Resources
Resources Vault
Have questions? Find answers here.
Explore our comprehensive FAQ guide for quick solutions and valuable insights tailored to address your common queries effectively.
Do you charge for this service?
Yes, we do charge, but not more than 10% of the recovered funds plus the cost of expenses, including legal fees. However, you do not pay anything unless we recover assets.
What is Unclaimed Property?
Unclaimed property includes financial assets abandoned by the owner for a period, such as checks, stocks, utility deposits, bank accounts, insurance proceeds, and more.
What does “escheated” mean?
“Escheated” means the company has transferred abandoned funds to the state, which holds these funds until the rightful owner claims them.
Can I work with you directly to recover unclaimed property?
Yes, you can contact us directly to search for property in your name and begin the claims process without needing a contract with another company.
What if I can’t find the funds I’m looking for?
Submit a claim form on our website, and our team will help locate and recover your property.
What happens if ownership of funds can’t be proven?
If ownership cannot be proven, we will notify you and continue to display the funds on our website for future claims.
Why does my property show $0?
A $0 value typically indicates a safe deposit box, stock, or bond.
How do I submit my claim and supporting documents?
You can use our claim portal to fill out the required information and submit your documents online.
How will my stock be returned?
If approved before sale, shares will be returned electronically via DRS. If sold, you will receive the proceeds and accrued dividends.
How does a claim involving a safe deposit box work?
Items are held for one year before being auctioned. Auction proceeds can be claimed at any time.
What are your service terms for recovery?
Our recovery services adhere to Texas law, which ensures fees are capped at 10% of recovered amounts, plus any legal fees if applicable.
Can I cancel my claim?
Yes, you may cancel your claim at any point before funds are recovered. If legal actions have started, additional charges may apply.
What if I don’t respond within 30 days to claim requests?
Your claim will be reactivated when you submit the requested documentation, even after 30 days.
Can I claim funds outside of the USA?
We do not mail checks internationally, but funds can be transferred electronically. Contact us for more details.
Can I recover assets under dispute?
If assets are under dispute, additional legal processes may be necessary. We will assist you through this.
I received an earnest money assignment form, but I cannot find the other party.
Earnest money requires consent from both parties for release. If you cannot locate the other party, you must provide a judgment from a small claims court.
What happens if I cannot respond by the 30-day deadline for my claim? Will it be denied?
Your claim will be reactivated when the requested documentation is submitted to our office.
What if the check amount was different than the amount on the claim form?
Discrepancies may be due to removal of properties belonging to another person, splitting claims among co-heirs or co-owners, or separate handling of shares.
Will you issue an IRS 1099 form?
No, consult a tax preparation expert for tax reporting concerns.
Can you mail a check outside the United States?
No, checks cannot be mailed internationally. Contact our office if you have concerns about this.
How can I contact Lost Assets Recovery Services for consultation?
To contact Lost Assets Recovery Services for consultation, you can reach out via email at info@lostassetsrecovery.com or call 1-281-817-0100.
What if the check amount I receive is different from what was listed on the claim form?
Discrepancies may arise due to the removal of properties belonging to other individuals, splitting claims between co-heirs or co-owners, or separate handling of stock or other assets.
What happens if ownership of funds cannot be proven?
If ownership cannot be proven, we will notify you and continue to display the funds on our website for future claims.
How does a claim involving a safe deposit box work?
Items are usually kept for one year before being auctioned, and significant papers are held for five years. Auction proceeds can be claimed at any time.
How can I submit my claim and supporting documents?
You can use our claim portal to fill out the required information and submit your documents online. Alternatively, you can contact us via email or phone.
How will my stock be returned?
If your claim is approved before the stock is sold, shares will be returned to you electronically via the Direct Registration System (DRS). If the stock has been sold, you will receive the proceeds, including any accrued dividends.
I received an earnest money assignment form, but I cannot find the other party. What should I do?
Earnest money requires consent from both parties for release. If you cannot locate the other party, you must provide a judgment from a small claims court.
What type of documentation will I need to provide to support my claim?
The specific documentation required depends on the type of asset being claimed. Our Research Department will guide you through the process, and you can submit the documents using our claim portal or via email.