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United States Treasury Unclaimed Money

THE BEST WAY TO FIND UNCLAIMED MONEY

Forgotten insurance policies, deposit boxes, lottery prizes, promotional rewards in the form of money and such other types labeled as unclaimed money. An owner can search state treasury database to look for the lost property, which is a bit tricky and time consuming. At present there are 80 state level databases.

If you think you don't owe any unclaimed property then you might be wrong. According to officials the unclaimed property total has already touched to record high $50 Billion across the United States. It is estimated that more than 70% families are owed unclaimed money. Isn't surprising? So why don't you take a chance to search some for you? There are two basic ways using which you can search your lost treasure. Here you will find details about these ways on how to find your unclaimed money.

But before that let me give you an idea what exactly unclaimed money and why it is there? It is nothing but any type abandoned investment. Any type means literally any type. This can be a bank saving account or a small check drawn in favor of you by your company. Forgotten insurance policies, deposit boxes, lottery prizes, promotional rewards in the form of money and such other types labeled as unclaimed money.

Government collects such type of abandoned investment once in three years to deposit at state treasure office where it stays until the right owner claims it.

Such unclaimed property can be found out by two basic ways.

1. An owner can search state treasury database to look for the lost property, which is a bit tricky and time consuming. At present there are 80 state level databases.

2. An easy method to use internet and certain websites that lists "All-In-One" database for unclaimed property. This data is collected across the United States from all federal states.

Using any of one will surely help you to find your lost treasure. Here are some basic guidelines for searching unclaimed money.

The best place to find your property

The only and the best place to find your money is internet. Obviously number of websites are there that has maintained the database across thought the country. Anyone can access these websites to search the money. These are designed to be user friendly. So a user just need to enter his/her name in the provided search box and in seconds user will be viewing all money matters concerned with given query.

Searching other state database

This is very important in the case if inherited property. If is possible your ancestors moved to current state from another state and they left property behind. This can even happen if you have left your company and have shifted to another state. Now your previous company had left employees checks in your bank account that hasn't been deposited yet. Other than these, there are number of reasons that can make you to search other state database. That is why, sometime searching other state data can be just like a jackpot for you.

How to claim your property

Once you have find out your property then if you are using internet then you should take a print of the claim form, the database showing your property and the identifications. If you have approached to state treasury office, then take a claim for and fill it out completely. Along with the claim form you also need to attach all necessary documents such as your identification and the property identification papers. This will speed up the process. After submitting all these paper to the appropriate state treasure department or to the website you should wait around 7 to 8 weeks to process further. Sometime in complicated cases it may stretch till 16 weeks.

Source: Free Articles from ArticlesFactory.com

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