Much of our team’s experience is with helping organizations achieve critical operating objectives. Hence, the Monetizor service was initially focused on locating and recovering assets for companies, non-profits, and government entities. After recognizing the potential to assist individuals and families, we quickly expanded to include any entity or individual. After all, who wouldn’t benefit from new found money or other property?
CORPORATIONS & ORGANIZATIONS
INDIVIDUALS, FAMILIES & HEIRS
CORPORATIONS & ORGANIZATIONS
As a corporate executive, leader of a non-profit, or government official, your time and resources are limited, often extremely so. That is why it’s imperative for you and your staff to focus on your organization’s purpose and the priorities that will lead to success in that pursuit.
The discovery and recovery of lost and unknown assets falls far outside of your entity’s main purpose.
Think about the very nature of unknown and lost property – you have no way of knowing the return, if any, before you dedicate resources, at a cost, to finding out if there are potential assets that might belong to your organization. Then, if you do find newfound property candidates, in most instances you will need to incur additional effort and cost to even determine if the value of your lost property is worth pursuing, as the majority of the various jurisdictional escheatment and unclaimed property laws prohibit disclosure of the size of the asset until after you have proven probable ownership! Then if you do decide to proceed you will again have to dedicate additional resources with appropriate expertise to complete the necessary steps and administrative processes required for recovery, which vary greatly and can be unpredictable depending on the circumstances. In the end it’s very difficult ensure you are going to locate, let alone recover your lost assets in a cost effective manner should you attempt to do so on your own.
This is where we come in. Monetizor Services aim to fill this niche role for companies by performing and/or managing this task that falls well outside the core functions of your accounting, finance or treasury department. We are experts and given our specialization perform this role more effectively and more comprehensively than any organization could do so internally. We function as a completely outsourced team to track down property that can be reclaimed, and we have the resources and expertise to do this work efficiently and at no upfront cost. We simply charge a small portion of the assets that are actually returned to you, removing any risk on our client’s part.
Monetizor engagements are tailored to specific client needs, ranging from very precise one-time property searches and recovery, to ongoing lost asset monitoring services — which can be local, national, or international in scope. Large corporate groups or multi-state / multi-national companies may especially benefit as unknown assets may be found across numerous regions and jurisdictions, all with differing requirements and processes for recovery.
INDIVIDUALS, FAMILIES & HEIRS
You may be visiting our site because you’ve already been contacted by us, or you may just be researching the topic. Regardless, you’re here and we’d like to help you understand how forgotten, lost, or dormant property comes to be and how we work to help you recover it.
Have you ever moved, changed jobs, or changed your name? Have you ever opened a bank or investment account and possibly forgotten about the account? Have you ever owned shares directly in a corporation or a policy with a mutual company? Have you ever made deposits or retainer payments with vendors, utilities or professional service providers that were never fully used? Have you ever purchased or sold property involving escrow? Have you had an insurance claim of any kind and if so did you properly track all of your related payments? Have you ever owned a life insurance policy or been close to someone who has? Have you ever paid taxes and if so ensured receipt of your refund? Have you ever received a gift card but never used it?
These are just a few examples of situations where money or other assets might become forgotten and lost. Then there are also those instances where you might never have know of the asset in the first place, such as being an automatic member of a class action lawsuit and entitled to your portion of the settlement, or as a creditor to a bankrupt person or company, or as the named beneficiary of someone else’s life insurance policy or investment account. Did anyone in your family pass on without a will?
As you can see, there are many ways in which you could be the owner of assets not currently known to you – and you could be entitled as an owner directly, as an heir to an estate, as a shareholder/stakeholder in various entities, or as a beneficiary of an insurance policy or a trust. The assets belonging to you could reside with corporations, courts, trustees, receivers, state agencies, the federal government, or even international institutions.
The requirements and process for recovery of course varies and that’s where Monetizor Services come into play. Once your property is located, we will also manage the numerous, certainly tedious, and at times challenging steps required to recover it. As consultants to corporations, startups and distressed companies we learned the importance prioritization, efficiency, reliability and trust – which we now apply in our efforts to recover lost or unknown assets on your behalf.
WHAT’S NEXT?
If you would like us to determine if you have assets not known to you or in your possession, or if you have been contacted by us already, please respond through our Contact page, call 855.554.5455 or email info@monetizor.com so we can help you recover what may be rightfully yours.