Billions of Dollars
Billions in Unclaimed Property and Unclaimed Money are held
by State and Federal Agencies.
You'll
Never Know Unless You Search!
Every day, someone loses
some form of financial property because of a change of address,
death, or just plain forgetfulness.
This unclaimed money is, by law, turned
over to government agencies.
Should you consider
a "pay to search service"?
All of the government and some of
the private databases we link you to are absolutely
free. However, since not all missing money is
listed in government databases, you may
want to consider the "pay to search" services
you will see advertised on this site. These services
may have access to missing money you won't
otherwise find.
Do you have unclaimed money?
People receive letters
every day from professionals offering to recover unclaimed
property for a fee. Usually this is the first time
the legal owner has heard about the property. Fees can be
30% or more.
With our help you can turn this lost money into found
money.
Lost Life Insurance
An often overlooked
form of lost money is lost life insurance policies. At
least twenty percent of life insurance policies become lost
life insurance and are turned over to state unclaimed
money departments. Often these life insurance polices
become lost life insurance policies because the
survivors never knew the policy existed.
Real Estate is never included in the definition of Unclaimed
Property as used by federal and state laws concerning
escheatment or the disposition of abandoned property.
I was contacted by an "heir
finder."
What if someone contacted you out
of the blue and said they found some unclaimed money belonging
to you? The story is that the unclaimed money consists
of unclaimed funds that you own, sitting
in an old bank account. Is this a scam?
Probably not. Chances are you have
been contacted by a "middle man".
The middle man is probably a finder company that
specializes in searching out unclaimed assets to
reunite with the owner. There is nothing wrong with that,
as far as we know. The only problem is that the finder company
will want their cut - up to about 30% or more of your unclaimed
money.
What is Unclaimed Property?
Bank accounts, insurance payments,
dividends, stocks, utility deposits or other intangible property
usually become unclaimed assets because
of a change of address. A company or government wasn't notified
and was unable to locate the owner of the unclaimed property.
As required by law, the unclaimed money was
turned over to the state and added to the state databases.
But its still your money and the states want to find you.
State Unclaimed Money Links
Use the links we provide to find these free
state unclaimed money databases. These government
agencies are drawing interest on your money while they wait
for you to find it!
Federal Unclaimed Money Links
What about the federal government?
By all means check the federal links such as FDIC,
HUD, IRS, PBGC, Federal Treasury Hunt and others.
In 2004 alone about $75 Million in IRS refund checks were
returned to the IRS as undeliverable. The PBGC has unclaimed
pension money and the FDIC is holding unclaimed
insured deposits from bank failures. And the Bureau
of Public Debt (The Treasury) has a search entitled "Federal
Treasury Hunt"!
How Much Unclaimed Property Is Out There?
Various estimates place the total
amount of unclaimed money owned by Americans
anywhere from "billions" to a
trillion dollars. The State of Florida alone
reports more than a billion dollars in unclaimed
money that it holds for owners. Florida, like
most states, offers free searches of unclaimed funds to
owners. So does New York which holds about $6 BILLION
in unclaimed money!
How Can This Be?
Why is there so much property sitting
in the states' unclaimed funds accounts? People
simply don't know about it! Our mission is to save
you hours of surfing the web to find your missing
money.
How To Prevent your
property from becoming Unclaimed Property:
- Keep a record of all bank and savings
accounts. Indicate your interest in and awareness of all
accounts by contacting the holder at least every five years.
- Record all stock certificates and be
sure to cash all dividends received.
- Record all utility deposits, including
telephone deposits.
- Respond in writing to any requests for
confirmation of account balances with banks, stockbrokers
and utility companies.
- Prepare a checklist of all accounts
to be notified when you change your address. Share this
list with a family member or trusted advisor.
- Notify your bank, broker, credit card
issuers, employer, 401K administrator, life and health
insurance contacts, mortgage lenders, doctors, attorney,
accountant, retirement fund, investment accounts, mutual
funds, safe deposit box account, and others of any name
change or change of address.
- Notify your business contacts of your
change of address when you move.
- Cash all checks promptly upon receipt.
Good luck and we hope you have "Found Money!"
For Free Searches go
to the "States" page!
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