How do I get started?
If we have already contacted you, the first step is to complete and return the power of attorney agreement. This agreement spells out the terms and conditions in easy-to-understand language and provides JS#1 Investments Inc. with the authority to act on your behalf while working on the claim. After we receive all the required paperwork, a claims professional will contact you with any further requirements and will keep you updated on the status of your claim.
How long will the process take?
That can vary depending on the type and complexity of your claim or the entity holding the assets. The claims process can be as quick as two months or up to several months to complete once the claim is filed, but there are cases that take few years to complete. After receiving all the necessary paperwork, your claims professional will be able to provide a more accurate timeline based on your particular claim.
We will do everything possible to expedite your claim, but in many cases there are no laws mandating when asset holders must release the assets, so the asset holder dictates the length of your wait. Remember, we operate on a contingency-fee basis and require no payment until your assets are returned, so it is in our best interest to move as quickly as possible.
Is there a time limit to claim any lost or unclaimed funds?
There is no easy answer to that question. Every claim is unique, and asset holders are regulated by a variety of different laws. Assets held by the State Abandoned Property Offices usually have either lengthy or no time limits, but those are not the assets we normally locate and recover. Many assets we locate have fairly narrow time windows in which you can file a claim, and some asset holders are allowed to absorb the unclaimed asset after that time period expires. When we locate assets and contact potential claimants, we inform them of any relevant claims deadlines. Whether there is a deadline or not, the claims process can be lengthy, so we advise that you return all your paperwork as promptly as possible. The sooner we are able to recover your assets, the sooner you will be able to put them to work for you.
Can I claim these assets on my own?
If JS#1Investments Inc. notified you of lost or unclaimed assets it may be possible to claim them on your own. However, if locating lost assets and filing and following claims were easy, we would not be in business. The process of locating and claiming assets is challenging and time consuming and has taken years for us to perfect. We’ve found that even people who have located assets on their own give up in frustration because the claims process is often convoluted and confusing. Because we know the process and have developed solid relationships with asset holders, we can expedite your claim and help you recover assets faster, while avoiding unnecessary expenses and possible mistakes that would require an attorney representation.
How does JS#1 Investments Inc., make money in this process?
We advance all expenses incurred in the claims process, so you pay no upfront costs. Once assets are recovered, we deduct any expenses incurred from the total and you pay us the percentage from the remaining amount, as agreed upon in our written contract. Deducting expenses from the total amount recovered gives you added assurance that we will keep those costs to a minimum. Finally, in the uncommon instance that we are unable to recover your assets, we absorb all expenses and you owe nothing.