By: Matiya Hill
Welcome back to Brown Girl Green Money and as always thank you for your continued support! It seems like I’ve been on a long BGGM hiatus, but now it’s back to business. I’m excited about this post and I’m eager to deliver the info! Today’s post will be about unclaimed property, unclaimed property consists of bank accounts, unredeemed money orders, wages, utility deposits, insurance policy proceeds, stocks, bonds, and contents of safe deposit boxes that typically have been abandoned for more than a year. This topic peaked my interest because I stumbled upon a hefty $6.00 that was submitted to unclaimed property on my behalf back in 2010. So I wondered how many people actually have funds that are just sitting and patiently waiting to be claimed.
State officials generally make a diligent effort to contact the person that is entitled to the unclaimed property. Most states hold lost funds/property until the potential claimant is found, normally returning the funds at no cost of for a small processing fee. Also, before unclaimed property is received each claimant must complete a claim form and provide proof of identification. Searching for unclaimed property is fairly easy, simply start here: www.missingmoney.com. This site gives each claimant the ability to search his/her residing state for unclaimed funds. Once you go onto this site, enter your first name, last name, middle initial and residing state. If you have property out there, you also have the option of contacting your local state officials for additional assistance. There isn’t an expiration date on unclaimed property, so happy unclaimed property hunting and I hope you are able to find more than $6.
Thank you for reading this post and please tell us if it was helpful to you. Lastly follow us on social media: Instagram @browngirlgreenmoney & www.facebook.com/browngirlgreenmoney. We would love to hear from you!