Whether you call it US lost money or US unclaimed money, the long forgotten checking and bank accounts, stock or cash dividends, checks which were never cashed, gift certificates, money orders and a host of other financial assets which lie unclaimed in the state department treasury can well be yours. Yes, the government does owe you money but it conveniently forgets all about it because it needs to balance its budget deficits. What more-it coolly gets away with it saying that the funds were a part of the US unclaimed money.
If we take the example of the State of California, we would realize that on an annual basis, a mind blowing $300 million are added to US unclaimed money. US lost money is being unrightfully used to boost the states treasury while its true owners are being deprived of their basic rights. Brad Pitt and Angelina Jolie are one of the few renowned celebrities along with Keanu Reeves and Adam Sandler who are victims to the US lost money.
Inside reports have it that the state owns thousands of dollars to these stars in the form of US lost money but has failed to return even a single cent. While thousands of dollars are owned to these public figures, the state government is taking no concrete steps to return their dues. The reason they give is that the rightful owners could not be found. Well, how difficult is it to find Hollywood actors or actresses. If the government is facing trouble locating these celebrities, it's about time they took help from the paparazzi.
US unclaimed money is not only owed to celebrities, there is $35 billion or more owed to Americans just like you. US unclaimed money in just the state of California alone amounts to approximately $5 billion and this is on an annual basis. You can imagine the what US lost money could do for its rightful owners.
US unclaimed money is automatically transferred to the state treasury if their owners fail to claim their money time. But when the government knows who their rightful owners are and can locate them as well, what stops the authorities from returning the funds. This is a question each one of us needs to ask the government.
The only real way to ensure that you get US unclaimed money that might be owed to you is to search for it. A simple search using your first and last name will find and tell you what lost money is found for you. So, what are you waiting for? Search for your unclaimed money today!
We have a secret. It is a thirty five billion dollar secret!! The person who has knowledge of this secret has the chance of enjoying his share in the thirty five billion dollars. What is the thirty five billion dollar secret?? That is the amount of money owed to the residents of this nation as unclaimed funds. Surprised?? You will be even more surprised when you find out that as many as eight out of nine Americans are owed unclaimed money!! This fact has been publicly supported by the likes of Oprah Winfrey!! You, your family members, your relatives and even your friends may be owed unclaimed money!! Want to recover it?? Read ahead!!
Unclaimed cash can come into existence due to the silliest reasons possible. Money that you had deposited in your childhood savings account may still be earning interest for you. The wealth bequeathed to you by your relative may never have reached you because you knew nothing about it. Stocks and mutual funds purchased during the boom period and forgotten when the bubble burst may still be earning dividends for you. All this contributes to the lost money kitty.
When money is left unattended for three years or more by its owner, the institutions try contacting the owner to ensure that the money is put to proper use. If the owner cannot be contacted, due to change in address or any other circumstances, the institutions have no other choice but to contact the state or federal agencies to take charge of the money. Then onwards, the money becomes unclaimed funds. The irony is that most of the individuals have no idea that they are owed unclaimed money. They are unaware because they did not keep their financial institutions informed about the change in their address. This vicious cycle can come to an end only when the individual takes the initiative.
Unclaimed cash has to be searched for and recovered. The search has to encompass ?State databases ?Federal databases
There are as many state databases as there are states. There are multiple federal databases as there are multiple agencies tackling this problem. The search has to cover all these databases. Individual searches can be ruled out as an option because it is a time consuming and effort sapping approach. Rather, it makes sense to visit websites like Cashunclaimed.com that offer a better alternative. The website enables the visitor to search 120 databases in one go. Since the name searches are free, unlimited searches can be conducted to find out if one's friends, family and relatives are owed money or not. It is imperative that the individual searches for money owed to those names that are mere variations of the legal name of the individual. Mr. William Ford must search for money owed to Bill Ford and W. Ford as well.
Once you have found the unclaimed cash owed to you, the process of claiming the money begins. Thankfully, it is a relatively simple one. Just fill out the claim form and submit it to the state or federal agency holding the funds. Submit your driver's license and / or birth certificate as well. If the money happens to be an inheritance, you may be required to submit proof of ownership or entitlement to the wealth as well. Once the procedure is completed, the period of wait for the completion of formalities may range from two weeks to three months. Sooner or later, the check repaying the unclaimed money shall land in your inbox.
Both Arthor Pens & Nicole Anderson are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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