{"id":333,"date":"2022-03-21T16:50:40","date_gmt":"2022-03-21T16:50:40","guid":{"rendered":"https:\/\/knowledge-wise.com\/?p=333"},"modified":"2022-05-17T21:28:13","modified_gmt":"2022-05-17T21:28:13","slug":"your-free-guide-to-unclaimed-assets","status":"publish","type":"post","link":"https:\/\/knowledge-wise.com\/index.php\/2022\/03\/21\/your-free-guide-to-unclaimed-assets\/","title":{"rendered":"Your Free Guide to Unclaimed Assets"},"content":{"rendered":"\n

We are a private organization, and are not affiliated with the government in any way or form. Our team of writers created this guide to help consumers.<\/strong><\/mark><\/p>\n\n\n\n

Part I: Explaining Unclaimed Funds and Assets.<\/h1>\n\n\n\n

If you consider yourself a vigilant person when it comes to your personal finances, you may be shocked to learn that you could be leaving some serious cash on the table. You may be saying to yourself, I already work and live on a budget, I\u2019m cautious with my money, I stay on top of how my total assets and where they\u2019re located, and I always make sure to take note of every dollar I bring in<\/em>. Even so, there may still be some cash that belongs in your pocket, just sitting out there. Somewhere.<\/p>\n\n\n\n

You may even discover a source of forgotten or abandoned money, like an old checking or savings account, perhaps a refund that never found its way to its rightful owner, or even a gift card that still has a bit of a cash left on it. However, there are also times when you aren\u2019t aware that there is money owed to you.<\/p>\n\n\n\n

How Do I Get Started with MY Unclaimed Assets Search?<\/h2>\n\n\n\n

First know that unclaimed assets can exist in various forms, just sitting there waiting to be claimed by their rightful owners. These unclaimed assets can be in the form of money, funds, or currency that rightfully and legally belongs to someone, but for whatever reason, that person can\u2019t be found. It\u2019s also possible that due to some error, the cash could have gotten lost, uncollected, or unredeemed.<\/p>\n\n\n\n

Did you know that statistics published by The New York Times, say that there are billions of dollars in liquid cash, bank accounts, tax refunds, property, insurance policies, and the like sitting in the laps of state and federal agencies and organizations? It\u2019s true, money that has legitimately fallen through the cracks now belongs to them. From the information gathered by independent groups, they estimate the total amount of unclaimed assets is well over $80 billion nationwide.<\/p>\n\n\n\n

The most recent data gathered by the National Association of Unclaimed Property Administrators (NAUPA) says that state agencies have recently been able to return over $3 billion in assets to the rightful owners. Even so, there is still around $8 billion in new assets that are unclaimed every year.<\/p>\n\n\n\n

In addition to that, NAUPA reports that 1 in 10 people have unclaimed cash or property waiting for them that they are 100% oblivious to. This money is unfortunately lining the pockets of state and\/or government agencies as we speak.<\/p>\n\n\n\n

So, what about you? Do you think that you may have some unclaimed assets to your name? There could be cold hard cash floating around out there that belong to you that you may have no idea about. Want to learn more? Keep reading to see if you have any unknown money entitled to you, and if so, I\u2019ll also cover how to get it, so stay tuned!<\/p>\n\n\n\n

Types of Unclaimed Assets, Money, and Property<\/h2>\n\n\n\n

The National Association of Unclaimed Property Administrators states that unclaimed assets generally take on two main forms:<\/p>\n\n\n\n

Tangible assets<\/strong>. Such as physical properties of value, like the contents of a safe deposit box \u2014 money, jewelry, or other valuables.<\/p>\n\n\n\n

Intangible assets<\/strong>. Stocks, investments, checks that haven\u2019t been cashed, or other types of non-liquid funds, etc.<\/p>\n\n\n\n

Unclaimed assets can come from various sources for a multitude of reasons. Keep reading to learn more.<\/em><\/p>\n\n\n\n

Checking or Savings Account Funds<\/h3>\n\n\n\n

Money that\u2019s sitting in your bank accounts could be a source of unclaimed assets. Reasons include the following:<\/p>\n\n\n\n

You may have forgotten about the balance in an old or dormant account that you haven\u2019t used in years or perhaps you forgot to close an account altogether.<\/p>\n\n\n\n

To make matters worse, if the bank were to close, the problem may only get bigger since the money is no longer accessible. While any money you have deposited with a financial institution is insured up to $250,000 thanks to the Federal Deposit Insurance Corporation, which means that your cash may remain tied up for who knows how long?<\/p>\n\n\n\n

Or it could be something as simple as a glitch in the system that could mistakenly indicate you have no money in an account when the balance is actually in the black.<\/p>\n\n\n\n

Unpaid Wages or Salaries<\/h3>\n\n\n\n

If you\u2019ve recently quit a job, got fired, or changed locations, it\u2019s possible that a former or recent employer may be trying to mail you your pay via paper check. In the case that they mailed it to the wrong address, or the possibility that the check was lost in the mail, you have unclaimed assets just floating around somewhere. This may happen if you moved, and your employer doesn\u2019t have your new address.<\/p>\n\n\n\n

If you\u2019re someone who uses direct deposit, a tiny clerical or accounting error could mean the company is paying you less than what they legally owe you. A quick and easy solution to this is to remember to review your paystubs every pay period and look for any discrepancies.<\/p>\n\n\n\n

Refunds<\/h3>\n\n\n\n

Missing refunds take several forms:<\/p>\n\n\n\n