Cases we investigate involve cash assets worth more than $20,000. It’s worth a few minutes of your time to get free information about your interest in the case we are calling you about. This is not a random call or a solicitation for you to pay money in advance. Considerable effort goes into determining who is entitled to the unclaimed property or inheritance. If you prefer, you can have us speak with a relative or trusted adviser.
Yes you can. Filing a claim for the return of unclaimed property is similar to concept of filing for a tax refund. The complexity of proving ownership of the property will depend upon the circumstances related to ownership of the property. Success will depend on experience, knowledge of unclaimed property laws and rules, time availability, the degree of difficulty related to proving ownership and working with others who may have an interest in the property. Government data shows that more than half of all claims are rejected for failure to provide adequate proof of ownership. Unclaimed property administrators require that the documents provided to prove ownership meet a preponderance of evidence standard to avoid lawsuits. Our success rate is over 95%
Proving ownership of unclaimed property or an inheritance is a process that requires expertise, time, attention, and often includes upfront costs such as legal fees. People hire us (as they would H&R Block to get their tax refund) for our expertise. We work with people whose lives are busy, who want to reduce risk of losing money and time on a failed claim attempt, increase their odds of success and speed up payment. As our testimonials show, clients find our services to be effective and valuable. Our experience and persistence produces results where others have failed.
Each case is unique. Fees are determined by what is required to document ownership or to distribute inheritance, the risk we take relative to the amount time and financial resources we must expend to prove ownership and the anticipated difficulty involved to deliver your assets to you. Service fees are fully disclosed in advance – there are no upfront charges or fees. Fees are contingent upon success. If we fail you owe us nothing.
The complexity of the case will govern how long it will take to get paid. Your Account Executive can provide an estimate based upon the specifics of your case. Simple claims will take 3 to 6 months. Complex cases can take up to 2+ years. If you elect to sell your claim or inheritance rights, payment can occur in 10 days or less.
Perhaps 10 minutes. A few signatures and a photocopy is usually all that is required of you. Choice Plus will handle document retrieval, research, probates when required, weekly monitoring, defense against fraudulent claims and paying attention to all the numerous details necessary to get you paid.
Your check will be delivered directly to you from the fund holder, an attorney’s trust account or our trust account. Circumstances will determine how distribution occurs. Ask your Account Executive for specifics regarding your case.
Choice Plus provides services on a contingency basis. In other words, we only get paid when we are successful in recovering the unclaimed property or inheritance on your behalf. Service fee due to Choice Plus are paid directly from the fund holder, an attorney’s trust account or our trust account.
Dormant assets - are typically stocks, bonds, checking, savings or retirement accounts which have had no activity for an extended period of time. Unclaimed Property - is typically insurance policy benefits, inheritance, uncashed cashier’s checks, deposits, refunds, sales proceeds, escrow funds, judicial settlements, etc., that have never been claimed or the attempt to claim the asset failed.
* Dormant assets often belong to people who have passed away.
* Situations such as divorce, death, relocation, job loss, and business hardship are common reasons assets become dormant, lost, or forgotten.
* A relative could have investments, insurance policies, or bank accounts that you did not know about.
* Financial matters get overlooked or forgotten during times of stress.
Generally, recovering your property does not represent income. Inheritance is tax free up to the exemption amount. The amount of the inheritance exemption will depend what the exemption amount was in the year the person you inherit from died. We are not qualified to provide tax advice. Check with you tax professional to determine if your circumstance create a tax liability.