>United States: If an account is inactive for 3 to 5 years, brokerages must legally transfer the assets to state governments (escheatment), which typically liquidate securities into cash that the owner can reclaim at any time>United Kingdom: Under the Dormant Assets Scheme, cash and investment accounts left untouched for 15 years are moved to a central fund for social initiatives, though the owner's legal right to reclaim the cash value is permanently protected>Switzerland: Under the Swiss Banking Act, accounts are flagged after 10 years of no contact and published on a registry for 50 more years, after which the assets are permanently liquidated and given to the government with no remaining right to reclaim.How is this fair? What if im in a coma for 20 years? What if I want to live remotely?Werent there stories of homeless people returning back to find their brokerage accounts full of money? How come their accounts werent forced-liquidated.
