Who we are?
Unclaimed Legacy, LLC (UL) is a passionate team of community advocacy professionals versed in independent research, state and federal laws that govern unclaimed assets, skip tracing and private investigation. We have over 40 years of combined experience leveraging the aforementioned areas for the advocacy and economic development of consumers.
What are unclaimed assets?
Unclaimed funds aka assets are any financial asset, being held for a person or entity that has yet to be claimed by the rightful owner. Currently across the nation, the total value of unclaimed assets in state custody is approximately $50 billion. In most cases the rightful owners or their heirs are unaware these assets exist. Therefore, they often unknowingly forfeit them to the government due to a lapse in statute of limitations. Unclaimed assets are not classified as real estate, abandoned personal property, or lost and found items but can include: dormant savings and checking accounts and certificates of deposit (CDs) .
How does this happen?
Millions of dollars are left unclaimed daily by individuals and businesses due to simple life changes and grammatical errors such as but not limited to:
Common reasons for Individuals:
Incorrect spelling of names and addresses
Change of address and/or telephone number
Name change due to marriage or divorce
Change of employment
Common Reasons for Businesses:
Mergers and acquisitions