If you have ever moved without claiming any security and utility deposits or even forgotten about an old savings account. Ever wonder what happens to that unclaimed money? Well, technically it's still yours until you claim it. And if you never do, then the unclaimed money will go to your benefactor.
There are billions of dollars worth of missing money and unclaimed assets in the United States. Because of the overwhelming resources it takes to manage this information, select state governments have made it easy to search unclaimed money and missing assets easily online. Most of the government search sites are limited to property search, but larger national unclaimed asset database have been compiled to let you search for unclaimed money and other unclaimed assets.
Unclaimed assets can be in the form of financial sums which have been abandoned over time. These can include:
Utility, Water and Power deposits
Unpaid dividends
Stocks, bonds and mutual funds
Insurance policy payouts
Undistributed wages
Tax refunds
Royalty checks
Court and county payments
Social Security checksThe law requires unclaimed assets and property to be reported and filed as abandonment to be release to the rightful owner or beneficiary.
You have the right to claim and unclaimed property which you suspect to belong to you or your estate.
There is so much money in unclaimed funds that there are even firms that actively seek out unclaimed assets to be redistributed to the rightful owner in exchange for a percentage of the gain. There are also websites that let you search your name to find unclaimed money owed via unclaimed recovery.
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