Unclaimed money & property search and other types of online investigative searches.
You may be richer than you think. Only the State of California in 2003 was announced to be holding over $3.2 billion in Unclaimed Property. In 2005 the amount was reported to have risen to $4.8 billion. Those assets had been turned over to the State for safekeeping by businesses and other organizations in compliance with law...
Unclaimed Property is legally defined as any financial asset left inactive by its owner for 3 years or more.
Most common types of Unclaimed Property are: bank accounts and safe deposit box contents; stocks, mutual funds, bonds, and dividends; uncashed cashier's checks and money orders; certificates of deposit; matured or terminated insurance policies; estates; royalty payments; trust funds, escrow accounts.
The Unclaimed Property laws or regulations of some States do NOT include there real estate.
Before reporting the unclaimed property or assets to the State the law requires that all Unclaimed Property holders make attempts to contact the owners. But it's quite often that the owner forgets that the account exists, and/or moves without leaving a forwarding address, or the forwarding order expires. There are also cases when the owner dies while the heirs have no knowledge of the property.
Locate unclaimed money online. Learn more about specialized online property / assets search tools and resources.
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Some of the unclaimed money - property - assets statistics
Unclaimed property and missing money. An asset moves into the category of abandoned from the point of view of the law when contact with the owner cannot be estanblished - typically due to a change of name following divorce or marriage, change of address, incomplete or illegible bank records... You must initiate a search for your unclaimed money - federal or state agencies holding unclaimed funds typically will not contact you.
Kinds of properties most often being held as unclaimed in Kansas are: Court deposits; Dormant checking accounts; Dormant savings accounts; Insurance benefits; Oil and gas royalties; Safe deposit box contents; Stock and cash dividends; Utility deposits; Wages. In Kansas alone during the first 4 incomplete months of 2006 the amount in the previously unclaimed assets returned to rightful owners or their heirs totaled $1,963,802.85
In Missouri, statistically, 1 of every 10 residents is the owner of unclaimed assets held by the state's unclaimed property custodian agencies.
Unclaimed assets in Idaho worth over $40 million are just waiting to be claimed. These include stocks, bonds, mutual funds, bank accounts, traveler’s checks, deposit boxes contents, and more. Most of theses are assets that people were unaware they had or simply forgot about. Sometimes the value of the said unclaimed assets constitutes thousands of dollars, reports the Idaho State Tax Commission - April 2006.
In 2005 the amount of money paid in unclaimed property claims in Vermont tripled reaching $6.5 million, which means more than 7,800 unclaimed property claims paid, totaling approximately. Over the prior four years, the average in paid claims was $1.88 million to 2,867 claimants per year.
