Unclaimed Funds, On the Rise?
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.
Unclaimed Funds is basically the money that is held by a court of law, for a recipient or owner who is entitled to these funds, however for whatever reason has failed to claim them. When any institution has unclaimed cash deposited with it for more than three years and when it is not able to contact the owner of the money, it usually hands over the money to the state or the federal authorities for safe keeping. They become the custodians for this unclaimed money.
The common sources of unclaimed funds are forgotten savings and checking accounts, ignored safe deposits, forgotten stocks, mutual funds, bonds, dividends, uncashed cashier’s checks, uncashed money orders, matured or terminated insurance policies, unreturned rent and utility deposits, credit memos, unclaimed wages or commissions, securities undelivered etc. Even if an investor dies and the family members are unaware of the investments made, it contributes to the treasure of unclaimed funds.
Now the treasure is known, what about the way to find the key, the route to it. The starting point on the trail is filling the Claim form and submitting the same to the state or the federal agency that is holding the funds. It is compulsory to attach the identification proof along with some additional proof, depending on the type of money to be claimed. Usually there are various agencies which help the owners in determining the current status of their funds and assist in the whole procedure.
Unclaimed Funds is an increasing phenomenon. Last year USA collected $22.8 billion of unclaimed money. It’s high time that people become aware of their own MONEY and claim it. The world moves around money, so how can you just leave it abandoned, unchecked and unclaimed? Go ahead, may be a treasure is waiting.
Missing money may be waiting for you!
Visit www.Cashunclaimed.com of a free search for your unclaimed money!
