Every year, millions of dollars that should be in Americans’ pockets end up being held by the government until claimed by their rightful owners.
It’s called “unclaimed property” and can range from a few dollars to thousands of dollars.
So what is unclaimed property?
According to the U.S. government, if a business, government agency, or other source owes you money that you haven’t recovered, it’s considered unclaimed.
Your former employer may also be held liable for unclaimed cash. Have you ever worked for a few days and then suddenly quit your job and weren’t paid? Admittedly this is a very specific example, but if the answer is YES then there are unclaimed bills held by the government. may have the property of
Unpaid wages are just one example of what the government considers unclaimed property.
If you belong to a bankrupt financial institution or have paid too much on your utility bills, that might count too.
But it can also come in the form of old bank accounts, stocks, trust funds, uncash bank checks or money orders, and even unclaimed tax returns.
What your former employer, company, or government has never been able to give you is all the money you are entitled to receive.
And it’s all you can see.
In California, the state should do its best to contact you and inform you about the missing money, but sometimes those efforts go awry.
“We often lose contact when an owner forgets the existence of an account or moves and doesn’t leave a forwarding address. It can also cause death,” says the California Department of Management.
KRON On is now streaming live news
If the state fails, it becomes your job to find out if there is any property awaiting claim.
california can Search on the Secretary’s Office website Find unclaimed properties. There are also detailed instructions on how to claim and what you need to do to prove your identity.
But what if you’ve lived and worked outside of California before? Fortunately, most of the other states across the country are searchable at once. MissingMoney.comThe website is federally approved.
If you find that you have unclaimed property, you will need to file a claim and wait for the claim to be processed.
Money is usually issued in the form of a check and is usually free to claim, although the method of verifying identity varies from state to state.
There is no limit to how often you can search, and you may find your money floating around in multiple places. Give it a try and don’t miss out on your hard-earned cash.
For a full breakdown of the different types of unclaimed property and how to find them, visit click here.
https://www.kron4.com/news/are-you-missing-money-how-to-find-out-if-you-have-unclaimed-property-in-california/ Not enough money?how to find out