Trust Assets
Can Be Recovered.
When a property held in a trust is sold at foreclosure or a tax deed auction, any surplus funds generated belong to the trust. When a trust holds dormant bank accounts, uncashed insurance proceeds, or other assets that have been turned over to the state, those funds are recoverable by the trustee on behalf of the beneficiaries.
The challenge with trust-related claims is that they require proper documentation establishing the trust structure, the trustee's authority to act, and the beneficiaries' interest in the recovered funds. Without this documentation in order, claims are routinely denied or tied up in court.
RCG works with licensed attorneys experienced in trust law to prepare the correct documentation and file these claims on behalf of trustees and beneficiaries at no upfront cost.
Foreclosure Surplus Held in Trust Name
A property deeded into a trust that was later foreclosed may have generated surplus funds held by the court in the trust name. The trustee can file to recover on behalf of beneficiaries.
Unclaimed Property Under Trust Name
Dormant bank accounts, insurance policies, and other assets held in a trust name are escheated to the state when inactive. Trustees can reclaim these funds.
Successor Trustee Recovery
When the original trustee passes or resigns, a successor trustee steps in. We assist successor trustees in identifying and recovering assets the original trustee may have missed.
Dissolved Trust Residual Assets
Trusts that have been dissolved may have had assets escheated or held by courts without the former trustee or beneficiaries knowing. These are recoverable in most cases.
Assets May Be Waiting in the Trust Name.
We search court records and state databases under the trust name and any connected properties at no cost. If recoverable assets exist, we file the claim through licensed attorneys on behalf of the trustee and beneficiaries.