What Is Escheatment & How Does It Affect You?

Escheatment is the legal process where businesses holding your unclaimed property is transferred to the state, after a period of inactivity ( 3- 7  years depending on the type) and having performed due diligence in trying to reach the owner or they will be fined. This includes forgotten bank accounts, uncashed checks, insurance payouts, stocks, and even trusts. 

Many people are unaware of or may have lost track of assets due to address changes, lost checks, or unclaimed estates. While the state safely holds these funds — it is up to you to claim them for free on their website or use an investigator like us to help you with the often confusing process.