Unclaimed Property

Did you know that the various states have millions of dollars in lost or forgotten assets from dormant bank accounts, uncashed checks, valuables left in safe deposit boxes and stock certificates? Because these properties were considered abandoned and unclaimed by the bank or company entrusted with them, they are turned over to the state, as required by law.

Common types of unclaimed property include:

• Bank accounts and safe deposit box contents
• Stocks, mutual funds, bonds, and dividends
• Uncashed checks and wages
• Insurance policies, CD's, trust funds
• Utility deposits, escrow accounts

The National Association of Unclaimed Property Administrators maintains a database of governmental unclaimed property records that you can search for free. It is located at www.missingmoney.com