« Home | Millionaires in the Making » | Getting the Most from a Savings Account » | Million Dollar Idea, Billion Dollar Genius » | Guide to Wealth »

Do You Have Unclaimed Property?


moneyYou may be a millionaire and not even know it! Billions of dollars are currently in the possession of state governments just waiting to give it all away. It’s been said that 9 out of 10 people have some sort of unclaimed property whether it be cash, stocks, bonds, real estate, etc. I’m unable to verify that statement, but I can tell you that there is a ton of property just waiting to be claimed by individuals like yourself. All you need are the right tools to be able to locate it. We'll get to that in a second.

Carol Lee Woods, an Indiana resident, was recently paid a little over $116,000 in unclaimed property that came in the form of stock that Woods had purchased around 1960. She followed the stock symbol for years but eventually lost track of it when the symbol changed. Woods said she just assumed the company went bankrupt and that she had lost all of her money. It wasn’t until recently that Woods learned her $700 initial investment had accumulated into a total of $116,429! Not a bad investment.

The state of New York has said that they have an unclaimed property account for $1.7 million that is for a single individual. However, no one has yet to claim it. The largest amount that was claimed in New York was an account worth $5.9 million. Astounding! And that’s just for the state of New York. There are accounts like that in every state that are just waiting to be claimed.

Anyone may have unclaimed property, and fortunately the government makes it as easy as possible to locate. Even so, many web sites try to sell the information that you could easily locate for free. The only web site that you need is www.unclaimed.org. This is an official portal to all government agencies and is your best resource for finding unclaimed property. From that web site you can link to www.missingmoney.com which is another great official site. The databases are updated constantly so if your search comes up empty, revisit the site in a couple of months to see if anything has turned up. You may be surprised at what you find.

Post a Comment