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U.S. unclaimed property law classifies financial assets as dormant, unclaimed and abandoned when contact with the owner or heir is lost over a period of time. This often happens due to name changes after marriage or divorce, an unreported change of address or expired postal forwarding order, incomplete or illegible records, and most often after an untimely death. ►When owners or rightful heirs fail to claim a forgotten asset over a specified number of years known as the dormancy period, those left holding the abandoned funds: banks, stock brokers, utilities, employers, life insurance companies and government agencies themselves - transfer custody to an unclaimed money trust account in a legal process known as escheat. Here this lost cash awaits your claim. The state of New York currently holds $12 billion in unclaimed cash. California and Texas abandoned property adds $10 billion more. But this isn't just a big state phenomenon. Local governments recently collected $23 billion worth of forgotten money, of which less than $1 billion was reclaimed. The U.S. federal government holds even more, including $17 billion in unredeemed savings bonds, and hundreds of billions of unclaimed dollars in IRS refunds, retirement and Social Security checks that went undelivered or weren't cashed. ►Millions of family members are totally unaware they’re entitled to collect missing moneys owed deceased relatives, who passed on without leaving an updated will or complete financial records. It's estimated 25% of life insurance policies are never paid, for example, because it's up to heirs to notify the underwriter when a policyholder dies, and virtually no effort is made to find lost beneficiaries and missing heirs. |
| Search for Missing Assets and Abandoned Property |
| Savings Bonds | $17 billion in unclaimed US Savings Bonds |
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The value of unclaimed US Savings Bonds that have matured and stopped paying interest currently exceeds $17 billion. No effort is made to locate the missing - owners and family members of deceased relatives must initiate a search. Savings Bond Search |
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| Life Insurance | Missing life insurance beneficiaries & heirs ... |
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One in four life insurance policies go unclaimed on death of the insured, because family members aren't always aware a policy exists, or don't know how to track it down. Unclaimed Life Insurance Policy Search |
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| Tax Refunds | IRS income tax refunds |
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Last year alone, the IRS was unable to deliver income tax refund checks worth $153 million - an average of about $1145 per taxpayer, because taxpayers failed to reported changes of name and/or address. IRS Refund Search |
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Stocks & Bonds |
$10 billion in lost stocks, bonds and mutual funds |
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The SEC estimates 3 million lost stockholders are entitled to unclaimed stock and mutual funds worth $10 billion. Additionally, $500 million in stock dividends and bond interest payments are not cashed each year. Lost Stocks and Bonds |
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| Gift Cards | $8 billion annually in lost, forgotten or unused gift cards |
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Last year alone, gift cards worth $8 billion were lost, forgotten or otherwise went unused. In many instances new state laws allow for refunds or replacement, even if the card has an expiration date. Gift Card Refunds |
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| Lost Heirs | Have you been contacted by an heir finder or asset tracer? |
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Professional asset tracers often contact lost family members and heirs of deceased relatives, demanding 35% or more for information on unclaimed money. Find and claim these missing funds yourself. Unclaimed Money Search |
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| Missing Inheritance | Trace and claim a missing inheritance |
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Government trustees are holding billions in unclaimed money and forgotten property owed relatives of deceased family members who can't be found because they've moved or changed name after marriage or divorce. Missing Inheritance Search |
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| 401(k) Plan | 850 million in unclaimed 401k retirement plan rollover assets |
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Each year $850 million in 401k retirement plan assets owed employees of companies that have closed or gone bankrupt are left with pension plan administrators and go unclaimed. 401k Retirement Plan Trace |
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| IRA | Missing or unclaimed Individual Retirement Account (IRA) |
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50 million Americans have money in IRA retirement accounts. If withdrawals are not made by age 70˝, or in some cases as early as 59˝, Individual Retirement Accounts may be considered unclaimed or abandoned. Missing IRA Search |
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| Demutualization | MetLife, Prudential, MONY and John Hancock policyholders and heirs |
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MetLife, Prudential and John Hancock policyholders and heirs may be eligible to claim cash and/or stock after the recent demutualization of these and twenty other major life insurance companies. Unclaimed Mutual Life Insurance Policy Benefits |
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| Pension Benefits | $133 million in unclaimed pension benefits |
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32,000 missing workers are eligible to claim $133 million in unclaimed pension benefits from bankrupt companies with terminated defined-benefit employee pension plans. Unclaimed Pension Search |
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| Bank Accounts | IRA s, CD s and savings accounts at FDIC insured banks that have closed |
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Over 400 banks closed their doors in the last four years, including the largest ever, Washington Mutual (WaMu). Depositors may collect insurance proceeds - up to $250,000 per account - but time limits may apply. Bank Account Search |
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| Veteran Benefits | VA Benefits - Military Special Pensions |
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The Aid and Attendance (A&A) Special Pension provides benefits for veterans and surviving spouses who require assistance with daily chores or nursing home bills. Only 1 in 7 eligible have applied. Veteran Benefits |
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| Child Support Payments | $750 million in unclaimed child support |
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States collect billions of dollars annually in court-ordered child support. Three-quarters of a billion dollars have gone undistributed & unclaimed, due to incorrect address information on the custodial parent. Unclaimed Child Support |
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| Actor Royalty | Screen Actors Guild (SAG) royalties |
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The Screen Actors Guild (SAG) is holding tens of millions of dollars for thousands of performers whose residuals checks - royalties earned from television and film performances - have gone unclaimed. SAG Screen Actor Residuals |
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| Uncashed Checks | Lost or Uncashed Checks |
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Failure to cash or deposit a check does not terminate your right to the funds and the issuer's responsibility to pay. This is true even if a check specifies an expiration date. Uncashed Checks |
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| HUD Refunds | HUD refunds |
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HUD is holding hundreds of millions of dollars in unclaimed refunds owed former homeowners whose homes were sold, but failed to provide a new address after the move. HUD Refund Search |
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| Military Pay | $315 million in unclaimed military Retroactive Stop Loss Special Pay (RSLSP) |
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The 2009 War Supplemental Appropriations Act authorized special pay of $500 for every month served in stop loss status. 80,000 veterans & beneficiaries are eligible to claim an average benefit of $3,700. Military Stop Loss Pay |
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| Holocaust Assets | Holocaust Victims Assets |
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Israel's Location and Restitution of Holocaust Victims' Assets database contains over 60,000 assets, including deposit accounts, securities and real estate. Holocaust Victim Asset Search |
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| Musician Royalties | Digital music royalties from satellite radio, cable TV and internet radio |
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$360 million in digital music royalties from internet webcasts, satellite radio & cable television play are due recording artists, musicians & copyright owners. $111 million has gone unclaimed. Music Royalty Payments |
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| Native Americans | Native American Indian Trust Funds IIM Settlement - Cobell v. Salazar |
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On November 30, 2010, Congress approved a class action lawsuit settlement authorizing $3.4 billion in compensation owed to over 500,000 Native American Indians. Indian Money Search |
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| African Americans | African American loan discrimination class action lawsuit settlement |
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On 11/30/10 Congress approved payments of $50,000 each to African American & Native American farmers who were discriminated against in obtaining loans by the US. Dept. of Agriculture (USDA). Discrimination Settlement Claims |
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| Foreclosed Homeowners | Foreclosure Settlement |
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Homeowners who were foreclosed on by Bank of America, GMAC/Ally, Citi, JP Morgan Chase or Wells Fargo between 01/01/2008 and 12/31/2011 may be entitled to share in a $1.5 billion legal settlement. Foreclosure Settlement Claims |
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UNCLAIMED
ASSETS: Money The Government Owes You! |
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