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A long lost relative died without a will, and its taken years for the courts to settle the estate. You moved and forgot to claim your security deposit. The utility company owed you a refund check or a refund of your deposit, and you forgot to inform them of your new address. The dividend checks from your stock or mutual fund have been going to the wrong address. A relative died and the insurance company took a while to send the check for the proceeds of the life insurance policy. The younger you simply forgot about some money owed you.
Money that belongs to you might be sitting in a state unclaimed property office, just waiting for you to claim it. Unclaimed property offices and state escheators currently hold several billion dollars of “lost money” belonging to millions of people. Every state has unclaimed property laws which declare money, property, and other assets to be abandoned after a period of inactivity of three to five years.
During this abandonment period landlords, banks, utilities, hospitals, brokerage firms, mutual funds, insurance companies, and other organizations are required by law to try to return the valuables to their rightful owners. If they are unsuccessful, they then turn the property over to the state’s abandoned-property division or unclaimed property office. There is no time limit on claiming your property. Abandoned property has been reunited with its rightful owners 30, 40, and even 50 years after it was turned over to the state. Some states have unclaimed property dating to the late 1800′s.
So how can you find out if there’s money waiting for you? Very simply. If you think there might be unclaimed property that belongs to you, search the unclaimed property office in each state in which you or your deceased relatives have ever lived.
I searched the California State Controller’s Office and while there was no money in my name (I always know where my money is) I did find that NATIONAL HOME LIFE ASSURANCE COMPANY owed my deceased grandmother money. I also found that MERCURY CASUALTY COMPANY owed my brother money and he is very happy I showed him his money.
To start your search in California click here. http://scoweb.sco.ca.gov/UCP/Default.aspx
Protecting rural desert neighborhoods from the dynamic changes that can happen when Phil Klasky/Community ORV Watch adopt a neighborhood to protect from the very people that live there.
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Branson this is not a joke. I checked and you are owed money. I will take 1/2 as a finders fee
Good post Ken. I just gave you a thumbs up and a five star rating. I’m going to check that site too.
Why thank you kind sir. Would you be so happy as to share with the readers of Cactus Thorns how much money you are entitled to?
4 cents according to the website. I’m keeping it there for interest.
Branson I just gave you a plus rating and 5 stars for being such a good sport. That was funny and I’M still laughing with tears in my eyes. 4 cents…with one more cent you would have a nickle
Wow Ken!
I went and checked from my home State and there is an Insurance property value waiting for me to claim it through the State Treasury!
Very good information -- thanks.
Depending on how much it is I might have to take you to dinner!
Take care.