There Are So Many Myths That People Believe About Unclaimed Money

I can't actually believe that I saw someone post saying that the government doesn't have to give people their unclaimed money. This is absolutely not true!

I think back to all of those government-related shows that I watch on TV and they talk about how our government is supposed to be "for the people by the people". Now I know a lot of you would probably strongly disagree with this but lets at least try to get our facts straight!

Unclaimed money is classified as money that hasn't been claimed. It could be almost anything from long forgotten bank accounts to tax refunds, etc et all. The government has an obligation to find the owner of this unclaimed money. If the owner is deceased then the money would go to their heirs or next of kin. The government must make "resonable" efforts to find the owner. If the owner can't be found at a specific time frame only then will that money go back to the government.

Are You Due A Refund?

If you pay property taxes in the San Diego area there may be the possibility that you overpaid your property taxes! In that case you are due a refund!

According to the county there have been a number of people that have overpaid their property taxes and they are due a refund! The county has to make efforts to contact the people who are due the refund. If the money is not claimed in 4 years than it can go back to the county!

According to their records the largest amount of refund due to an individual is over $5,000!

Unclaimed Money?

Unclaimed Money? - You May Be Luckier Than You Think!

Have you ever heard of "unclaimed" money? well it is a fact that such a thing exists! In my state of Pennsylvania alone there is more than $300 Million Dollars! that has been classified as unclaimed money! Examples of unclaimed money include bank accounts that have gone unaccounted for, checks that haven't been cashed and insurance benefits that have also not been claimed. This category also includes property(s) that have been left in safety deposit boxes! Here are some examples from Pennsylvania.

• Cook, A - (city unknown), Pennsylvania
  
  
• Cook, P or J - Norristown, PA
  
  
• Edge~ Corporation - Elkins Park, PA
  
  
• Gibbs, J. - Phila, PA
  
  
• Kinkos
  
  
• Nelson, E - Phila, PA
  
  
• Nelson, M. A. & Mrs - Folsom, PA
  
  
• Schmitt, D - Effort, PA
  
  
• W~ Baking Company - NY, NY
  
  
• W~ Dental Lab - Windber, PA

There is no time limit on claiming this property.