| Missing Money and Abandoned Funds |
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In addition to individuals who forget or neglect to claim assets to which they are directly entitled, millions of family members are totally unaware they’re eligible to unclaimed money owed deceased relatives, who passed away without leaving an updated will or list of assets for their heirs. When missing heirs fail to claim an asset over a specified number of years known as the dormancy period, those left holding the unclaimed funds: banks, stock brokers and transfer agents, employers and life insurance companies - transfer the abandoned money to the protective custody a government trust account under a legal doctrine known as escheat. Government agencies are holding over $40 billion in abandoned property and missing money. Much of this is unclaimed life insurance. More than one-quarter of all life insurance policies go unclaimed on the death of the insured. Why? Unbeknownst to many, it is generally up to family members to notify the insurance company when a policyholder dies - virtually no effort is made to find lost beneficiaries or missing heirs. |
| > You must initiate a search for unclaimed money - most government agencies holding unclaimed funds will not contact you. |
| > There is no true national database of unclaimed funds that includes all types of missing assets. |
| > Don't be fooled by websites offering memberships or paid access to unclaimed property databases. |
| > In most cases there is no time limit on claims but for some types of abandoned assets there is, so act promptly. |
| To search for missing money click below ... |
| SEARCH FOR LOST MONEY & UNCLAIMED FUNDS: Unclaimed Money Search |
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