No Need To Worry As You Can Easily Recover Your Unclaimed Money All By Yourself!
No Need To Worry As You Can Easily Recover Your Unclaimed Money All ByYourself!
It is not uncommon for individuals toreceive letters, telephone calls or emails informing them that they are owedunclaimed money. Further, it is not uncommon for such a person to offerassistance in recovering the money. Of course, this service shall not beoffered for free but shall be offered for a price. However, why should you payto get what is already yours? Why should you pay to get your unclaimed moneywhen you can get your unclaimed money with very little expenditure?
Be assured that the process of fundsrecovery or money finding, as it is also called, is not illegal. Such personsare called property locators or heir finders.
These individuals cannot charge a hugeamount of money for providing the service to you. In fact, the law clearlyprovides the limit beyond which the person offering the unclaimed money recovery service cannot charge.The person is paid for performing the task of locating the money owed to you,locating you and connecting the two.
However, if you do not want to use theservices of an intermediary and if you want to claim the money yourself, youcan always go ahead and complete the formalities yourself.
Unclaimed money can come into existencethrough many financial transactions and financial instruments. The money thatis lying idle in your old checking or savings accounts or the forgotten stocks,bonds, dividends, insurance policies, safe deposit boxes etc are the primarysources of unclaimed money. After a period of inactivity with no contact fromthe clients, the institutions hand over the money to the state.
Once, the state or the federal agencypossess your money, they simply wait for you to come and claim it. Ideallyspeaking, the agencies are supposed to advertise the presence of unclaimedmoney owed to you. However, this rarely, if ever, happens and the individualremains unaware of the problem.
Now, if you want to find the unclaimedmoney all by yourself, this is what you should do. Firstly, you will have tosearch an unclaimed money database. This is the most efficient and effectiveway to initiate the process. You ought to use a database that covers all stateand federal databases. Searching just one or few databases will render yoursearch incomplete.
The all-in-one databases require payment ofmoney if you want to access the same. However, to ensure that you do not incurunnecessary expenditure, you are allowed a free search to determine whether youare owed unclaimed money or not.
To determine whether you are owed unclaimedmoney or not is just the first step. Once this is done, the individual has tofill out the appropriate claim forms to initiate the process of recovery. Theforms can be downloaded for free from most websites. Proof of identificationand/ or proof of ownership of unclaimed money also have to be attached.
The agency holding your money will,naturally, verify your claim and the unclaimed money check should land at yourdoorstep within two to sixteen weeks.
