|Missing Money and Abandoned Funds|
In addition to individuals who neglect to claim assets to which they are directly entitled, millions of family members are unaware they’re entitled to unclaimed money owed deceased relatives who passed away without leaving an updated will 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 abandoned funds: banks, stockbrokers, employers and life insurance companies - transfer the unclaimed 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. Billions of dollars in life insurance benefits have gone unpaid on the death of the insured; because it is up to family members to notify the insurance underwriter when a policyholder dies, and often they have no idea a policy exists, much less where to find it.
Virtually no effort is made to trace lost beneficiaries or missing heirs. If you believe a deceased family member may have had financial assets that have gone unclaimed, a search should be initiated.
|CLICK ON STATE OR SELECT AN ASSET TYPE FROM THE LIST ...|
|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|
|401(K) PLAN||CHILD SUPPORT PAYMENTS|
|IRA ACCOUNT||VETERAN BENEFITS|
|MINERAL ROYALTIES||SCREEN ACTOR RESIDUALS|
|LOST SAFE DEPOSIT BOX||MUSIC ROYALTIES|
|UNCLAIMED PENSION||GIFT CARD OR CERTIFICATE|
|BANKRUPTCY CLAIMS||AUTHOR ROYALTIES|
|SOCIAL SECURITY BENEFITS||ACTOR RESIDUALS|