State Unclaimed Funds

 Unclaimed property includes abandoned financial assets such as checking and savings accounts, unpaid wages, securities, life insurance payouts, uncashed checks, and the contents and/or proceeds of safe deposit boxes that have been without activity for a certain period of time. It does not include real estate. 

 Yes, most businesses have state unclaimed property resulting from normal operations. This can include uncashed payroll checks, which must be turned over to the State after one year, and most other property types, such as vendor checks and accounts receivable credit balances, which must be turned over after three years. Government entities must turn over all unclaimed property, regardless of property type, after one year. 

Yes, Generational Asset Recovery Group can provide guidance for businesses and non-profits in helping them reclaim their property in an efficient manner.