| Unclaimed Assets: Money The Government Owes You! | |
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Unclaimed Property and Lost Money |
State and federal agencies are holding over $300 billion in unclaimed property and lost money. An asset becomes abandoned in the eyes of the law when the original owner is lost (typically after a name or address change), or when the rightful heir fails to 'communicate an interest' in it over a number of years, known as the 'dormancy period.' Those left holding unclaimed assets - banks, brokers, insurance companies, and government agencies themselves - remit them to the protective custody of a government trust account in a legal process referred to as 'escheat.' Here they await your claim! |
Unclaimed Government Money Consumer Alert |
| Government agencies holding unclaimed property will not contact you - you must initiate a search. |
| There is no "national database" of unclaimed government money. Unclaimed funds may be held anywhere, regardless of where you now live. |
| Unclaimed property databases on-line contain only a fraction of accounts actually available for claim. |
| There are statutory time limits on some types of unclaimed property claims, so prompt action should be taken. |
| Unclaimed funds held by federal agencies are not included in state unclaimed property databases. |
| Foreign nationals and corporations need to follow special procedures to locate and claim lost money. |
| Certain types of unclaimed assets (including government checks & refunds) are not included in unclaimed property databases online. |
| Unclaimed property refund checks average $800-$1000, but many are for substantially more. |
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Government Unclaimed Funds Search To search for other types of unclaimed property click above |
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