UNCLAIMED FUNDS
According to the National Association of Unclaimed Property Administrators (NAUPA), state treasurers and other agencies are safeguarding a substantial amount of $32.877 billion across 117 million accounts. Surprisingly, many individuals entitled to claim these funds are unaware of their existence, let alone the process to retrieve them. The question arises: What is the origin of this substantial sum, and, more crucially, why are these individuals not coming forward to claim what rightfully belongs to them?
Unclaimed property refers to any financial asset that has been abandoned for a specific duration. Such abandoned or forgotten property can take various forms, with some of the most common examples being:
- Checking or savings accounts
- Investment instruments like stocks, bonds, or brokerage accounts
- Life insurance proceeds
- Dividends and interest payments
- Gift certificates
- Uncashed checks
- Refunds
- Safe deposit box contents, including tangible personal property
- Annuity accounts or payments
- Escrow or trust accounts or distributions
- Real estate property overages
Assets may become unclaimed for various reasons. In some cases, property owners simply forget about their accounts, while in others, the owner may not be aware of the existence of the asset, especially in the context of inheritance or investment dividend checks. Additionally, due to closures, mergers, or consolidations of companies and financial institutions, accounts and assets may become misplaced. Regardless of the reason, property owners retain the right to claim the assets rightfully belonging to them. However, these assets must be recovered within a certain time period or revert back to the government.
ASSET RECOVERY
A natural question is why don't these people claim the money?
Typically, the government agency sends a single letter to the last known address on record. In many cases, property owners have already left the premises and relocated.
Even if recipients have received the letter, a considerable number harbor suspicions or fear and hesitate to respond.
Once an asset enters the state's unclaimed property program, it remains under the state's custody until the lawful owner asserts their claim.
This is where our intervention becomes crucial! We identify the rightful owners and collaborate with both the owner and the state to recover the property for the claimant. Our approach involves engaging private investigators, locators, and attorneys to successfully achieve this objective.
SURPLUS FUNDS
"Unclaimed property," often referred to as "abandoned property," refers to inactive accounts where there has been no contact with the owner for a year or more.
Millions of people are entitled to receive this "unclaimed property". Unfortunately, the majority of them remain largely unaware of the existence of this money. Tax sale overages, stemming from the sale of tax delinquent properties, contribute significantly to the pool of unclaimed funds continually being transferred to the government and awaiting rightful claims. Interestingly, nine out of ten times, this money goes UNCOLLECTED, ultimately becoming the exclusive property of the government—a kind of overlooked "free money."
FAQ
We Put Money In Your Pocket
Q: What is Billions Unclaimed, LLC?
A: We are a firm specializing in asset recovery, dedicated to assisting individuals and businesses in claiming funds rightfully owed to them. In simple terms, we aid you in recovering assets or funds that you may
be unaware of.
Q: Is this a scam?
A: No, this is not a scam. Although there are companies claiming to be asset recovery specialists, many lack a legal staff or awareness of the court filings and proceedings involved. Billions Unclaimed, LLC, however, specializes in asset and surplus funds recovery and will, at our own expense, engage attorneys well-versed in representing clients in court if necessary.
Q: Why choose Billions Unclaimed, LLC?
A: We are committed to delivering exemplary service with meticulous attention to detail. Clients rely on us to navigate the tedious process of recovering unclaimed funds, preserving their time and energy. Our team goes the extra mile to ensure the swift and efficient recovery of your funds.
Q: What does it cost me?
A: Nothing. We operate strictly on a contingency fee basis, charging only a percentage of the recovered amount. You pay only if we successfully recover funds; otherwise, there is no charge.
Q: Can I collect the funds on my own?
A: If Billions Unclaimed, LLC has notified you of unclaimed assets, it might be possible for you to claim them independently. However, we utilize alternative sources of unclaimed funds that extend beyond conventional state databases and websites. Our emphasis is on high-value assets.
Q: How do you know the money goes to me?
A: We conduct research of the asset to ensure you did not unknowingly sell or sign away your rights to it.
Q: What are the chances that you will be able to recover the money?
A: If the money is rightfully yours, we are determined to recover it. Our team has successfully recovered significant amounts of unclaimed funds, taking pride in reuniting clients with their unclaimed assets.
Q: What will you need to recover the money?
A: To be certain, we need to conduct thorough research. Depending on your case, we may need to find contracts, track down court documents, order deeds, copy photo identification, locate wills, conduct title searches, send out investigators, or visit government offices.
Q: Do I need to personally appear in court?
A: In almost all cases, choosing Billions Unclaimed, LLC means you won't have to appear in court. Our trusted counsel, retained at our expense, will attend all required hearings on your behalf. This convenience benefits clients residing out of state or country, enabling them to collect unclaimed and surplus funds without the additional hassle of travel arrangements or time off work.
Q: Are there any hidden attorney fees or costs when choosing Billions Unclaimed, LLC to recover my surplus funds?
A: There are no hidden attorney fees or costs associated with the recovery process. We cover all incurred costs, including legal fees and expenses, at our expense, and we only receive payment if we successfully recover your funds. Our contingency fee encompasses all legal fees and expenses and does not come from your portion of the surplus or unclaimed funds.
Q: How long will it take?
A: The timeline depends on how quickly we can gather necessary proof and identifying information and the speed at which the government holding the asset operates. It can take a few weeks to many months, depending on the state or county.
Q: How will I be paid?
A: Once the asset recovery process is complete, you will receive a check in the mail from the holder of your funds. In turn, you will pay our contingency fee. It's as simple as that.