Self Interest Trumps Unclaimed Property Rights

According to a 2015 California Legislative Analyst’s Office (“LAO”) report, unclaimed property is the fifth largest revenue source for the State of California.  This report also acknowledges the “tension” between State interests and an individual owner’s property rights. The term “Tension” does not fully capture the scope of the restrictions States have placed on the […]

Unclaimed Property Laws and How Dormancy Periods Affect Account Holders

In the year 2014, Pennsylvania suffered a large budget gap. Faced with an impending financial challenge, the legislature convened to find ways to increase state revenue. In an effort to reduce the budget deficit, the state took steps to tinker with their unclaimed property laws. They shortened dormancy periods for long-term hold investments and savings […]

The Three Unclaimed Property Myths Americans Wrongly Believe

At Choice Plus, LLC, we hear a lot about people’s misperceptions regarding what will be required of them by unclaimed property administrators in order to prove their entitlement to recover their property.  The biggest misperception is that anyone can recover their property without paying for help.  While many unclaimed property owners in Florida and California […]

The Benefits of Working With an Unclaimed Property Company That the State Won’t Tell You

Why do States discourage owners from paying a professional to handle their unclaimed property claim? It’s true that many people can, and do, recover their property without paying fees to a service provider. It is also true that people regularly pay for services that they can do themselves. In fact, National Public Radio recently reported that for the […]

Ms. O’Conner’s Case for Unclaimed Property and a New Precedent Set in Florida

In 2010, Ms. O’Conner came to Choice Plus LLC for assistance. She had an outstanding family support judgement against her ex-husband in the total of more than $177,000. In her efforts to recoup this money, O’Conner sought the help of Choice Plus, LLC to receive a partial payment of her judgment by claiming her husband’s […]

A Case Study on Unclaimed Property Success: George’s New Motorcycle

When George was a teenager, his dad talked about helping him buy a motorcycle. Though intentions were admirable, financial margins were never quite large enough to make the purchase. Years came and years went, and George is now a vibrant, middle-aged man, who still had a dream to own a motorcycle. After his father died, […]

Infographic: Unclaimed Property And Restrictive State Laws

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 […]