Find Unclaimed Assets Now

By Author: Nicole Anderson
Total Articles: 82
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Unclaimed assets have become a major issue among all state governments. Unclaimed money or properties refer to the company or the accounts that are under the jurisdiction of the state or any financial institution that do not have any financial activity for the past one year or more.
The most common form of unclaimed money property that pile up with the state include savings or checking accounts, stocks, uncashed dividends or payroll checks, refunds, traveler’s checks, trust distributions, unredeemed money orders or gift certificates (in some states), insurance payments or refunds and life insurance policies, annuities, certificates of deposit, customer overpayments, utility security deposits, mineral royalty payments, and contents of safe deposit boxes.
Every state now has individual websites that are dedicated for the purpose of locating unclaimed money or property and these are updated on a regular basis so the all the list in the database remains up to date. As per the state laws, the financial institutions or the companies who are handling the unclaimed assets that have been inactive for more than a year, ...
... have to be transferred to the state authorities who in turn try different techniques to find the rightful owner.
You can easily find unclaimed assets by contacting the state authorities who charge a nominal amount as handling fees from you. It is a burden for the state agencies to maintain the records for most assets, which is why annual auctions are held so that the proceeds of the same can be returned back to the owner.
The state treasuries who manage unclaimed funds have generated latest tools that assist common people in locating their money themselves with the state database that is updated on a regular basis. As per the state laws, the companies are required to send the funds of lost account to the sender’s last known address.
The NAUPA manages the combined records related to unclaimed properties for different states. For doing the same, some companies try to find the owners present address so that they can contact him or her and charge fee to conduct property searches in the same manner mentioned, on above website of MissingMoney.
You need to find unclaimed assets that belong to you as that can assist in improving your finances very easily. For more details visit http://www.cashunclaimed.com