Across the United States, there are $56 billion of unclaimed property comprised of bank accounts, stock holdings, safety deposit boxes, and other personal property, waiting to be reclaimed by its rightful owners. State governments are able to use unclaimed property while it remains unclaimed.
It would make sense for states to be doing everything they can to help owners reclaimed their lost money or property. However, this is, unfortunately, not always the case. Some states do not disclosed enough information about unclaimed property accounts to the public making it difficult for owners of unclaimed property to assess their situation and determine if it would be in their best interest to enlist the services of private reclamation companies in their efforts to reclaim their unclaimed property.
We’ve created the following infographic to explain the unclaimed property situation across our nation, and the need for states to change their laws regarding unclaimed property. Florida, for instance, is a prime example of how allowing public access to information and a private reclamation services assists owners in the process of reclaiming more of their property.