ou may not realize it but you may have some lost loot with your name on it sitting in state and/or federal coffers. One out of every eight Americans has unclaimed assets ?forgiven bank accounts, uncashed travelers checks or paychecks, savings bonds, utility refunds, tax refunds, health benefits, security deposits, escrow accounts, pension amounts, or other items that have been turned over to a state or federal agency.
YOU MAY HAVE A RIGHT TO THOUSANDS OF DOLLARS AND NOT KNOW IT!
Federal and state governments are holding BILLIONS of dollars worth of unclaimed assets. It is estimated that the federal government is holding $75 billion in assets from 1999 alone. Most of these assets have simply been forgotten. For example, it is common to move and forget about your small bank accounts or a stray final paycheck. After about 7 years, the state or federal government collects these assets and begins searching for the owners. Check with your state's unclaimed property office for the procedure in your state. Sometimes, these funds accrue interest. Best of all, this is a free governmental service.
WHAT TO DO:
Try and think of anything you OR YOUR ANCESTORS might have forgotten or never received. Get papers together that prove who you are (such as drivers license, passport, birth certificate, etc.), check out your states unclaimed property website and/or contact the following agencies:
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