Unclaimed property is not money on your company's books. Unclaimed property assets are abandoned funds or dormant accounts within financial institutions or companies you once did business with, where there has been no communication or other activity regarding the unclaimed property for two years or more. By law, after the dormancy period, the unclaimed property must be escheated to a State agency (Dormancy periods differ by state).
This 100% contingency process allows identified assets to be claimed and returned to your company with very little time and effort on your part.
Preliminary Research
Initial research of unclaimed property held by State, Federal and Foreign agencies for your entire business.
Engagement
Simply sign the fee agreement, along with notarizing onboarding documents and your work is done.
Claims Management
Our partners will perform a deep-dive search into all unclaimed funds for all your corporate entities, prepare and file claims. All claims, no matter how small, will be filed. The experts, including lawyers, will work to ensure all eligible claims are accepted and paid.
Accounting
Typically, funds will be received by claims filed within 90 days of engagement. A detailed spreadsheet and all scanned copies of checks received will be provided. Funds will be wired right into your business account.
National and Global property recovered is back in your company's account usually within 6-12 months.
Ongoing Support
We will continuously be searching for agencies for new funds so that when they appear, we will recover the immediately.
Request a free analysis.
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