Asset Recovery

Unclaimed funds consists of any asset, whether money or property, being held by businesses and other financial institutions that have gone dormant for a specified period of time. Once this dormant period expires the asset is then turned over to the State. Once the funds are in the custody of the State, it will hold onto them in perpetuity until the owners of the funds, or their heirs, come forward to collect them.

The Federal government, all 50 states, as well as U.S. territories like the District of Columbia, Puerto Rico, Guam, and the U.S. Virgin Islands all have unclaimed property laws that require companies and organizations to report and remit various unclaimed property types that have been unclaimed or dormant for a statutorily defined period of time. With so many variations with these laws, many companies struggle to implement a process to maintain unclaimed property compliance.

asset-recovery2asset-recovery-768x512

Unclaimed Funds

Locating these funds or property can be a challenging task when you don't have the time, resources, or expertise. As a skilled paralegal we have the knowledge and experience of how research various institutions to find these lost assets. And we know how to communicate with the Courts in order to reclaim your property.

How It Works

1
A business/government/bank which holds unclaimed assets tries to contact the property owner wthout success.
2
Fedeal and state goverments hold the unclaimed money for a period of time specified in the law, until it is claimed by the rightful owner.
3
A dormancy period for holding the property expires and the government assumes ownership until the rightful owner files a claim.
4
Actuary Advisors finds these assets and assists the property owner in recovering their property or funds.

Asset Recovery Broker

You may have gotten a correspondence from our company informing you that you have unclaimed assets from a previous bankruptcy or tax filing. If you would like more information on how the process works to recover your assets please contact us today.

 

Our Asset Recovery analysis provide the client with easily accessible detailed information about the subject’s assets. This provides the client to necessary information needed to make an informed decisions about how to proceed in recovering lost or unclaimed funds and property.