose track of an asset. That’s why there are billions of dollars in unclaimed property. Here are just a few examples:

  • You relocate and forget to provide a forwarding address.
  • Your name or address is misspelled on an account document.
  • You forget to cash a check or respond to a proxy statement.
  • A former employer makes a clerical error in your name or address.
  • A relative forgot to mention a safe deposit box, a bank account, shares of stock, etc., that you, as the heir, would be entitled to claim.

How Do I Claim It?

We’ve already done most of the legwork and the biggest hurdles have been cleared – we found your asset and we located you! If we’ve contacted you, there’s a 99% chance that you, or someone you know, have unclaimed property waiting to be claimed.

Just click below and we’ll handle the rest, including:

  • Navigating processing guidelines. They’re different in every state and every county….and they can change without notice.
  • Determining required documents.
  • Negotiating alternate documentation if required documents are not available.
  • Delivering documents and arranging for a mobile notary.
  • Communicating with all third parties (creditors, governments, courts, relatives, etc.).
  • Paying legal fees and court expenses.
  • Paying any up-front costs and fees.
  • Tracking your claim and providing status updates.