Is Free Unclaimed Money a Myth?

Is Free Unclaimed Money a Myth?

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Most people think free unclaimed money was a myth. If you are one of them then you need to give it a second thought, because according to a recent survey there are billions of dollars lying in the US treasury in the form of free unclaimed money.

Another little known fact is free unclaimed money is growing at an unprecedented rate across the United States of America with each state contributing its share.

Free unclaimed money came into being when the rightful owners of properties, shares, bank accounts, other financial assets disappeared owing to a change in job, marriage or death.

In order to get your share of free unclaimed money, all you need to do is file a claim and reclaim your dues. You never know, you might become rich by simply unearthing your hidden property and pave way for the others to follow suit.

When such individuals failed to claim their assets within a certain period (usually three to five years, the related institutions that had taken possession of these assets as potential working capital passed them over to their respective states.

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The government and states then transfer them to the treasury department and labeled them as free unclaimed money.

Government unclaimed money can be in the form of hard assets like property, forgotten bank accounts, shares or financial bonds. How does your money become government unclaimed money?

Here is the simple answer :

It all happens when you relocate to another state on the pretext of getting a new job or marriage, die in an accident or become disabled. In such a scenario, more often than not, you tend to forget about your own funds and fail to keep track of your financial institutions.

When this happens, your money is immediately taken up by your respective bank or financial institution where it functions as a potential working capital for a period of three to five years. After this, it is conveniently transferred in the form of government unclaimed money to the state treasury.

So, where is the unclaimed money held?

The funds lie with the government till the time its rightful owners do not come forth to stake a claim. The claims can either be done by hiring a professional or by using the services of the internet. Either way, you need to hurry for the government unclaimed money is waiting for your arrival.

The states don’t bother to locate the rightful owners on the pretext of minimal manpower but the truth is far from this, for the government unclaimed money actually help the states in meeting their financial deficits.

Now that the entire process is crystal clear, start your easy search for free unclaimed money today!