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Every day, numerous people recover money that is rightfully theirs but has been forgotten. This missing money is held by state and federal government agencies in trust for absent owners.
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What is Unclaimed Property?
Bank accounts, insurance payments, wages, commissions, dividends, stocks, utility deposits,life insurance, or other intangible property become unclaimed when they go unclaimed for an extended period of time as specified by state laws. Often a company or government isn’t notified of an address change and is unable to locate the owner of the unclaimed property. After a specified dormancy period, this missing property is turned over to the state for safe keeping.
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