How to Find and Recover Unclaimed Property
Are you aware of all the properties due to you? You may not believe it but unclaimed properties and money owed to the public is now over 300 billion US dollars and growing. It is estimated that 9 out of 10 families are owed cash that sits unclaimed year after year. If you think you are not one of these people, think again after reading this article and learn how to find and recover unclaimed property.
Unclaimed property is any financial property that is inactive or dormant for a number of years and the owner is unknown or cannot be located. Unclaimed property include tax refund, insurance proceeds, royalty payments, stocks dividends and mutual fund accounts, dormant savings account, veterans benefits, store refunds, child support payments, payroll or cashier’s check and even inheritance you do not know. If you are financially challenged now, it would be very helpful if you could recover unclaimed property waiting for you.
These properties are classified abandoned and unclaimed for many reasons like the owner changed her name due to marriage or divorce, change addresses without informing the financial institution, death of the owner and heirs are unaware of the account and cannot be located, the owner retired or resigned from his or her job, the account has been forgotten and no transaction was made for over three years and may other reasons. To recover unclaimed property, the rightful owner must be located.
The property will be considered abandoned and unclaimed on a certain period of time defined by the law. As required by the law, financial institutions transfer these unclaimed properties to the state or government and it sits in the government care for years until claimed by the rightful owner. To recover unclaimed property, each state has laws in handling and retrieval of unclaimed properties. You can file a claim to recover unclaimed property after finding out that there are properties due to you. You maybe the direct owner of the account or the heir entitled to claim the properties.
Before thinking how to recover unclaimed property, of course you need to find out if there are properties owed to you. With advance technology, it is easier now to do your own investigation and you do not have to hire someone to do it for you. There are reputable websites that can help you search all your unclaimed properties at the comfort of your own home.
Our current database lists millions of dollars in unclaimed money, property, accounts and assets that could belong to you. To recover unclaimed property begin your search now visit Unclaimed Money Search