subject: Information You Should Know Regarding Unclaimed Money [print this page] In the state of California alone, the unclaimed money have reached over $5.5 billion and it's estimated 1 in 5 have unclaimed money. With the states enjoying this kind of large budget benefits from the unclaimed assets, they have got little (or better say no) interest to locate the legal owners of this missing funds.
Forget about the regular persons. Simply tell me how hard is it to locate big names like Julia Roberts, Reese Witherspoon, Benicio Del Toro, Kate Hudson and Microsoft? Do you know they are surely all to be paid missing money from California's state database? Its clear California rather keep the money than have it delivered to the rightful owners. In reality they may be more keen on using these unclaimed property to solve the budget issues of the state.
With institutions and persons forgetting to claim money, greater than 30 billion dollars is owed in unclaimed funds. Lots of people did not keep records to their money and properties due to unfortunate circumstances like disabilities, sickness and deaths. That is why it's imperative that you keep accurate records about your financial institutions where your hard earned dollars is held and where you have invested your money. So you aren't among those who fail to even know about their missing money and someone else claim their unclaimed money.
There are online resources that provides you a free search for unclaimed money and unclaimed property. IRS Unclaimed Money is one of those online resources. Just type the name and state to find out how much is owed to you.
Information You Should Know Regarding Unclaimed Money
By: Kali McCarthy
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