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  • Understanding Escheatment: A Simple Guide for Seniors

    Understanding Escheatment: A Simple Guide for Seniors

    What is Escheatment? Escheatment is a legal process through which unclaimed or abandoned property is transferred back to the state or government after a specified period of inactivity. This process is designed to ensure that assets do not remain in limbo indefinitely, and it serves to protect the interests of both the state and the

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Unclaimed funds represent a significant and often overlooked source of revenue for both individuals and businesses. Many governmental agencies across the country hold vast sums of money that rightfully belong to private citizens and companies. However, due to a variety of reasons, these funds often go unclaimed and ultimately revert to the government.

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