Recovering Unclaimed : State and Federal governments have to be commended for preserving unclaimed funds in a very methodical manner for years. That is very encouraging for U.S. residents irrespective of their age or place of residence – now they know that the government machinery is there to help in their efforts to search for the missing money.
In collaboration with federal agencies and other local agencies, State governments have taken concrete steps to ensure that the residents go through a very simple process for locating and claiming their missing money. As an individual who is in need of some help for locating their missing money, the following facts have to be understood:
• Majority of the State governments have launched an ‘unclaimed funds’ website which facilitates the search for missing money and which provides all the steps for claiming the funds
• Identify and accredit all the private ‘unclaimed property search agencies’ which can be termed as reliable for the search process
• Arrange state sponsored public fairs which welcome any walk-in assistance for missing funds inquiries and on-the-spot claim of funds. These fairs have managed to spread awareness about the unclaimed funds search to a great extent. The councilors and officials are knowledgeable and helpful and provide you with all the relevant information
Many residents who were earlier apprehensive about the long drawn process of reclaim were pleasantly surprised when they discovered the checks in their mailbox. Identification of your lost funds is the first step of the process. Once this is accomplished, the states’ unclaimed funds sites have the claim forms on their websites which can be submitted with just a few clicks and with a very simple data. These claim forms reach the ‘unclaimed funds’ authorities who trigger the next steps so that you can receive the missing funds which rightly belong to you.
This process has been simplified over the years and now even the least tech-savvy individuals can apply for the claim with very little instructions. Many of the individuals who have successfully reclaimed their lost money have become the advisors and brand ambassadors for states, and are helping their fellow citizens to reclaim their lost funds.
Recovering Unclaimed During this whole process of reclaim, it should be understood that the federal agencies and state government will only help you in expediting the process of claim, but the actual task of locating the unclaimed funds have to be initiated by you. Also, every federal agency maintains its personal database of unclaimed funds.
According to the Treasury department,”There is no government-wide, centralized information service or database from which information on unclaimed government assets may be obtained. Each individual Federal agency maintains its own records and would need to research and release that data on a case-by-case basis.” However, there are a lot of reliable and accredited search agencies which help you locate your missing money. These agencies are eager to help you at no cost or at a very low cost. The whole process of locating the missing money should not take more than a week.