December 10, 2008
Find VA Lost Money - Part 1 of 2
(Part 1 of 2)
Virginia is waiting for citizens to step forward and claim their lost money. The state is currently sitting atop a heap of VA unclaimed cash totaling in the tens of millions of dollars. More than twenty-seven million dollars was returned to Virginians in 2005 alone, and that's only a fraction of what's yet to be claimed.
VA, like every other state, continues to take in more unclaimed cash than it returns to citizens, primarily due to the fact that the majority of people simply are unaware of these funds, and the few that are aware, don't know the proper way to track them down. There is a right way and a wrong way to search, and sadly most people have not learned the right way.
According to the Unclaimed Property Div of the VA Dept. of the Treasury, VA unclaimed property comes from a number of different sources, which include (but are certainly not limited to): savings and checking accounts, underlying shares, wages or commissions, credit balances, dividends, customer deposits, credit memos, gift certificates, refunds.
A person doesn't need to currently reside in VA to be owed unclaimed money, especially sense the majority of accounts must be abandoned for 1 to 3 years before they are handed over to the state, and laws governing other types do not require that they be handed over for seven, ten, even fifteen years! Moving out of state doesn't mean that you've given up your rights to the money at all.
On top of people who've left the state, some people may have never even lived in Virginia. For example, some people are employed by companies that have their headquarters in VA. Beyond that, insurance companies are quite often based outside of the home state of the insurance policy holder. For these reasons (among others), things like refunds, premium overpayments, and stocks might exist as unclaimed cash in VA, even if the true rightful owner has never even visited the state!
People who reside in VA should also search the records of other states where there's a chance they are owed money, for the same reasons that people who don't live in VA should search the state's listings.
(to be continued)
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in our view: Keep an eye on your money - Daily Herald
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in our view: Keep an eye on your money
Daily Herald, UT - Nationally, there's almost $33 billion in unclaimed money from old payroll checks, utility refunds, trust distributions, stocks, banking or checking … |
Tour of 72 counties returns millions in assets - Superior Telegram
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Tour of 72 counties returns millions in assets
Superior Telegram, MN - Under Wisconsin law, after one to five years of inactivity Wisconsin businesses are mandated to turn all unclaimed money, stock and safe deposit boxes to … |
Dewan Negara: Unclaimed money to rise to RM95m (The New Straits Times)
THE total amount of money in the Unclaimed Money Registry is expected to go up to RM95 million this year.
Unclaimed Money To Rise To RM95 Million This Year - Bernama
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Unclaimed Money To Rise To RM95 Million This Year
Bernama, Malaysia - KUALA LUMPUR, Dec 4 (Bernama) — The amount of unclaimed money under the Unclaimed Money Registry is expected to go up to RM95 million this year, … |










