Unclaimed Funds
by DC Fawcett
Filed under Uncategorized
Hey D.C. here,
I got this question from Rachelle other day.
“Hey DC, Can you answer this question for me? Is unclaimed
property an easy way to increase my finances? Can you tell
me a little bit more about unclaimed funds?”
Ok Rachelle, Here is the deal. Yes, it is an easy way to
increase your finances. Unclaimed property (money) refers
to accounts in financial institutions and companies that
have had no activity generated or contact with the owner for
one year or a longer period of time.
According to statistics, millions of dollars of unaccounted
money are held in the state treasuries. At the moment, more
than $38 billion dollars of unclaimed money and assets are
waiting to be returned to their rightful owners.
Statistically, more than 30 million American are missing out
on their hard earned money which is still lying with the
state treasuries.
This can be from savings and checking accounts, stocks,
uncashed dividends or payroll checks, refunds, travelers
checks, trust distributions, insurance payments or refunds
and life insurance policies to name a few.
Many financial institutions, insurance companies, public
agencies and other businesses are required to turn over to
the state treasurer assets that belong to customers, clients
or employees if there have been no documented transactions
or contact with the owner for five or more years.
The states do try to find the owners of the unclaimed
property, but many times, they are unsuccessful in doing so.
The states are also trying to locate the owners of the
property, by publishing the names of the parties who have
unclaimed property in the newspaper of that particular state
and notices are sent on the last known address of the
person.
What happens to these funds if they go unclaimed?
The funds are held at the state level until the owner claims
it from them. The funds are often held in a government
entity and earning interest on the money that was deposited
there.
With the current economy, many people are finding wealth by
finding owners of unclaimed funds. The states are holding
massive amounts of money that continually go unclaimed. It
is a great time to reunite owners with their lost funds.
Want to find out how you can get this FREE money?
Register for Wednesday’s webinar here to learn:
www.dcfawcett.com/go
Talk soon,
DC
P.S. Currently, Americans have misplaced $38 billion dollars
of their own money – and all they have to do to get it is to
claim it.
Find out how here:
www.dcfawcett.com/go
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