The unclaimed property pile is growing at an alarming rate across all the state treasuries. This is creating a major concern for everyone involved in the management of this missing money. Every official and agency related to the disbursement and management of unclaimed funds are trying their best to locate the rightful owners and also spread the awareness about unclaimed funds.
In contrast to the earlier days, a large volume of relevant information is available to the potential owners of these unclaimed funds. Both the state and federal government have to be applauded for their efforts in reuniting the owners of these missing monies with the lost property. A lot of emphasis has been given to the availability of relevant information and also on the simplification of the process of claim.
Irrespective of the location, the first step is the identification of the state or residence at the time of loss or abandonment. After the identification and search process has been initiated, the actual application process starts, which might be the toughest part of the battle as far as reclaiming the missing money is concerned. Most of the states have unclaimed property web pages where the details of the claim process have been laid out and can be accessed by anybody. In most cases, states have their personal unclaimed funds database and this database is updated on a very regular basis so that the most current information is available to the public.
The first step towards the journey of reclaim is to identify all the states where you have lived or have been employed. A few things on the check list would include:
Identify the previous states of residence an employment.
Locate the website / phone number of the financial controller of your state.
Locate the website or phone number of your state comptroller, controller, or financial controller’s office. The best place to start will be website of NAUPA (National Association of Unclaimed Property Administrator’s). Once you are on this central site, you can click on the state of your residence.
Enter your last name and first name in the search box, and any refunds against your name will be shown – Enter all variations of the name
Verify the unclaimed amount with all your personal details along with the date of residence and the city of residence.
Completed Claim form along with all the supporting documents have to be sent to the address mentioned on the website.
The above process can be repeated for all the states where you have lived in.
After a couple of rounds of verification, you might be on your way to the bank with the missing money which you thought never existed. The current policies of the state government enable the claimants to get all the guidance and assistance from the state treasury and federal agencies in their search for the missing money.