Find your 'lost' money in 2 minutes with these tools
Find your 'lost' money in 2 minutes with these tools
3:54

Find your 'lost' money in 2 minutes with these tools

Money
One in 10 Americans are totally unaware they are entitled to unclaimed assets in the form of money from things like forgotten bank accounts on cash, payroll, dividend or refund checks. And that even includes property like coins and jewelry from forgotten safety deposit boxes. In fact, it is estimated there is $50 billion of unclaimed moolah just sitting around Held by state governments New York has $16.5 billion in lost or forgotten property. And California has got approximately $10 billion. And folks are getting that money back. Florida doled out claimed property for $328 million and that was just last year. It's super easy, fast and free to find out if you've been missing out. I found some money for my family members, it takes just under two minutes to check, I'll show you how. [MUSIC] Okay, let's start with the basics on what exactly this is. According to the National Association of unclaimed property administrators, yes, that is a real thing. Unclaimed or abandoned property refers to property or accounts within financial institutions or companies in which there's been no activity generated or contact with the owner regarding the property for one year or longer. And after a designated period of time, that property or money Becomes unclaimed and by law must be turned over to the state. There are many different types of unclaimed property including checking or savings accounts stocks, on cash dividends or payroll checks, refunds, customer overpayments. Traveler's checks, trust distributions, certificates of deposit utility security deposits, mineral royalty payments, contents of safety deposit boxes, insurance payments or refunds and life insurance policies, annuities, and some states even include unredeemed money orders or gift certificates. Fun fact, according to the National Association of Unclaimed Property Administrators The average claim paid out was $1,780 in 2019, so you may find a nice chunk of cash. Okay, here comes the good part. It is simple to figure out if you've got unclaimed property, the easiest way is to go to unclaimed.org. That's the official webs. Say for the National Association of unclaimed property administrators, you click the big button that says conduct your free search, you'll be able to select your state, which will take you directly to that state's unclaimed property website. Now every State's website is a little different, but if you search your name and your city, it's possible nothing may come up. Try being more broad and just searching your name without a location. You may see results that include you and maybe a bunch of other people with your name. The official associations website also suggest trying missing money.com it lets you search across all states at once. But I don't like how the missing money website Has this tricky pop up that makes you think you have to install a browser extension. If you're on Google Chrome, you do not have to install anything. So you might want to use Safari or Firefox to avoid that annoyance There's also findmyfunds.com. It too can search across multiple states at once. It doesn't include every state but it's worth checking out. Okay, so once you find your name, what you need to do to claim your property will vary depending on which state is holding it but For the most part, you're gonna need to prove your identity, and your right to the item. States also allow you, to claim property of a deceased relative. And again, the rules around submitting a claim, differ state by state. But that's it. That's all you need to get started. Hopefully, you'll find what you never knew you've been missing. Good luck, and go get your money.

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