Unclaimed Property: Get Your $$$
Posted by Charlie Recksieck
What Unclaimed Property Is And How To Get It
What Is Unclaimed Property?
"Unclaimed property" can be defined as: Any financial asset that has been abandoned or ucollected by the owner for a specific period of time.
Typical examples: Closed bank accounts, dividends, royalties, utility company deposits, insurance proceeds, overpayments, class action settlements, etc.
Basically, when a company owes you money that you haven't claimed, then they are required to give that money to the state treasury (wherever you lived at the time). At any point, you are entitled to file a claim with the state to get the money owed to you.
Sometimes the amount might be a fractional interest amount like $0.02 which isn't worth pursuing. But other times we've seen amount like $800 or $1000 owed to people we know.
We'll list the states at the end of this article. Our hope from this article is that you check the sites below for the state(s) you've lived in and that several of you find this "free" money. (It's actually your money, that's the point.)
Is This For People Or Businesses?
Both. You'll see from your state's site that you put the business name or your last name in the same box.
By the way, it's a rare time where having an unusual, hard-to-spell name pays off. John Smith may have to weed through a lot of results whereas somebody with the last name of "Recksieck" has an easier time of it.
Can Look Anybody Up
If you've got some free time on your hands and want to do friends and family a solid, then you can look anybody up in any state. Obviously, you won't be able to claim somebody else's money. But I've pointed friends and family to moneys owed before. Maybe if it's a big enough amount, they might treat you to a nice dinner.
Here's a search I just performed on my name in California.
As you can see from our search, I found some money worth pursuing for my sister here in California where there's just a couple of low money duds for me. Don't you worry about me, I've already done this previously andcollected several hundred bucks that I had no idea was out there.
Unclaimed Property Websites By State
Federal Or Local
States are usually where this loose money can be found. But while you're on a roll, you can look nationwide AND more locally.
The federal government doesn't hold money like state treasurers above do. But perhaps you're owed wages that are residing with the Department of Labor, or your pension plan went sideways and there's money for you. Here is a solid U.S. government page with good links to try: Unclaimed Money.
Also, it's worth searching your local city or county - or ones where you've previously lived. It'll take a minute. Maybe there's old bail money you never collected.
If You Find Money ...
We'd love to hear about it. Contact us through our contact page, our social media (our Twitter) or email us at info @ plannedscape.net (sorry to not give a direct link to email, doing that on your website will get you some spam).