Different Ways to Locate Unclaimed Funds
- Author: Bryan Miller
- Posted: 2024-11-25
There are many ways to locate unclaimed funds and property from the government. These can include lost investments, insurance payouts, and money from a past employer. You can search online and visit a federal agency's website to see if you're eligible for a claim.
First, you can search by state for unclaimed property. This method involves going to the official unclaimed property website for your state. The best site is one that is government-sponsored and doesn't charge you a fee. Each state's page will look slightly different, but most will allow you to enter your name and address.
You can also check with your state treasury office. Some states may contact residents directly if they've discovered that they're entitled to unclaimed funds and property. However, it's best to make sure that you're getting notifications from a government agency that's reputable and legitimate.
Despite the fact that unclaimed funds and property from the government can be incredibly difficult to track down, there are still ways to locate these funds and property. The Pension Benefit Guaranty Corp has $265 million worth of unclaimed pensions. It's estimated that each unclaimed pension is worth approximately $1,100. Furthermore, the FDIC maintains a database of unclaimed funds from closed banks. These funds are from accounts that were closed between 1989 and 1993. Since 1993, these assets have transferred to state unclaimed property offices.
While you can search online for unclaimed money, it's recommended that you contact your state's revenue department to find out if you're due a refund. If you don't have the time to search for unclaimed funds on your own, you can also contact a public library or bank for a free service. Finally, you can also contact a third-party organization that will submit your claim for you. If you're unsure about the legality of using a third-party organization, try to choose one that charges only ten percent of the amount you claim.
