Money

solarmind

solarmind

Jedi
Just came across this article, and though to share here.

"According to the National Association of Unclaimed Property Administrators, state governments are holding more than $30 billion in unclaimed funds. The money comes from the remnants of long-forgotten checking accounts; estates that went unclaimed; unclaimed life insurance payments; and refunded bills that never found their owners. Each state government is required to hold unclaimed property until its rightful owner files a claim for it. With a couple of simple Internet searches, finding money that is owed to you or to your close relatives is a simple task."

Those quesiotns come ot my mind:

1. Is this a resource for such abnormal government funding and the rise of "self-made" billionaires like Elon Musk etc?

2. What is the relationship of this with those e-mails of the dead relative who left big amount of money only relatives can clame ... ?

In Step 4 it said :​

"Once you receive your claim form, you may be asked to provide a copy of state issued identification, along with any documents relating to the claim, such as proof that you lived at a former address. Don't worry if you don't have all the documents they are requesting. Many times, the government can determine you are the rightful owner based on the information you submit.

bolded part is very interesting for "underground" agents and STS projectors and "accidental" double identities and names ...​

 
Well … I have had a case of this in Australia.

I had an joint account with my ex that was in our name, but intended as a gift to a girl that was born in 2008 (we were unable to put that account in her name, as she was a minor). We paid $10 every month, by a regular payment order. Years went by and I forgot about this account. A few months back I got a check in the mail with some forgotten (or wrongly calculated) interest, which reminded me of this account.

The bank said, this account has been closed, then the government website, where the unclaimed money should go, said they don’t have it, presumably because the account is still active. Another branch of the bank said, the account is still active, and when I returned to the branch, they said no, it’s not, we can’t find it. Finally, they provided me with an exit statement, but no account on the unclaimed money website.

So both claim that the other party has the money - still trying to locate that account, but it doesn’t look good.

So, in theory, it works, but in practice …?

On a funny note, while I searched for this money, I found a lost account in my ex’ name. I contacted her and told her that she had a lost account with bank X. She said: ”I’ve never had an account with X!” …

Go figure!
 
Many years ago, I came across a money making idea involving unclaimed funds. My job was to find those people who were the owners of the unclaimed money and charge them a percentage of what was recovered. There are MANY unclaimed accounts out there. I think I was able to make a deal with a few, but it was a lot of work to locate them.
 
SevenFeathers said:
Many years ago, I came across a money making idea involving unclaimed funds. My job was to find those people who were the owners of the unclaimed money and charge them a percentage of what was recovered. There are MANY unclaimed accounts out there. I think I was able to make a deal with a few, but it was a lot of work to locate them.
Click to expand...
Thank you for sharing... sounds like a reasonable idea for all involved.

And do you think that some personal bankers of rich clients who died will search for family memebrs too?
 
solarmind said:
And do you think that some personal bankers of rich clients who died will search for family members too?
Click to expand...
The rich bankers probably keep it for themselves!

This was many years ago when I did this, way before the internet. I had to travel to different places to try and locate information. Now it's easy just to go on the internet and search. Each state seems to have a website for unclaimed property.
 
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