Of the literally tens of billions of dollars in unclaimed property across the United States, over a billion of it is in the state MA alone. Massachusetts unclaimed money continues to roll in at an average of more than $200 million per year, which far exceeds the amount returned to its owners, so it is clear that the 1 billion dollars will only keep on growing.
Despite recent efforts to reunite residents with their money, the MA Dept. of the State Treasurer continues to take in more abandoned assets than it returns each year. What's the reason? There are a number of them, but first and foremost it's because most people still have not accepted the reality of these monies. For starters, many haven't even heard of unclaimed property, and a large percentage of those who have are quick to dismiss the phenomenon as some type of scam because they can not believe that their fellow citizens would really forget about tens of billions of dollars. Of the very few who do recognize that this money is out there, only a tiny percentage are informed enough to perform a proper search and take back all of what is owed to them.
in our view: Keep an eye on your money Daily Herald, UT - 1 hour ago Nationally, there's almost $33 billion in unclaimed money from old payroll checks, utility refunds, trust distributions, stocks, banking or checking …
Powerball prize still unclaimed Monroe News Star, LA - 1 hour ago … lottery dollar all goes back into prizes, and the scratch-off games are a bit higher because we're able to supplement it with unclaimed prize money."
Washington auctions safe deposit box contents (KAJ Kalispell) Associated Press - December 8, 2008 2:15 PM ET OLYMPIA, Wash. (AP) - Unclaimed jewelry, coins and collectibles such as comics and baseball cards will be auctioned Dec. 18 and 19 at the James G.
The State Treasurer has stated that unclaimed funds in Mass. come in a variety of types including the following: unpaid wages or commissions, savings accounts, checking accounts, stocks, underlying shares, uncashed dividends, customer deposits or overpayments, certificates of deposit, credit balances, refunds, gift certificates, uncashed benefit checks, safe deposit boxes, paid-up life insurance policies, and money orders. These are deemed abandoned after a number of years of dormancy (usually three, but up to 15 depending on the type).
Until an asset is considered "abandoned", it isn't handed over to the state, which is why a search may not return any records for your name. Additionally, the state does not instantly put records in the listings the second they take hold of them. It all depends on when the state gets around to having an employee physically add the information to their system. For this reason you need to search frequently. A single search won't cut it if you hope to be confident you've explored all potential sources.
On top of the issues raised above, there are many other missteps that often make the difference in whether a resident of the Bay State locates their missing money or not. It would behoove anyone who is serious about locating real cash to seek the advice of someone with experience in this area before getting started.
Founder of Found Money, Edward Palonek and Santa Claus Find People … Free Press Release Center (press release), Canada - Dec 4, 2008 What a great Christmas gift, finding some of your missing money', says Palonek. 'Foundmoney was the first company to make the national database of unclaimed…
Unclaimed Money To Rise To RM95m This Year (Sin Chew Jit Poh) KUALA LUMPUR: The amount of unclaimed money under the Unclaimed Money Registry is expected to go up to RM95 million this year, said Deputy Finance Minister Datuk Ahmad Husni Mohamad Hanadzlah.
Of the tens of billions of dollars in unclaimed funds across the nation, over a billion of it is in the state Mass. alone. Massachusetts unclaimed money keeps on rolling in at a rate of more than 200 million dollars each year, which easily exceeds the amount returned to its owners, so that $1 billion will only continue to grow.
Although there have been recent efforts to reunite the citizens with their assets, the Mass. Department of the State Treasurer keeps on taking in more forgotten funds than it doles out every year. What's the reason? There are a number of them, but the primary reason is because the majority of people still haven't accepted that these monies are real. To start with, many haven't even heard of unclaimed funds, and a huge percentage of those who have are quick to dismiss the phenomenon as some type of scam because they cannot believe that their fellow citizens would really forget about billions and billions of dollars. Of the select few who are aware that this money does exist, only a tiny percentage are informed enough to perform a proper search and reclaim all of what is rightfully theirs'.
The people who've not even heard of unclaimed funds will eventually figure things out, but for now they're on their own. For those who take the "too good to be true" position, and believe this is all a scam, all they need to do is contact their state's treasury dept. and inquire. They'll be pleasantly surprised and anxious to search. Those who are hoping to get their unclaimed property search started should study tips from a professional before wasting a lot of time and potentially not getting anywhere.
Mass. residents often try to find Mass. unclaimed funds by just entering their name on the first site they stumble upon. Operating this way couldn't be more incorrect. To start with, many of these web sites are claiming to have a "database" when in reality they're using bogus databases stuffed with name combinations to produce results that will show a claim is owed for just about every name, whether there is or not. Beyond these bogus databases, even the state's unclaimed listings can be very out of date.
Do you have unclaimed money? WPTV, FL - Nov 24, 2008 If you’re from another state, Sink says Florida’s website can even link you to other states’ websites in case you have forgotten unclaimed cash sitting in …
Man's Suspicious Request About Unclaimed Money Prompts Warning Hartford Courant, United States - Nov 10, 2008 The reports list names and addresses of people who are owed unclaimed money, and sometimes Social Security numbers. That raises concern about the potential …
Dormant accounts bill becomes law, but with pledge to review Charity Finance, UK - 26 minutes ago New legislation that enables unclaimed money in dormant bank accounts to be used for good causes has received Royal Assent, but the government has promised …
Come Get Your Money — $266 Million Worth ABC News - Nov 25, 2008 "We want people to get reunited with their money," joked IRS spokesperson Eric Smith. The unclaimed money goes back into the Treasury until its recipients …
Mass. residents often try to find Mass. unclaimed funds by simply searching their name on the first site they come to. Operating this way couldn't be more incorrect. To start with, many of these websites are saying that they have a "database" when in fact they are using bogus databases filled with name combinations to produce results that will show a claim is owed for almost every name, whether there is or not. Aside from these bogus databases, even the state's unclaimed listings can be very out of date.
The State Treasurer has stated that unclaimed funds in Mass. can come from the following sources: checking accounts, unpaid wages or commissions, savings accounts, stocks, underlying shares, uncashed dividends, customer deposits or overpayments, certificates of deposit, credit balances, refunds, gift certificates, uncashed benefit checks, safe deposit boxes, paid-up life insurance policies, and money orders. These are considered unclaimed after a number of years of inactivity (usually three, but up to fifteen depending on the type).
Until an asset is considered "abandoned", it isn't passed along to the state, and that is why a search may not return any records for a given name. Beyond that, the state doesn't instantly add records in to the listings the minute they take hold of them. It's just a matter of when the state gets around to having an employee manually add the data to their list. For this reason you need to search frequently. A single search will not do the trick if you intend to be confident you have explored all potential claims.
In addition to the issues noted above, there are many other missteps that often make the difference in whether someone in the Bay State tracks down their missing money or not. It would behoove anyone who is serious about tracking down real cash to seek the assistance of someone with experience in this area before getting started.
Increasing deposit will reduce container trash Albany Times Union, NY - 20 hours ago Even if the number of unclaimed deposits goes down, the amount of unclaimed money would most likely go up. This would please the bottlers and wholesale …
Money saving tips-Unclaimed money and property ABC12.com, MI - Nov 25, 2008 Thousands of people in Michigan do have money coming to them from the state treasury. That's where unclaimed money is sent. "(It) can be money on there from …
Unclaimed money The West Australian, Australia - Nov 22, 2008 The Register lists the Payee’s name, Suburb where they lived, the amount held and the company that held the money. Please note that additional information …
Of the literally tens of billions of dollars in unclaimed funds across the country, over one billion is in the state Mass. alone. Massachusetts unclaimed money keeps on rolling in at a rate of more than 200 million dollars each year, which easily exceeds the amount returned to its owners, so that $1 billion will only continue to grow.
Despite recent efforts to reunite residents with their assets, the Mass. Department of the State Treasurer keeps on taking in more forgotten funds than it returns each year. The reason? There are a number of them, but first and foremost it's because most people still have not accepted that these monies are real. To start with, many have never even heard of unclaimed funds, and a huge percentage of those who have are quick to dismiss the phenomenon as some kind of scam because they cannot believe that people could actually forget about tens of billions of dollars. Of the select few who are aware that this money is out there, only a tiny percentage are informed enough to perform a full search and take back all of what is owed to them.
The folks who've never even heard of unclaimed funds will eventually figure things out, but for the time being they are on their own. For those people who take the "too good to be true" position, and assume this is all a scam, all they need to do is call their state's treasury department and inquire. They'll be pleasantly surprised and anxious to start searching. Those who are ready to get their unclaimed property search started ought to learn tips from an expert before spending a lot of time and possibly not getting anywhere.
Money saving tips-Unclaimed money and property ABC12.com, MI - Nov 25, 2008 Thousands of people in Michigan do have money coming to them from the state treasury. That's where unclaimed money is sent. "(It) can be money on there from …
2009: The year of ‘shared sacrifices’ in state budget Torrington Register Citizen, CT - 14 hours ago Supporters of the idea have said it’s only fair for the state to recoup the unclaimed nickel deposits, just like other unclaimed assets such as old life …
The people who have not even heard of unclaimed funds will eventually figure things out, but for the time being they're on their own. For those people who hold the "too good to be true" position, and believe this is all a scam, all they need to do is call their state's treasury department to get confirmation. They will be pleasantly surprised and anxious to search. Those who are hoping to get their unclaimed property search started should study tips from an expert before spending a lot of time and possibly not getting anywhere.
MA residents often try to find MA unclaimed funds by just entering their name on the first web site they come to. This strategy could not be more incorrect. To start with, many of these web sites are saying that they have a "database" when in fact they're using bogus databases filled with name combinations to give results that will show a claim is owed for just about every name, whether there is or not. Aside from these bogus databases, even the state's unclaimed listings are often very out of date.
The State Treasurer has stated that unclaimed funds in MA can come from the following sources: savings accounts, checking accounts, unpaid wages or commissions, underlying shares, stocks, customer deposits or overpayments, refunds, uncashed dividends, credit balances, certificates of deposit, money orders, paid-up life insurance policies, safe deposit boxes, uncashed benefit checks, and gift certificates. These are considered abandoned after a number of years of inactivity (usually 3, but up to 15 depending on the type).
Until an asset is considered "abandoned", it is not passed along to the state, and that is why a search might not return any records for a given name. Additionally, the state doesn't instantly put records in the database the minute they take control of them. It all depends on when the state finds the time to have an employee manually add the data to their system. What this means is that you need to search frequently. A single search will not do the trick if you intend to be confident that you've explored all possible sources.
On top of the issues raised above, there are many other obstacles that often make the difference in whether a resident of the Bay State locates their missing money or not. It would be a good idea for anyone who is serious about tracking down real cash to seek the assistance of someone with experience in this area before getting started.
Former treasurer's office worker convicted Chicago Sun-Times, United States - Nov 21, 2008 His plan, he said, was to obtain the refunds — which become property of the treasurer after five years of going unclaimed — and then return them to …
WA News (The West Australian) This Register contains a list of monies being held by various companies on behalf of people. The Register lists the Payee’s name, Suburb where they lived, the amount held and the company that held the money.
Of the literally tens of billions of dollars in unclaimed funds across the United States, over a billion of it is in the state MA alone. Massachusetts unclaimed money continues to roll in at a rate of more than 200 million dollars per year, which far exceeds the amount of money returned to its owners, so that $1 billion will just continue to grow.
Although there have been recent efforts to reunite the citizens with their cash, the MA Department of the State Treasurer continues to take in more abandoned assets than it gives back each year. The reason? There are a number of them, but the primary reason is because most people still haven't accepted the reality of these monies. To start with, many have never even heard of unclaimed funds, and a huge percentage of those who have are quick to dismiss the phenomenon as a scam because they can not believe that their fellow citizens would really forget about billions and billions of dollars. Of the select few who do recognize that this cash does exist, only a small percentage are informed enough to perform a proper search and reclaim all of what is rightfully theirs'.
(to be continued)
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IRS seeks to disburse unclaimed money (Great Falls Tribune) BILLINGS (AP) — The Internal Revenue Service says unclaimed tax refunds and stimulus checks belonging to Montanans top $600,000. The agency wants to find the people who are due the money.
Unclaimed money may be yours The Cherokeean Herald, TX - Nov 4, 2008 However, many more residents have unclaimed property that was not published. To find out if a person has money in the state treasury go to the state …
IRS holding $266 mil in unclaimed suburban stimulus checks, refunds (Daily Herald) The IRS said the 383,000 checks were in the mail. Really. But they never arrived. So if you haven't received your economic stimulus check or are still waiting for an income tax refund, it might be because the check was in the mail but never delivered due to an incorrect address or other mail problems.
The State Treasurer has stated that unclaimed money in Massachusetts come in a variety of types including the following: checking accounts, unpaid wages or commissions, savings accounts, refunds, uncashed dividends, credit balances, certificates of deposit, underlying shares, stocks, customer deposits or overpayments, paid-up life insurance policies, money orders, gift certificates, uncashed benefit checks, and safe deposit boxes. These are deemed abandoned after a number of years of dormancy (usually three, but up to fifteen depending on the type).
Until a property is deemed "abandoned", it isn't handed over to the state, and that is why a search may not turn up any records for your name. Beyond that, the state doesn't instantly add records in to the database the second they take control of them. It's just a matter of when the state finds the time to have an employee physically add the data to their list. What this means is that you need to search regularly. A one time search will not do the trick if you hope to be confident you have explored all potential sources.
In addition to the issues raised above, there are many other obstacles that often make the difference in whether someone in the Bay State locates their missing money or not. It would behoove anyone who is serious about finding real cash to seek the advice of someone with experience in this area before getting started.
Ballarat groups and clubs miss out on unclaimed funds booty Ballarat Courier, Australia - Nov 12, 2008 The Ballarat Film Society, Ballarat Premature Babies Support Group and Ballarat Travellers Social Club are among those with unclaimed funds. …
Do you have unclaimed money lying around? NEWS.com.au, Australia - Nov 4, 2008 "Unfortunately, most Australians haven't checked to find out if they too have unclaimed money.'' When contacted by a member of the public, ASIC consultants …
ASIC calls on WA to claim missing $1.3m NEWS.com.au, Australia - Nov 11, 2008 THE Australian Securities and Investments Commission has renewed its call for West Australians to stake their claim in over $1.3 million in unclaimed money. …
