Unclaimed Property Blog

When you search for lost cash, you might find an old 401K account that has grown much larger than when you last saw it. That’s what’s happening more and more as individuals conduct searches for money that somehow become lost and then ended up in State or Federal Treasury accounts across the country. A person typically starts a 401K account because it is offered by their employer. As they continue to work, they will add to their 401K account and oftentimes the employer will match their contributions to create an even bigger sum for the future. The idea, of course, is that the person will be able to retire on the healthy sum that results from years of working for the same employer. What happens, then, when the person changes jobs? What happens to the money in that 401K? As we’ve mentioned, many are finding this lost cash years later in 401K accounts that have long been abandoned.

The Cash Unclaimed database holds millions of names of individuals and businesses that may have lost or missing money owed to them. This database wasn’t always available and this made searching for lost or missing money incredibly difficult up until a few years ago. Prior to the development of the Cash Unclaimed database, individuals and businesses had a long and arduous road ahead of them if they wanted to uncover old missing payroll checks or abandoned bank accounts – two of the many sources of lost or missing money in the U.S.

In the state of Kansas, it is up to the state Treasurer to account for and return found money to the rightful owners. And it seems that Ron Estes is up for the job. With a regularly updated website and an active campaign designed to help rid the state of this lost and found money problem forever, it seems that Kansas is doing all the right things when it comes to managing the untold sums that continue to flow in year after year. Where does lost and found money come from and how is Ron Estes helping people locate that money? Let’s delve a little deeper to find out.

Michigan’s missing money problem is becoming as great as the very lakes that surround it. The mitten shaped state has faced missing money problems before, but never before have treasury officials felt so strained. According to the Michigan department of Treasury missing money department, the state has added more than 850,000 names to its registry. That means more people are now contributing to the missing money problem. All it takes is a simple money search and the Michigan missing money problem could be a thing of the past.

How Do You Conduct a Missing Money Search?

If the entire country worked together, we could finally rid treasury coffers of lost cash, this according to officials across the country. The federal and state governments are holding onto billions of dollars in lost cash and the only remedy is public awareness and support. Until more people become aware of and search for lost cash, we may never rid the country of it for good.

The Origins of Lost Cash

As people vow to give up cigarettes, drop a few pounds or start up the latest exercise routine as their new year’s resolutions, we are urging all citizens of this great country to conduct a search for missing money. Throughout the year we have national holidays that are built around certain causes. Going with this same thinking, we should have a holiday for missing money. We could make it the month before tax day, March 15, 2013. That way the people that do find money can have it in their accounts just in time to pay Uncle Sam. Good thing it’s so easy to search for missing money. If you have an Internet connection, you too can search for lost or missing money that may have your name written all over it.

Most people go to work every day and still have little to show for it. They  may have a nice home, a nice car, the latest gadgets and otherwise might appear to be wealthy, but most people are only living paycheck to paycheck. Even the ones who aren’t living paycheck to paycheck are only one serious illness away from being destitute like that. This means that few people actually have money in their pocket. No matter where you fall on the financial spectrum, if you could use more money in your pocket, there may be hope. That hope lies with Cash Unclaimed.