"Escheat" is the right of a government to take ownership of estate assets or unclaimed property in the event there are no heirs or beneficiaries.
"Escheat "is a common law doctrine that transfers the real property of a person who has died without heirs to the crown or state. It serves to ensure that property is not left in "limbo" without recognized ownership.
Many of our clients have admitted to searching the States Unclaimed Funds site and stated they could not find anything with their name on it.
Our firm does not look for these accounts we AUDIT INTERNAL ACCOUNTS THAT ARE NOT REPORTED TO YOUR STATE.
TAMPA, Fla. (WFLA) — Florida’s Chief Financial Officer reported the final numbers for unclaimed funds and property returned to residents for both the whole year of 2022, and the month of December.
For December alone, over $26 million made it back to residents, according to CFO Jimmy Patronis. Throughout the whole of 2022, $351.2 million was returned.
Florida unclaimed property & funds currently total $2.5 billion
“I’m happy to announce the return of more than $26 million in unclaimed property to the pockets of Florida families and businesses in the month of December,” Patronis said in a statement in part. “In 2022, we returned $351.2 million and my team is working to surpass that annual amount in 2023. Florida currently holds more than 14 million unclaimed property accounts with a total value of more than $2.5 billion.”