And did you know that if the people who those funds belong to don’t know about it and don’t claim them, the government gets to keep them? Approximately 1 in 10 people have unclaimed property! There are literally billions of dollars in unclaimed property, held by state governments and treasuries within the United States.
The purpose of unclaimed property laws are to protect the public by ensuring money and property owed to them is returned to them, rather than remaining permanently with financial institutions, business associations, governments, and other entities.
Pursuant to jurisdictional regulations our organization mails letters and reaches out by phone to property owners informing them of property in their name held by the government agency. We are successful in reuniting owners with their unclaimed property.