Do you ever get that feeling you are missing some money?
Last week the Secretary of State for Connecticut reported that 52,994 names were added to the unclaimed money list for the state. The unclaimed money list is a big list of names (individuals, companies, non-profits and more), that each state maintains from institutions that turn over money to them. You may be asking why would an institution turn over your money to the state? Good question, these are funds from accounts that haven’t had any activity in several years. Here are a few examples:
- An in active savings account
- Proceeds from a check not cashed
- Unclaimed insurance polices proceeds
This past weekend, I did a search for myself and members of my family. I didn’t find any results this time, but I have in previous attempts. In the past, I found a few share of stock that I inherited and the proceeds of an old life insurance policy my father.
When was the last time you checked? Don’t forget to check in every state you have lived in. Remember that there is no fee to claim unclaimed money. If you are asked to pay a fee – don’t.
Here’s an old article I wrong on this for more information click here.