Unclaimed Property Blog

Unclaimed money in America has now touched almost all of the American households. In most of the American extended family, there is at least one person who has not staked a claim to their rightfully earned money. The reason is mainly because most Americans are completely unaware there is unclaimed money that belongs to them, which is unfortunate due to the increasing volume of it.

With millions in unclaimed money being registered every day in the country, owners of these funds, along with the caretakers of unclaimed money, are equally at loss. These huge piles of unclaimed monies are lying somewhere in the state treasuries. Despite the federal and state agencies efforts to unite the owners of these unclaimed funds with their rightful money, the progress has been slow.

State governments are having a huge reserve of unclaimed public money, despite the efforts to bolster its economy in this era of one of the largest economic slump. Most of the states have expressed their conerns with this influx of unclaimed funds into their treasuries. The ratio of incoming funds to the funds which are being claimed is still very high. Millions of dollars of unaccounted money is held in state treasuries with no possible outlet in sight.

At the moment, more than $40 billion dollars of unclaimed money and assets are waiting to be returned to their rightful owners. Statistically, more than 30 million American are missing out on their hard earned money which is still lying with the state treasuries.

State and Federal governments have to be commended for preserving unclaimed funds in a very methodical manner for years. That is very encouraging for U.S. residents irrespective of their age or place of residence – now they know that the government machinery is there to help in their efforts to search for the missing money.

In collaboration with federal agencies and other local agencies, State governments have taken concrete steps to ensure that the residents go through a very simple process for locating and claiming their missing money. As an individual who is in need of some help for locating their missing money, the following facts have to be understood:

Do you know that thousands of lottery money goes unclaimed every year? This is true; not a scam.

Studies reveal that, most of the lottery enthusiasts after buying a lottery ticket forget to check who the winner is. Often, when a person holds multiple lottery tickets there is a likely chance that he forgets to check one of its numbers properly. People at times, loose their lottery tickets or forget to check their lottery numbers.

In USA alone, there are billions of unclaimed dollars waiting for its owners. So if you are a person looking for your unclaimed cash, there are many databases available on the Internet to help you to find your unclaimed cash. There are more then 62+ data bases in USA alone to help you with your searching. So it is a tedious task for you to find your unclaimed cash from using these directories. But remembering a few tips suggested below will help you to find out your unclaimed cash easily.

Unclaimed property is a familiar term for a US citizen. But do you know what is the actual concept underlying in this term?

A property is declared as unclaimed property if the owner of the property neglects his assets or the owner of the property discontinue all his contacts with the company or institution or individual currently using the property, and the company or institution or the individual using the property can not communicate with the owner of the property because of various reasons such as change of phone number or address.

There are millions of people who shift from one place to another and do not even leave their forwarding address so that the insurance checks or salary checks could be sent to. There are hundreds of such unclaimed property or money matters that need to be solved.

If you are one of them you can also claim on unclaimed money search websites and fill in the information so that if you are eligible you will get back either your property or if it has been auctioned the amount will be given to you.

It is said that all beautiful things are free. There is no price to view the beauty of sunset, the warmth of a hug, the smile of a toddler, or the touch of a rain drop. But then what about a dinner in the Ritz, a holiday in Hawaii, a long drive. You need the GREEN for that; which always seems to be less. So if you come to know that there is some money, lying somewhere, with someone, which legally and in every terms belongs to you how would it sound? GREAT, Right. So to experience this, enter the WORLD OF UNCLAIMED FUNDS.

This statement, “The IRS has money for you” may seem odd to most of us; but there are many that have not received their refund. Read on for details on this.

Currently Georgia and Utah have published information regarding the IRS looking for residents in these states. Since we are talking IRS, this is happening in all states.

Some of you may ask how is this possible? One reason is that in today’s society people move around often and do not always leave forwarding addresses. Another common reason is that the peron filling out their tax return does not put the correct address down. So as you check your figures, check the address too.