Unclaimed Property Intangible Assets : A Money Treasure Trove Beyond Lost Cars or Stray Animals
Unclaimed Property: “unclaimed property,” state law defines it as intangible property– meaning it’s not a physical object you can hold.
Unclaimed Property
WHAT IS THE PURPOSE OF THE UNCLAIMED PROPERTY LAW?
The purpose of unclaimed property laws is to protect the property rights of the lost/rightful owner and to ensure benefit to the public.
Unveiling the Benefits of a Voluntary Disclosure Agreement (VDA)
Main Benefits of a Self Unclaimed Property Audit or a Voluntary Disclosure Agreement (“VDA”)
UNCLAIMED PROPERTY REPORTING OBLIGATIONS
Holders are also obligated to perform the required due diligence/search letter mailings as required in almost all states.
UNCLAIMED PROPERTY LAWS: WHAT ARE THEY ALL ABOUT?
Unclaimed property involves intangible property, normally cash, checks or securities. The only
tangible property involved would be safe deposit box contents that goes unclaimed if the
holder/bank may have lost contact with the owner. This would constitute unclaimed property
when the state dormancy/holding period has been met.
Find Unclaimed Money Easily & Safely (Avoid Scams!)
Is Unclaimed Property Legit? Visit PEACC.com if your company needs assistance with an audit, unclaimed property reporting or process controls. PEACC.com has it all.
Search for Unclaimed Property Across America.
Search for Unclaimed Property Across America at website Unclaimed.org. All 50 states, District of Columbia, Puerto Rico, Kenya and Canada.
The Benefits of an Unclaimed Property Due Diligence Letter
Unclaimed property laws require companies to send due diligence letters to property owners before reporting them to the state. While it can be time-consuming, it can help reunite owners with their property, improve customer service, and avoid fines. Learn more about holder requirements by contacting PEACC.
Unclaimed Property Compliance Training
Get comprehensive training, follow-up support, and a free consultation – all at one affordable price!
AN UNCLAIMED PROPERTY COMPLIANCE REVIEW : COMMON AREAS A STATE WILL INVESTIGATE WHEN PREFORMING
An unclaimed property compliance reviews will assist you when a state comes to audit your firm. Be prepared!