Choice Plus, LLC Releases Infographic Exposing Unclaimed Property Policy and Restrictive State Laws
Miami, FL (PRWEB) December 11, 2014 -- “Across the United States, there are $56 billion of unclaimed property comprised of bank accounts, stock holdings, safety deposit boxes, and other personal property, waiting to be reclaimed by its rightful owners,” says Choice Plus, LLC’s in a recently released infographic regarding unclaimed property policy and restrictive state laws.
“It would make sense for states to be doing everything they can to help owners reclaimed their lost money or property,” they continue. “However, this is, unfortunately, not always the case.
The recently released infographic and article from Choice Plus, LLC explains the status quo regarding unclaimed property policy and how certain policies and laws actually hinders the ability of unclaimed property owners to regain possession of their property.
According to the infographic, approximately 40% of returnable unclaimed property remains out of owners’ reach due to lack of information, resources, and access to professional reclamation services.
Furthermore, the infographic also points out that, while states wait for individuals to claim their unclaimed property, states are able to spend the unclaimed cash to fund other programs.
The fact that states can use unclaimed property as a source of government funding raises legitimate questions regarding a lack of motivation to make policy changes that would increase unclaimed property return rates.
“Some states do not disclose enough information about unclaimed property accounts to the public, making it difficult for owners of unclaimed property to assess their situation and determine if it would be in their best interests to pursue a claim on their own or enlist the services of private reclamation companies,” Choice Plus, LLC explains.
For more information about services provided by Choice Plus, LLC, simply visit their website: http://choiceplusllc.com/unclaimed-property-reclamation-support-services/
The infographic illustrates that good state policies do exist today and cites Florida as a case study for some of the best public policies regarding unclaimed property regulations.
In conclusion, Choice Plus emphasizes that the two changes that should be made to improve unclaimed property policy are a) greater public access to property account information, and b) increased access to private reclamation companies.
About Choice Plus:
Choice Plus is a reclamation agency that provides professional and financial assistance to individuals who are entitled to received unclaimed money or property. They specialize in the administrative and judicial proceedings that are required to secure release of assets to their rightful owners. Individuals entitled to these assets can partner with Choice Plus to eliminate the work and uncertainty associated with the process and utilize their professional, experienced, and tenacious assistance. To learn more about their services, visit their website.
Choice Plus
866.446.2086
info(at)cpllc.com
http://www.cpllc.com
Randy Hotz, Choice Plus, LLC, http://choiceplusllc.com/, +1 360-631-9441, [email protected]
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