Finding Government Unclaimed Money
|November 14, 2011||Posted by admin under Unclaimed Money||
Government agencies are holding over $40 billion in government unclaimed money and property. The way it works is that cash and other financial funds are deemed missing when contact with the original owner cannot be communicated. This normally transpires when there has been a name change from a marriage or a divorce, when someone does not change their address or their mail forwarding contract has elapsed. It can also take place from incomplete illegible records from the death of a family member which occurs suddenly.
There are massive amounts of government unclaimed money in the hands of the federal court system and miscellaneous gov agencies like IRS income tax refund checks, savings bonds, social security benefits, mortgage refunds (from HUD), pensions and all types of insured money funds from the FDIC.
There is billions sitting in government unclaimed property that is owed to deceased relatives that had no legal wills and this property and other benefits could be gotten from legal heirs.
It has been estimated that a large percentage of life insurance policies go unclaimed upon the death of the insured. This happens because the family members must notify the insurance company when a policyholder dies. Insurance companies will not seek out legal heirs to pay them millions of dollars. They will only do what is required of them when the time limit for reporting occurs, or in this case they can plead that they knew nothing of the death and therefore did not do anything wrong. This is a lot of government unclaimed money that has someones name attached to it and it may be you and you don’t even know about it. Take the time to find out now. it’s easier then you think.