It appears that people would know where their money was, so how is it that each state has money unclaimed? Here are some of the ways that people “lose” their money.

This money comes from many sources, typically utility deposits, savings bonds, bank accounts, family properties, safe deposit box contents, employment checks, and insurance policies that have gone unclaimed and are now turned over to the state.

When a state has a natural disaster like Hurricane Katrina, it’s coffers can tenfold in dollar value. The reason behind this is that a very large portion of those who lose their home also lose important papers. Also some tend to forget the exact location of many of their assets, after all it was written down on the important papers.

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It appears that people would know where their money was, so how is it that each state has money unclaimed? Here are some of the ways that people “lose” their money.<\/p>\n\n\t

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This money comes from many sources, typically utility deposits, savings bonds, bank accounts, family properties, safe deposit box contents, employment checks, and insurance policies that have gone unclaimed and are now turned over to the state.<\/p>\n\n\t

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When a state has a natural disaster like Hurricane Katrina, it’s coffers can tenfold in dollar value. The reason behind this is that a very large portion of those who lose their home also lose important papers. Also some tend to forget the exact location of many of their assets, after all it was written down on the important papers.<\/p>\n\n