Many people wonder what happens to unclaimed property when it is turned over to unclaimed property offices.
In most cases, unclaimed money and unclaimed property are used interchangably.
If for example, a deposit box contents are turned over to the state, the contents will be sold at auction and then become a monetary value for the unclaimed property owner.
In fact, just today, this story was reported fromTMJ channel 4 in Madison Milwaukee.
Because it was left in a bank’s safe deposit box and unclaimed, it’s now property of the state of Wisconsin and so are many other valuable items.
“It’s everything from Michael Jordan’s card when he played baseball to a signed Ted Williams card which is probably worth a lot of money,” Perkins said.
Megan Perkins works for the Treasurer’s Office.
“99 percent of the time it’s the owner of the box has passed away and didn’t let their heirs know they have this safe deposit box,” Perkins said.
The best part is you have the chance to buy some of the items. They all go on sale on eBay at noon Wednesday. more…
If you desire to find all possible claims in your families names, please visit http://www.unclaimedmoney.net in order to ensure you do not get scammed by the many dozens of unclaimed property websites to choose from.
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November 28th, 2007
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Find Free Money, Wisconsin, Unclaimed Money Auction, Unclaimed Funds, Lost Money, Unclaimed Property, Assets, Unclaimed Money |
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If you’ve resided in Alaska sometime in your life and wondering now if you might have left behind financial assets, well, there’s a 70% chance you just might have. An estimated 7 out of 10 Americans are owed unclaimed money by the Treasury Department in the different states across the country. The amount of unclaimed funds currently totals nearly $40.
Lost financial assets are turned-over to the federal department of each state after a certain dormancy period. The number of years these assets have to be dormant depends on the type of of asset and on each individual state’s local laws. In Alaska, that can be 1 year for utilities and safe deposit box contents, 3 years for things like mineral proceeds and interest, 5 for checking and savings accounts and stock shares, and 7 years for non-bank money orders. The longest dormancy period is 15 years for traveler’s checks.
Luckily, there’s no need to leave your home in order to claim your lost money in Alaska - just get on a computer with internet access and let your fingers do the work. Be warned though, as in many other places in the world, there are also a lot of unscrupulous people on the web out make a fast buck. They charge you per every single search, so it’s easy to spend 20, 30 bucks and come-up with nothing. There are some useful ones which show how to do effective search methods for a minimal fee. It’s really your decision on how to go about searching for your money- just do it and get what’s rightfully yours.
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Kansas State Treasurer Website - UP Search Disclaimer The Unclaimed Property Division seeks to return various forms of unclaimed property to the rightful owner or heirs. The State Treasurer has the authority to …
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The purpose of the Unclaimed Property is to reunite lost owners with their … Unclaimed property is considered abandoned when it remains unclaimed for the …
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November 26th, 2007
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unclaimed money, Aklaska, Find Free Money, Lost Money, Unclaimed Money |
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This is a great article related to finding free money for college.
So many young people may never go to college because they believe they do not have enough money. Though this may be true for what they have in the bank, there are other avenues available to help pay your college bill.
Federal and state grants serve as the biggest source of direct student aid. Here’s where to find it and how to get it. read more…
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October 25th, 2007
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Find Free Money, Free Money |
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