INHERITANCE RECOVERY

Missing Inheritance Search

Custodians are holding over $60 billion in lost money and over 80 million missing owners and heirs are entitled to this money. Assets become legally abandoned after the original owners or rightful heirs fail to communicate an interest in them over a period of time. The period of time that must pass before an asset is considered legally abandoned – the dormancy period – is set by law. It varies with the type of property involved, but generally runs one to three years.

If, at the end of the dormancy period, there has been no owner directed activity, those holding the assets – insurance companies (one-third of all life insurance policies worth hundreds of millions of dollars are lost), banks, brokerages, trade and credit unions, employers and utilities – transfer them to the protective custody of a trust account.

Most missing heirs do not know they are entitled to receive this money, because entitlement arises from the death of a family member who failed to leave behind complete financial records. Holders make only a limited effort to track down rightful owners, but it’s a near-impossible task for a number of reasons. Claimants often cannot be found because they’ve moved, switched jobs, changed name after marriage and divorce, or as a result of computer and clerical errors.

To search for money and property abandoned by a deceased family member, please contact us for an appointment.

Interested in learning more about our services? Speak with Mark Reese, CPA at (952) 451-3092 or email us at markreese@reesecpafirm.com

Contact Us

keep in touch
Get a Free Consultation
Reese CPA Firm

9744 La Foret Dr.,

Eden Prairie, MN 55347

Phone. 952-451-3092

Email. MarkReese@ReeseCPAFirm.com