$35 Billion in Lost Property owed to Americans
It is reported that 8 out of 9 people have unclaimed assets or money. The nationwide total of lost property is estimated as high as $35 billion dollars owed to millions of people! Chances are most Americans or someone in their immediate family has money waiting to be claimed.
PR9.NET February 12, 2007 - Santa Ana, CA – It is reported that 8 out of 9 people have unclaimed assets or money. The nationwide total of lost property is estimated as high as $35 billion dollars owed to millions of people! Chances are most Americans or someone in their immediate family has money waiting to be claimed.
Most people have put a deposit down for a gas, electric or telephone account at some time. They may have moved and forgot about the deposit? The money is theirs, but now the electric company doesn't know where to send it. The money is placed in state's treasury department fund for unclaimed government assets. This is one of hundreds of places lost property may come from.
The most common types of Unclaimed Assets are:
• Savings or checking accounts, safe deposit box contents
• Stocks, mutual funds, bonds, dividends
• Uncashed cashier's checks/money orders
• IRS refunds
• Wages, child support payments
• Matured or terminated insurance policies
• Trust funds, escrow accounts
• The list goes on...
Finding Your Unclaimed Government Money
Option One: Search 50 state and the many federal databases trying all possible name variations (William Smith may be listed as W. Smith or Bill Smith). The government has not created a single database to search for unclaimed assets.
Even if a person has only lived in one state they may have unclaimed assets in other states databases. An insurance company in New York that owed someone money on a policy may place the unclaimed money in the state of New York's database, regardless of the state of residency of the beneficiary. An inheritance may also be listed under a state other than a persons state of residence.
Option Two: Utilize an all in one lost property database. Searching in a quality, single source database will search all state and federal databases, all possible name variations and provide the instructions and forms for submitting a claim once money has been found.
The reason the amount of unclaimed government money is growing billions year after year is people are not searching to see if any is owed to them. It may be money that was forgotten about or an inheritance the person never knew existed. People will never know if they have lost property until they look. A simple search may mean a check in the mailbox.
Cashunclaimed.com is the largest unclaimed asset and lost property database, including all state and federal databases. CashUnclaimed.com was founded to assist owners in easily locating and claiming their lost funds. The site offers more information on lost property and free unclaimed assets search at www.cashunclaimed.com.
Contact Nicole Anderson at 714-277-3040 extension 707 for an interview or any media questions. Or contact her by email at: PR@CashUnclaimed.com
# # #
Personal finance, cash unclaimed.
|Recent News Headlines
|Industry Category of Current Press Release