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Unclaimed Assets: Money The Government Owes You!

Missing Money Search - Find Unclaimed Property and Abandoned Funds

Unclaimed Money Assets

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Unclaimed Funds, Lost Assets and Abandoned Property
Financial assets are considered unclaimed when contact with owners or heirs is lost - typically due to a name change after marriage or divorce, an unreported address change or expiration of a postal forwarding order, because of incomplete or illegible records, and most often after death of a family member.

The period of time that must pass before funds are legally deemed abandoned - the dormancy period - varies with the type of property involved, but generally runs one to five years. The most common types of money unclaimed: Bank accounts, safe deposit box contents, CDs (Certificates of Deposit) Stocks, savings bonds, mutual funds Uncashed checks and money orders Life insurance Policies IRA & 401(k) retirement accounts and pensions Unclaimed inheritances and estates owed missing heirs Government benefit checks and refunds Royalty payments, trust funds, deposits and escrow accounts.

Family members often are unaware they’re eligible to collect unclaimed cash, benefits and refunds owed deceased relatives who passed on without an updated will. Billions of dollars in life insurance payments and retirement benefits are never paid, because heirs fail to notify insurance companies and retirement account custodians when the owner dies, and tracking missing beneficiaries is difficult.

At the end of the statutory dormancy period those holding the unclaimed money - insurance companies, banks and credit unions, brokers, mutual funds, employers, courts, unions and government agencies themselves - transfer the cash to a trust account under a legal doctrine known as escheat. Here it awaits your claim.

 
There is no single missing money database containing all funds available for claim. Don't be fooled by websites selling memberships with recurrent monthly billing.
Find Your Unclaimed MoneyYou must initiate a search for unclaimed money. Holders of abandoned funds generally will not contact you.
Family members are often unaware they’re entitled to collect forgotten funds and dormant assets owed deceased relatives.
Unclaimed monies and refunds held by courts & federal agencies are not included in state unclaimed property databases.
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Unclaimed property claims refund checks average $800-$1000, but many are for substantially more, including a $6,100,000 payout in 2011.
Some types of abandoned funds claims are subject to time limits, so prompt action is advised.
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Think it couldn't be you? ... Think again!

 
Unredeemed Unredeemed US Savings Bonds - $17 billion

Savings Bonds

The value of lost and unredeemed U.S. Savings Bonds that have stopped earning interest at final maturity currently exceeds $17 billion.  Savings Bond Search
 
Unknown Are you a lost heir entitled to an unknown inheritance?

Inheritance

Millions of family members are unaware they’re eligible to collect unclaimed money owed deceased relatives who passed away without leaving an up-to-date will.  Missing Inheritance Search
 
Unclaimed Missing life insurance policyholders & heirs

Life Insurance

One in three life insurance policies go unclaimed on death of the insured, because family members aren't always aware a policy exists, or don't know how to track it down.  Unclaimed Life Insurance Policy Search
 
Missing Savings accounts, IRA Individual Retirement Accounts and CDs at closed banks

Bank Accounts

Over 450 banks & credit unions have failed in the last few years including the largest ever, Washington Mutual (WaMu). Depositors may collect FDIC insurance - up to $250,000 per account.  Lost Bank Account Search
 
Forgotten Lost and unclaimed IRA Individual Retirement Accounts

IRA Accounts

50 million Americans have an IRA. Individual Retirement Accounts worth billions of dollars go unclaimed every year, because owners or heirs fail to take required distributions or cash payout checks.  Unclaimed IRA Search
 
Uncashed  Lost and Uncashed Checks

Checks

Failure to cash or deposit a check does not terminate your right to the funds and the payor's responsibility to pay. This is generally true even if a check specifies a 'void-after' date.  Uncashed Checks
 
Lost Have you been contacted by an unclaimed asset tracer or heir finder?

Heirs

Professional asset tracers track down family members and heirs of deceased relatives, demanding 35% or more for information on an unclaimed inheritance. Find and claim these funds yourself.  Asset Tracers & Heir Finders
 
Missing Unclaimed 401k retirement plan assets - $850 million

401(k)

Each year, $850 million in 401(k) retirement plan assets owed employees of companies that have gone bankrupt or ceased operations go unclaimed. Families of deceased workers neglect to claim billions more.  401k Search
 
Unclaimed $197 million in unclaimed pension benefits

Pensions

36,000 missing employees and spouses are eligible to receive a share of $197 million in unclaimed pension benefits from bankrupt companies with terminated defined-benefit pension plans.  Missing Pension Search
 
Forgotten $10 billion in lost stock, bonds and mutual funds

Stock

The SEC estimates 3 million lost stockholders are entitled to unclaimed stock worth $10 billion. Additionally, $500 million in stock dividends and bond interest checks are not cashed each year. Lost Stock Search
 
Unused $8 billion in lost and unused gift cards

Gift Cards

Last year alone, gift cards worth $8 billion were lost, forgotten or otherwise went unused. In many instances new laws allow for refunds or replacement, even if the card has an expiration date.   Gift Card Refunds
 
IRS  IRS income tax refunds - $153 million

Refunds

Last year IRS income tax refund checks worth $153 million - an average of about $1500 per taxpayer - went undelivered, mainly due to unreported changes of address   IRS Tax Refund Search
 
MetLife MetLife, Prudential, MONY and John Hancock demutualization compensation

Policyholders

MetLife, Prudential, MONY & John Hancock policyholders and missing heirs are eligible to claim cash and/or stock after the demutualization of these and other life insurance companies.  Mutual Life Insurance Search
 
Native American Native American Indian Trust Funds IIM Settlement - $3.4 billion

Trust Funds

On 11/30/10 Congress approved a class action lawsuit settlement authorizing $3.4 billion in compensation owed over 500,000 Native American Indians.   Native American Indian Monies Search
 
Unclaimed Veterans Aid & Attendance Special Pensions

Veterans Aid

The Aid & Attendance (A&A) Special Pension provides benefits for veterans and spouses who require help daily chores. Only 1 in 7 of those eligible have applied.   Veterans Pension Benefits
 
Missing $750 million in unclaimed child support

Child Support

States collect billions of dollars annually in court-ordered child support. $750 million has gone undistributed & unclaimed, due to incorrect address information for the custodial parent.   Unclaimed Child Support
 
Actor SAG Actor Royalties

Royalties

The Screen Actors Guild (SAG) is holding money for thousands of performers whose residuals checks - royalties earned from television and film performances - have gone unclaimed.   SAG Royalties
 
Forgotten Lost and Forgotten Safe Deposit Boxes

Safe Deposit Box

Each year thousands of bank safe deposit boxes are forgotten or abandoned by owners and heirs. If the box rent is not paid, the contents may be auctioned off by custodians. Safe Deposit Box Search
 
Loan Fraud $1.1 billion African American discrimination class action lawsuit settlement

Settlement

In 2010 Congress approved payments of $50,000 to African American & Native American farmers who were discriminated against in obtaining loans by the U.S. Dept. of Agriculture (USDA).  Discrimination Settlement
 
Unclaimed  Military Retroactive Stop Loss Special Pay (RSLSP) - $315 million unclaimed

Military Pay

The 2009 War Supplemental Appropriations Act authorized special pay of $500 for every month served in stop loss status. 80,000 veterans & beneficiaries are eligible to claim an average of $3,700.  Military Stop Loss Pay
 
Author Writers Guild Unclaimed Copyright Payments - $13 million

Royalties

The Writers Guild of America is holding in excess of $13 million in unclaimed compensation for thousands of American authors, directors and copyright holders.   Writers Guild Royalty Payments
 
Musician Performing artist digital music royalties - $360 million

Royalties

$360 million in digital music royalties from internet webcasts, satellite radio &  cable television play are due recording artists, musicians & copyright owners. $111 million has gone unclaimed.  Music Royalty Payments
 
Foreclosure Foreclosure Settlement - $1.5 billion

Settlement

Homeowners who were foreclosed on by Bank of America, GMAC/Ally, Citi, JP Morgan Chase or Wells Fargo between 01/01/2008 and 12/31/2011 may be entitled to share in a $1.5 billion legal settlement. Foreclosure Settlement Claims
 
Holocaust  Holocaust Victims Assets

Restitution

Holocaust victims and heirs whose property was confiscated or forcibly sold may be entitled to restitution. Search Israel's Holocaust Victims' Assets Database or contact the Holocaust Era Asset Restitution Taskforce

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As featured on CNBC and in USA Today
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