|Missing Money and Lost Financial Assets|
Government agencies are holding over $30 billion in unclaimed property and missing money. Financial assets are considered abandoned when contact with the original owner is lost - typically due to a name change after marriage or divorce, an unreported address change, incomplete or illegible records, and death of the owner.
In addition to those that have neglected to claim assets to which they are directly entitled, millions of family members are totally unaware they’re eligible to collect unclaimed assets owed deceased relatives, who passed on without leaving an up to date will or complete financial road map for their heirs. More than one-quarter of all life insurance policies go unclaimed on the death of the insured. Why? Unbeknownst to many, it is up to family members to notify the insurance company when a policyholder dies - little effort is made to find lost beneficiaries.
When owners or heirs fail to claim an asset during the dormancy period, generally 1-3 years, those left holding unclaimed assets: banks, stock brokers and transfer agents, employers and life insurance companies - transfer them to a government trust account in a legal process known as escheat.
Here these funds await your claim!, along with billions of unclaimed dollars held by government agencies themselves - including the IRS (tax refunds), Bureau of Public Debt (U.S. Savings Bonds), Social Security Administration (benefit checks), HUD (mortgage refunds), PBGC (pensions), and FDIC (bank accounts).
|> You must initiate a search for unclaimed money - most government agencies holding unclaimed funds will not contact you.|
|> There is no true national unclaimed funds database - don't be fooled by websites offering memberships.|
|> Unclaimed money held or owed by federal agencies is not included in state unclaimed property databases.|
|> Unclaimed property claims refund checks average $800-$1000, but many are for substantially more.|
|> In most cases there is no time limit on claims, but some assets are subject to a statute of limitations, so prompt action is advised.|
|For search assistance click on an asset type below ...|
|UNCLAIMED INHERITANCE||SAVINGS BOND|
|LOST BANK ACCOUNT||GOVERNMENT PENSION|
|MISSING LIFE INSURANCE||POSTAL SAVINGS BOND|
|STOCKS AND BONDS||INDIAN TRUST FUNDS|
|IRS TAX REFUND||VETERAN BENEFITS|
|HUD REFUND||RAILROAD RETIREMENT|
|LOST SAFE DEPOSIT BOX||CLASS ACTION SETTLEMENT|
|UNCLAIMED PENSION||GIFT CARD OR CERTIFICATE|
|BANKRUPTCY CLAIM||FDIC INSURED ACCOUNT|
|SOCIAL SECURITY BENEFITS||ACTOR RESIDUALS|