Protect what’s yours
Trusted by over 50 estate law firms and businesses, Missingwealth has enabled the discovery of over $6 million in assets. We’re on a mission to ensure assets never go missing.
Protecting the wealth of individuals and businesses
Are you an executor or estate trustee?
Missingwealth Profile enables your law firm to perform thorough due diligence to uncover assets and liabilities belonging to an estate.
Are you an estate law firm?
Missingwealth HolderExchange powers the sharing and exchange of assets prior to state unclaimed property reporting periods.
Do you represent a business?
Missingwealth Profile provides peace of mind by searching for assets and liabilities from 100+ organizations.
How do assets go missing?
Assets can go missing for a variety of reasons including account inactivity, moving, marriage, divorce and death. All of these reasons also apply in a business context with much higher degrees of complexity. These events can cause your name or contact information to change making it harder for companies that owe you money to contact you. In 2019, The New York Times reported that unclaimed assets in the US were up to $80 billion and growing.
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Unclaimed Stocks
If you are a long term investor and don't log into your account regularly, the company is required by law to transfer your shares to the state after three years of inactivity. The state holding your stock can then liquidate the stock and hold the cash value for you to claim. In this case, you do not get to benefit from any stock gains. Click here to listen to the story about Walter's Amazon shares he bought with E-Trade that should have been worth $100,000 after 20 years but instead were liquidated by the state of Deleware in 2008 and only worth $8,000.
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Unclaimed Life Insurance Policies
What happens if you have a life insurance policy but haven’t named beneficiaries or told your family where to find your policy and who to contact for a claim? Some families find out their loved one had a policy only when they get a statement in the mail. With paper mail becoming obsolete and some insurance companies no longer sending paper statements, it is increasingly difficult to discover and claim life insurance policies of which premiums may have been paid for many years. Click here to read more about the billions in life insurance benefits that have gone unclaimed.
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Unclaimed Retirement Accounts
Many employers sponsor defined-contribution pension accounts including 401(k) plans and Registered Retirement Savings Plan (RRSP) accounts. Unfortunately, when some people change jobs or retire, they do not move their investments with them or inform their family of those investments. The average balance in a 401(k) account is $55,400 and 24 million participants have “forgotten” about their 401(k) plans resulting in $1.35 trillion in old, forgotten accounts. Click here to read more about retirement accounts that have gone unclaimed.
Our trusted partners include
“What truly sets Missingwealth apart is their unwavering dedication to their clients’ needs. They approached our case with a level of diligence and care that surpassed my expectations. Knowing that I had their support gave me the confidence and peace of mind necessary to navigate through a challenging time.”