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  • A Beginner’s Guide to Escheatment: Understanding the Basics

    A Beginner’s Guide to Escheatment: Understanding the Basics

    What is Escheatment? Escheatment is a legal process by which unclaimed or abandoned property reverts to the ownership of the state. This process serves to manage properties that are left without an identifiable claimant. Various types of property can be subject to escheatment, including but not limited to bank accounts, uncashed checks, insurance proceeds, and

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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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