Lost assets refer to any money, property, or financial accounts that have been forgotten, unclaimed, or misplaced over time. These assets include unclaimed insurance benefits, unpaid wages, dormant bank accounts, stocks, or property that the rightful owner may have lost track of.

These assets often accumulate due to changes in address, death of a family member, or uncashed checks. Many individuals are unaware that they have unclaimed assets, which can remain untouched unless actively pursued for recovery.

• Dormant or Inactive: Lost assets are often found in accounts or property that have seen no activity for a significant period, such as bank accounts, retirement funds, or investment portfolios.

• Disconnected Ownership: Lost assets usually occur when there's a loss of contact between the owner and the asset-holding institution, such as moving to a new address without updating records or losing important documentation.

• Lack of Awareness: Many people are unaware they own certain assets due to overlooked inheritances, forgotten accounts, or long-forgotten stock investments.

• Complicated Legal or Financial Situations: Ownership disputes, unresolved legal matters, or estate complexities often contribute to assets being left unclaimed for extended periods.

• Delayed Claiming: Unclaimed assets often arise when individuals fail to claim payouts, refunds, or benefits promptly, resulting in funds being marked as lost or dormant.

• Monitor Financial Accounts: Regularly review your bank accounts, retirement funds, and investments to ensure they are active and properly managed.

• Keep Contact Information Up-to-Date: Ensure that all financial institutions and organizations have your latest address and contact details to avoid losing touch with your assets.

• Claim Refunds and Benefits Promptly: Respond quickly to any notifications regarding payouts, refunds, or benefits to prevent them from being classified as unclaimed assets.

• Maintain Records of Ownership: Keep detailed records of any properties, stocks, or inheritances you are entitled to, ensuring that claims can be made when necessary.