How To Find Lost Money: Claiming Your Unclaimed Property

Financial Advisors Say The Darndest Things

With billions of dollars sitting unclaimed in state treasuries, you could be missing out on money that rightfully belongs to you. On this episode, I break down the process of finding and claiming this money and offering practical steps to ensure you're not leaving any of your financial assets behind. Tune in to learn how to secure your financial future and recover what’s yours.

Key Takeaways:

1. Understanding Unclaimed Property: Unclaimed property refers to money or assets owed to you by businesses, financial institutions, or the government that you haven't collected. This can include forgotten bank accounts, uncashed checks, or insurance refunds. Knowing how to search for and claim this property can significantly enhance your financial well-being.
2. State-Specific Searches: Each state in the U.S. has its own unclaimed property website. If you've lived in multiple states, it's crucial to check each one. Be wary of scams; always look for official government websites with ".gov" extensions to ensure you're accessing legitimate information.
3. Simple Claiming Process: Claiming your unclaimed property is straightforward. Start by searching your state's unclaimed property website, entering your personal information, and following the verification steps. Documentation to prove your identity and address will be required, but the process is generally quick and user-friendly.
4. Regular Checks Are Beneficial: Regularly checking for unclaimed property can be beneficial. Even small amounts like refunds from misspelled names or incorrect addresses can add up. Jimmy recommends making this a yearly habit to ensure you’re not missing out on any potential funds.
5. Financial Planning Importance: Incorporating unclaimed property searches into your financial planning can reveal overlooked assets and prevent future losses. By understanding and managing your finances thoroughly, you can maximize your financial health and ensure you're not leaving money on the table.

Quotes:

1. "If a business, financial institution, or government owes you money that you did not collect, this is considered unclaimed money or property."
2. "Each state has different URLs, but it should contain the state name or abbreviation with the extension G O V."
3. "To claim your property is very simple. You enter your contact information like your name, address, birthday, social security number, and verify that it is actually you."

For more detailed instructions and step-by-step guidance, visit our blog at:

Claim Your Unclaimed Property: How To Find Your Money

Make sure to share this episode with friends and family to help them reclaim their unclaimed property too!

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.