Unclaimed Property Blog

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.

Lost cash is the unclaimed money by people in Texas. When people change their job or shift to other places they forget to collect their salary checks or insurance checks. Most of them forget even to leave back their forwarding address and so the money left remains unclaimed. In Texas if the money or the property remains unclaimed for five years it is declared as lost cash and it stays with Texas State Comptroller’s Office till the owner claims for them. This lost cash contains anything from forgotten bank accounts, stock and cash dividends, checks that have been not yet cashed, insurance benefits that have been un-collected and so on so forth. When Texas State Comptroller’s office turns over the lost cash then after two years it is auctioned off.

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.

Looking for money? Ever think to look to your state? No, not welfare money, but money that is yours. States hold money that belongs to the residents and sometimes the residents do not know it.

This money comes from forgotten or lost assets that are by law turned over to the state by financial institutions. The law for Indiana is when there has been no activity on an account for the last five to seven years (depending on the account) the money is to be turned over to the state as unclaimed property. Unclaimed property may also include the contents of a safe deposit box which has been turned over to the state. After 25 years this money if still unclaimed reverts to the state.

There are many different views on this. Here is some useful data on how to determine for yourself whether credit counseling is good or bad for your credit score.

Craig Watts, Public Affairs Manager at Fair Isaac Corp. (FICO), has stated that it is not their goal to have consumers consider credit counseling to be detrimental to their FICO scores.

This is good news; however, if the credit counselor negotiates a lesser contractual obligation, it is the lender who decides how to report that new obligation to the credit reporting agencies.

Iowa Treasurer Michael Fitzgerald is surprising Iowans with money they did not know they had.

Ogden Olson was surprised to learn that he was the rightful owner of approximately $2,800.00. He did not remember purchasing any stocks or bonds, but the state was holding common stock in his name.

Fitzgerald remarked that his office has payroll checks and other checks which have exceeded their expiration date. The largest cash amount listed is $613,000 for Brammer Manufacturing Co., a business no longer in operation. He also stated that a claim is expected to be filed.

There are several states looking for people that have unclaimed money. You could also be one of the fortunate ones.

Both Mississippi’s and Louisiana’s state treasuries hold unclaimed funds, stocks and money residents own but do not necessarily know they have.

Indiana Attorney General Steve Carter has more than $300 million to give away to rightful owners.

The money, which private businesses turn over to the state, could be anything from an overpaid utility bill to stocks a great-grandparent had. The amounts also vary. Unclaimed property also passes down from one generation to another.

Hurricane season is upon us once again. This statement brings to mind how one would safeguard important papers and also what are considered important papers. Read on for some help.

What would you do in an emergency and you had to evacuate your home. Do you have adequate documentation of your assets? This may sound like an insurance come on, but you should take a look at what exactly is in your home, furnishings and also the so called important papers.

Some states have money that doesn’t belong to them, so they are looking for rightful owners. Every state has a method of returning unclaimed money.

OK, if you are wondering how a state can have your money, here are some ways:

 * Dormant bank accounts including savings, checking, safe-deposit box
*  Stocks, bonds, mutual funds, and dividends
*  Wages or child support payments
*  Utility deposit
*  Estates
* Uncashed cashier's checks or money orders

The property listed above is sent to the state after the parties holding onto the property cannot find the rightful owner. Then the state is charged with the duty of finding the rightful owner to return the property. Each state has their own laws on how the property is turned over to the state and manners in which to claim the property.