In many jurisdictions around the country unclaimed assets are escheated to the state or various custodians for a variety of reasons including delinquency or abandonment. These unclaimed assets can originate from old bank accounts and safe deposit box contents, CDs, mutual funds, stocks, bonds, dividends, uncashed checks, wages, insurance policies, trust funds, utility deposits, escrow accounts, inheritance money, etc. This process of escheatment of property or money by private citizens to characterless agencies originated in feudal 16th century England. This unfair process continues in the US, founded on laws from the British Commonwealth centuries ago.
In consequence, millions of dollars in unclaimed money lawfully owed to private citizens are now lost and in many cases permanently forfeited to government agencies around the country.
With the assistance of Asset Recovery many claims have been recovered and the money given to its lawful owners who can now put it to good use for themselves and their families.
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