About Us

Burns Asset Recovery, LLC. specializes in unclaimed fund recovery providing services aimed at helping individuals, businesses, or organizations recover lost, forgotten, or unclaimed financial assets. These assets could include funds from dormant bank accounts, uncashed checks, insurance policies, security deposits, or even inheritances. The specific services we offer include:

1. Asset Research and Identification: BAR, LLC. conducts thorough research to identify unclaimed funds or assets on behalf of the client. This involves searching through various databases, financial institutions, government records, and unclaimed property websites.

2. Claims Filing Assistance: Once unclaimed assets are identified, BAR, LLC. assists clients with filing the necessary paperwork and claims forms to retrieve the funds. We help ensure that all legal and procedural requirements are met to avoid delays or rejections.

3. Document Preparation: BAR, LLC. helps gather and prepare supporting documents, such as proof of ownership, identification, or legal claims, which may be required to substantiate the claim for the unclaimed funds.

4. Legal and Compliance Support: Some cases may involve complex legal or regulatory issues, particularly when dealing with estates or corporate entities. BAR, LLC. may collaborate with attorneys to resolve disputes or comply with regulations.

5. Client Representation: BAR, LLC. may act as a representative on behalf of the client, communicating with financial institutions, government agencies, or other entities to expedite the recovery process.

6. Asset Tracing: In more complicated cases, where funds have been transferred, reallocated, or hidden, BAR, LLC. may offer forensic accounting or investigative services to trace the movement of funds and recover them.

7. Success-Based Compensation: In many instances, BAR, LLC. operates on a contingency basis, meaning we only charge a fee if the unclaimed funds are successfully recovered. This assures our clients that BAR, LLC. pursues claims diligently.

8. Updates and Tracking: Our clients are typically kept informed about the progress of their claims, with regular updates on any developments or challenges encountered during the recovery process.

9. Appeal Handling: If a claim is initially rejected, BAR, LLC. may help the client file an appeal or resubmit the claim with additional evidence to improve the chances of recovery.

These services streamline the process of reclaiming unclaimed assets, saving clients time and effort, and increasing the likelihood of a successful recovery.

Here are some frequently asked questions (FAQs) related to the services of an asset recovery business focused on unclaimed funds recovery:

1. What are unclaimed funds?

Unclaimed funds refer to money or financial assets that have been forgotten, abandoned, or left unclaimed for a certain period of time. These can include dormant bank accounts, uncashed checks, tax refunds, insurance payouts, stock dividends, and more.

2. How does the asset recovery process work?

The process typically involves the recovery firm researching various databases and records to locate unclaimed funds, verifying ownership, preparing claims, and submitting them to the appropriate authorities. Once the claim is approved, the funds are released to the rightful owner.

3. What types of unclaimed funds can be recovered?

Unclaimed funds can come from a variety of sources, including:

• Dormant bank accounts

• Uncashed payroll checks

• Security deposits

• Refunds or rebates

• Insurance policies or payouts

• Dividends from stocks or bonds

• Inheritance from estates

• Pension funds or retirement accounts

4. How long does it take to recover unclaimed funds?

The timeframe for recovering unclaimed funds can vary depending on the complexity of the claim, the type of asset, and the agency or financial institution handling the claim. It may take anywhere from a few weeks to several months.

5. What documents are needed to claim unclaimed funds?

Documents required typically include:

• Proof of identity (government-issued ID, passport)

• Proof of ownership or entitlement to the funds (bank statements, tax returns, legal documents)

• Address verification (utility bills, lease agreements)

Burns Asset Recovery, LLC. helps gather and prepare these documents to ensure the claim is properly submitted.

6. How do you find unclaimed funds?

Asset recovery businesses use various tools to locate unclaimed funds, including:

• Government databases (e.g., state unclaimed property websites)

• Financial institution records

• Public records (e.g., probate or bankruptcy filings)

• Commercial unclaimed property services and databases

7. Do I need to pay upfront fees for your services?

At Burns Asset Recovery, LLC., many times we operate on a contingency fee basis, meaning we only charge a percentage of the funds recovered, and no fees are paid upfront. However, it’s important to verify this before engaging with a recovery firm.

8. Is using an asset recovery service necessary, or can I find my unclaimed funds on my own?

While it is possible to search for unclaimed funds on your own using free online tools, the process can be time-consuming and complicated. Burns Asset Recovery, LLC. can streamline the process, conduct deeper research, handle legal and regulatory requirements, and increase the likelihood of a successful recovery.

9. What happens if my claim is denied?

If a claim is denied, Burns Asset Recovery, LLC. will usually investigate the reason for the denial and may file an appeal or submit additional documentation to support the claim. We can guide you through the next steps to resolve the issue.

10. What is the typical fee for an asset recovery service?

Fees vary, but Burns Asset Recovery, LLC. typically charges a percentage of the recovered amount, often ranging from 10% to 40%, depending on the complexity of the claim and the firm’s policies.

11. Are there any risks involved in using an asset recovery service?

The primary risk comes from using a fraudulent or untrustworthy recovery firm. It’s important to do thorough research to ensure the firm is reputable. Legitimate firms will not ask for upfront fees and will operate transparently.

12. Can unclaimed funds expire or be lost forever?

In most cases, unclaimed funds do not expire and can be claimed at any time, although there may be exceptions depending on the jurisdiction or type of asset. Some funds may be transferred to state or federal governments if left unclaimed for an extended period, but they are usually still recoverable.

13. Can I claim funds on behalf of a deceased relative?

Yes, it is possible to claim unclaimed funds on behalf of a deceased relative, but you will need to provide documentation proving your legal right to claim the assets, such as a death certificate, will, or court orders related to the estate.

These FAQs address common concerns and provide transparency about the process and services offered by asset recovery businesses focused on unclaimed funds.