What are unclaimed assets?
Unclaimed assets refers to money that has lost contact with its owner. Each year millions of dollars in privately-owned accounts are marked as abandoned. This occurs when the account has been inactive for several years and the corporation administering the account is unable to correspond with the owner. Unclaimed funds can arise from such sources as dormant bank accounts, liquidated stock companies, lost tax refunds, uncashed dividends, escrow holdings, closed pension plans and even repossessed homes.
