Unclaimed cash and property have been the prime concern for U.S. state governments. Though the property and cash is safe in the government treasury, it is not supposed to be there. People have started responding and acquiring unclaimed cash and property. They are claiming what has been rightfully theirs on a more aggressive note.
Last year, Michelle Bixler of Pennsylvania received her $35,000 check that was owed to her nine years back as an insurance amount. Another St. Louis citizen got his $1.6 million back. People who have no unclaimed cash in their name can even retrieve unclaimed cash and property of their parents name by claiming as legal heirs. This example was set by Russ Johnson who could claim his parents $2,985.65 that he was completely unaware of.
The above claimed example validates the state’s efforts to return unclaimed cash and property in the most coherent fashion. It has been evaluated that on an average a claimant receiving about $1000 was not uncommon. It is only the matter of increasing awareness as more and more people are finding and claiming the unclaimed cash they unknowingly left.
Enormous Amounts Laying Unclaimed
The amounts that are laying unclaimed can be equated with economic values of small countries. It has been estimated by the National Association of Unclaimed Property Administrators (NAUPA) that unclaimed assets worth $32.9 billion are lying with the state treasuries and other agencies.
The amount however is still rising in spite of major increase in the number of claimants. Since U.S. government is still ineffective in having a centralized database, a citizen trying to track unclaimed cash and property might incur hardships.
However to ease up the process, citizens can use the help of www.unclaimedcash.com. This site has a huge database and ensures a speedy online search, which makes the entire search process more convenient. A prime example of this was Jann Oldsmar of Florida who found $5,000 in just a few minutes.
By the end of 2009, it has been evaluated that the Internal Revenue Service had more than $120 million in the form of unclaimed refund checks that were returned due to wrong mailing addresses. On an average, the amount of undelivered check was estimated to be $1,148. There were even some tax payers who were completely unaware of multiple refund checks.
State governments have adopted best polices and tactics to contact rightful owners of the cash. Coherent steps have been ensured for thousands of personal letters, emails and messages sent every day. But due to changes in residence addresses these techniques are not bearing much fruits, thus dissuading unclaimed cash and property from their rightful owners.
Online searches through the medium of website are the best available option for people tracking their unclaimed cash and property as it is free of charge. Since the search is free it becomes more convenient for people by providing them with assistance for filing their claim. This will ensure that the state unclaimed money will vanish fast.
There is millions of dollars laying dormant with the state treasury right now, which some could be your unclaimed money! The act of finding out how much unclaimed money you are owed is made very easy due to one website! Go to www.cashunclaimed.com to find out how much money you are owed today!