Frequently Asked Questions
Please reach out to our Claims Management Team today if you don't see your question here.
I received a phone call or a letter about my claim. Is this real?
In today's world, you are wise to question the validity of any claim before moving forward. One way to determine if the company or person you're dealing with is unethical is if they ask you for any money upfront. With a legitimate claim, there is never any reason to require upfront cash to pursue the funds. Asset Recovery will never ask you for any upfront money and will advance any out-of-pocket expenses in establishing your right to the monies owed. Asset Recovery will pay attorney retainers, court costs, notarization fees, mailing costs, etc., associated with the recovery of monies owed to you.
Where did the funds come from?
We specialize in difficult-to-find claims requiring expert knowledge of unclaimed funds resources. This includes but is not limited to the following:
Bank accounts
Safe deposit bank contents
Mutual funds
Stocks
Bonds
Dividends
Uncashed checks
Wages
Insurance policies
CDs
Trust funds
Utility deposits
Escrow accounts
Real Estate
Inheritance money
Why wasn't I notified before hearing from Asset Recovery?
There is a conflict of interest in many jurisdictions where the agency charged with notifying potential claimants of their money stands to keep the money if the claimants remain in the dark. Thus, agencies perform only the bare minimum, if any, notification efforts.
When does the statute of limitations expire?
Many forms of unclaimed funds are subject to expiration. The time available to claim funds depends on where the money is being held and how much time has already elapsed. Asset Recovery extends substantial resources to try to locate the claimant when the claim is still new. This gives us the maximum amount of time to make a successful recovery. In other instances, the claim may be just days from expiration. In either case, it is wise to pursue the claim as soon as possible. In many cases, the agencies holding the assets have many requirements that must be met before the money is released. Unfortunately, they typically do not move quickly, so it is best to start the process ASAP.
Why do I need Asset Recovery Inc. to help me?
The first prerequisite to claiming it yourself is to know where the money is held. Not all claims are easy to find. If you were to locate it, there are still good reasons for having an experienced third-party pursue the claim.
The agencies holding the assets often have many requirements that must be followed to prove your entitlement to the claim and format your request. These agencies can prove difficult to work with in responding and delaying the relinquishment of your money. After all, they stand to keep the money if you do not follow their rules and meet their deadlines. Having the experienced Asset Recovery Team help you navigate the labyrinth may be a wise decision. Asset Recovery reserves the right to retain an attorney to successfully pursue your claim at no cost to you.
How much does it cost to collect?
There is no one-size-fits-all answer to the exact fee amount, as it depends on the complexity of the case and the anticipated expenses involved. However, our agreement with you advances all attorneys’ fees, probate costs, court filing fees, notarization, mailing expenses, and all other required costs at the expense of Asset Recovery. You will never be asked to pay these items out of pocket. In addition, many other companies will charge exorbitant fees upfront just for the details of the claim, and you are left on your own to try and collect. Asset Recovery is only paid if and when money is received.
How long does it take to collect?
There are several factors that determine collection time. The complexity of the claim, the laws governing when the money can be released, and how long the claim has been outstanding can all affect processing time. It can be as short as a few weeks or as long as one year or more. Your claims manager will update you with your claim status as information becomes available. Asset Recovery is committed to expediting your claim as soon as administratively possible. This only makes sense; Asset Recovery will only be paid upon successful collection.
Is an attorney required?
In some jurisdictions, attorneys are used almost exclusively because a formal motion to the district court is required to pursue the claim. The attorney can also request a Judge's order to release the money. In other areas, the format and requirements to file a claim are easier, and an attorney is not needed. The complexity of the claim could also dictate the need for an attorney. If an attorney is retained, Asset Recovery will advance all expenses.
How much experience or success has Asset Recovery had with unclaimed assets?
Asset Recovery is a well-established firm boasting a 16-year track record, 35 employees, over 75 contractors, and millions of dollars in funds recovered while maintaining a nearly 95% success rate. The entire Asset Recovery Team is instrumental in orchestrating your claim and has decades of collective experience in the financial, legal, and real estate sectors.
What's next?
If you have received a letter or a call, please get in touch with us. If you are awaiting paperwork, use the time to study our website or contact your dedicated Claims Manager with any questions.
Upon receiving the initial paperwork, review it, and if you are ready to move forward with your claim, complete and send it back promptly. Asset Recovery will complete the claims process from there. We look forward to working with you.