You’re under no obligation to use this service, but if you choose to, know that states cannot charge for their services and if you do find unclaimed money in your name you’ll be able to retrieve it for free. If you’re curious about any unclaimed assets that may be in your name, it’s free to search and the best way to start is at the state level, and by law, each state must make this service available to all citizens. This unclaimed property can come from sources like insurance refunds, unpaid wages, pension benefits, savings bonds, security deposits, and tax refunds among others. This is called the “dormancy period” in which there’s been no contact from the owner and the funds are then legally required to be turned over to the state treasurer or state comptroller. Unclaimed property can be physical property or a sum of money that has been left unclaimed by the owner for more than one year. It may seem too good to be true, but this is 100% legitimate. But what if there was free money just waiting for you? A financial windfall might be closer than you think in the form of unclaimed property. You might be looking for discounts for senior citizens, discounts for veterans, or other ways to generate income. More and more these days people are looking for ways to cut back on their expenses and save money. There’s no telling until you start looking! What Is Unclaimed Property? In some cases, it could be as low as $20, but it could also be in the thousands. If you can find money with your name attached to it, it’s yours for the taking! With over $3 billion returned to Americans every year, there’s no telling how much could be waiting for you. Whatever the reason, this lost money is eventually transferred into accounts managed by state treasuries or the federal government and held there indefinitely just waiting for the owner to come along and stake their claim. Other times, it’s dividends from long-forgotten stock or bonds, or unpaid wages from a previous employer that never made their way to the rightful owner. Sometimes it’s a missed refund from taxes or an insurance payout. Money can be left unclaimed for several reasons.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |