$33 billion of unclaimed property is held in trust by states across the US. While each state has statutes requiring businesses to report and escheat unclaimed property on an annual basis, the burden is on the owner to claim their assets. Absent a proactive investigation into each state’s unclaimed property records, companies commonly miss the opportunity to recover available assets. Examples of unclaimed property include: CTMI’s consultants search each state’s records for unclaimed property. We search records based on our client’s entity structure, including predecessor companies, to ensure we identify all unclaimed property. The recovery process may take 30 to 120 days depending on the number of items identified and jurisdictions involved. Let CTMI recover your lost profits!
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