Connecticut Contract to Locate Unclaimed Assets

• Category: Contracts - Unclaimed Assets
• State: Multi-State
• Control #: US-00700BG
• Format: Word; Rich Text

Description

This form is a sample of an agreement to locate unclaimed assets and/or property owned by others that do not know of such property. Examples of such property would be overbid funds from property that has been sold or is about to go to sale by public officials for back taxes that are due, as well as unclaimed property from a decedent's estate. Connecticut Contract to Locate Unclaimed Assets is a legal agreement entered into by the state of Connecticut and an individual or company specializing in asset location services. Under this contract, the designated party "locators" is given the responsibility to search for and identify unclaimed assets that have been turned over to the state's unclaimed property division. Unclaimed assets refer to financial assets, such as bank accounts, stocks, bonds, unwashed checks, safe deposit box contents, insurance policies, and other similar holdings that have become dormant or forgotten by their rightful owners. These assets are typically BS cheated after a certain period of inactivity or lack of contact with the owner, and Connecticut law requires them to be surrendered to the state for safekeeping. The Connecticut Contract to Locate Unclaimed Assets allows the state to enlist the services of third-party locators who have the expertise and resources to conduct thorough searches and locate individuals or organizations entitled to these unclaimed assets. Locators are often private businesses or individuals with specialized knowledge in asset research and recovery. The contract outlines the rights, obligations, and compensation structure for the locator. The locator may receive a percentage of the value of the assets successfully recovered on behalf of the rightful owners. It is important to note that these locators work on a contingency basis, meaning they are only compensated when they successfully locate and help return the assets to their rightful owners. Different types of Connecticut Contracts to Locate Unclaimed Assets may vary based on the specific criteria and objectives set by the state. For example, the contract may focus on a specific type of unclaimed asset, such as forgotten bank accounts, or it may have a broader scope encompassing various asset categories. Some relevant keywords related to Connecticut Contract to Locate Unclaimed Assets include: — Unclaimed asset— - Asset location services — Financial asset— - Escheatment - Dormant accounts — Asset research and recover— - Private locators — Contingency basi— - Surrender of assets — Escheatment la— - Connecticut unclaimed property division — Safekeeping of asset— - Pending assets. — Forgotten assets.

Connecticut Contract to Locate Unclaimed Assets is a legal agreement entered into by the state of Connecticut and an individual or company specializing in asset location services. Under this contract, the designated party "locators" is given the responsibility to search for and identify unclaimed assets that have been turned over to the state's unclaimed property division. Unclaimed assets refer to financial assets, such as bank accounts, stocks, bonds, unwashed checks, safe deposit box contents, insurance policies, and other similar holdings that have become dormant or forgotten by their rightful owners. These assets are typically BS cheated after a certain period of inactivity or lack of contact with the owner, and Connecticut law requires them to be surrendered to the state for safekeeping. The Connecticut Contract to Locate Unclaimed Assets allows the state to enlist the services of third-party locators who have the expertise and resources to conduct thorough searches and locate individuals or organizations entitled to these unclaimed assets. Locators are often private businesses or individuals with specialized knowledge in asset research and recovery. The contract outlines the rights, obligations, and compensation structure for the locator. The locator may receive a percentage of the value of the assets successfully recovered on behalf of the rightful owners. It is important to note that these locators work on a contingency basis, meaning they are only compensated when they successfully locate and help return the assets to their rightful owners. Different types of Connecticut Contracts to Locate Unclaimed Assets may vary based on the specific criteria and objectives set by the state. For example, the contract may focus on a specific type of unclaimed asset, such as forgotten bank accounts, or it may have a broader scope encompassing various asset categories. Some relevant keywords related to Connecticut Contract to Locate Unclaimed Assets include: — Unclaimed asset— - Asset location services — Financial asset— - Escheatment - Dormant accounts — Asset research and recover— - Private locators — Contingency basi— - Surrender of assets — Escheatment la— - Connecticut unclaimed property division — Safekeeping of asset— - Pending assets. — Forgotten assets.