January 6, 2012
Find Unclaimed Property in Utah – Part 1 of 2
(Part 1 of 2)
Utah may be called the Beehive State, but the Utah State Treasurer's Office is holding a treasure that's sweeter than any honey. Every year millions of dollars in missing money is turned over to the state treasury dept. in the form of Utah unclaimed money. As of 2005, the state treasury held more than 100 million dollars, waiting for the rightful owners to come forward and take back what is owed to them.
Though it's tough for most people to accept that this money is real, because it's seems impossible that people could simple "forget" about such large sums of money, but in fact unclaimed funds comes from accounts and assets the majority of us have and use throughout our lives. Though there are a lot of different types, the Utah State Treasurer's web site lists the following as the most common types of lost money: certificates of deposit, checking accounts, gift certificates, overpayments, unpaid wages, paid-up life insurance policies, uncashed checks, commissions, dividends, death benefits, money orders, insurance payments, stocks, savings accounts, refunds and contents of safe deposit boxes.
While locating forgotten funds can be easy for those that know what they're doing, there a lot of obstacles that can and quite often do get in the way of people trying to locate their money. Most of these issues relate to being uneducated about how to perform thorough searches to ensure all possible claims have been discovered. When starting out, it's often easy to fall in to the trap of just searching once and accepting the search results as the final answer in our quest. The next biggest mistake is thinking that all search sites are alike.
(to be continued)
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Unclaimed Money: Missouri Woman Nets $6.1 Million, is Largest Known Property Claim in U.S. History
One unidentified Missouri woman received $6.1 million from an unclaimed property she didn't know she had.
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