Frequently Asked Questions
How did you find me?
When we locate unclaimed or lost assets for people, we go to great lengths to make sure they receive them. We have highly sophisticated software developed for that reason, and subscribe to several national and international databases as well. Our investigators search public records such as voter registrations, telephone directories, driver’s records, birth and death certificates, change of address filings, marriage and divorce filings and military registers as well as genealogical and historical records.
Tax Asset Recovery follows a strict Privacy Policy and guarantees we will only use your information for the purposes of resolving your claim.
Are you a Collection Agency?
No. We are not a collection agency. In fact, you could say we are the opposite of a collection agency. A call from us means that we have found money that you are entitled to claim. In other words, some government agency owes you money. Tax Asset Recovery specializes in locating unclaimed and lost funds, contacting the individuals and businesses with the right to claim those assets, and assisting them in completing the claims process. A call, email or letter from us is great news!
What does “unclaimed or lost asset” mean?
The phrase refers to anything owed to you or your family that you are unaware exists. There are a number of reasons you or your family could be owed money you don’t know about. Every year Tax Asset Recovery locates millions of dollars being held in individuals’ names. In most cases the laws regarding these funds don’t require the party holding the assets to make more than a cursory attempt at locating the beneficiary, meaning that without our research that money would go unclaimed. If enough time passes, the Agency would absorb these funds for themselves.
How do I get started?
If we have already contacted you, the first step is to complete and return the contingency agreement. This agreement spells out the terms and conditions in easy-to-understand terms and provides Tax Asset Recovery with the authority to act on your behalf while working on the claim. After we receive all the required paperwork, a claims professional will contact you with any further needs and keep you up to date on the status of your claim.
How long will the process take?
That can vary depending on the type and complexity of your claim or the entity holding the assets. The claims process can take between one to six months to complete once the claim is filed, but there are cases that take several years to complete. After receiving all the necessary paperwork, your claims professional will be able to provide a more accurate timeline based on your particular claim.
We will do everything possible to expedite your claim, but in many cases there are no laws mandating when asset holders must release the assets, so the asset holder dictates the length of your wait. Remember, we operate on a contingency-fee basis and require no payment until your assets are returned, so it is in our best interest to move as quickly as possible.
Is there a time limit to claim any lost or unclaimed funds?
Yes. Many assets we locate have fairly narrow time windows in which you can file a claim, and some asset holders are allowed to absorb the unclaimed asset after that time period expires. When we locate assets and contact potential claimants, we inform them of any relevant claims deadlines. The claims process can be lengthy, so we advise that you complete all your paperwork as promptly as possible. The sooner we are able to recover your assets, the sooner you will be able to put them to work for you.
Can I claim these assets on my own?
If Tax Asset Recovery notified you of lost or unclaimed assets it may be possible to claim them on your own. However, if locating lost assets and filing and following claims were easy, we would not be in business. The process of locating and claiming assets is challenging and time consuming and has taken years for us to perfect. We’ve found that even people who have located assets on their own give up in frustration because the claims process is often convoluted and confusing. Because we know the process and have developed solid relationships with asset holders, we can expedite your claim and help you recover assets faster, while avoiding unnecessary expenses and possible mistakes.
How does Tax Asset Recovery make money in this process?
We work on a contingency-fee basis with all terms spelled out in a written contract signed by Tax Asset Recovery and you. We advance all expenses incurred in the claims process, so you pay no upfront costs. Once assets are recovered, we deduct any expenses incurred from the total and you pay us the percentage from the remaining amount, as agreed upon in our written contract. Deducting expenses from the total amount recovered gives you added assurance that we will keep those costs to a minimum. Finally, in the uncommon instance that we are unable to recover your assets, we absorb all expenses and you owe nothing.
Still have More Questions?
Just give us a call! We're here to serve you. Call (307) 306-5452