January 15, 2012
Find Unclaimed Property in Virginia – Part 1 of 2
(Part 1 of 2)
The state of Virginia is waiting for residents to step up and reclaim their forgotten funds. The state currently sits atop a pile of Virginia unclaimed money totaling in the tens of millions of dollars. Over twenty-seven million dollars was returned to residents of Virginia in 2005 alone, but that's only a small slice of what is yet to be claimed.
VA, like every other state, continually takes in more unclaimed money than it returns, primarily due to the fact that the majority of people are simply unaware of these monies, and the few that are aware, usually don't know the right way to locate them. There is a correct way and an incorrect way to search, and sadly most people haven't learned the proper way.
According to the Unclaimed Property Division of the Virginia Treasury Department, Virginia unclaimed money arrives from a number of 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.
People don't have to currently live in Virginia to be owed unclaimed funds, especially sense the majority of accounts must lie dormant for 1 to 3 years before they are turned over to the state, and the laws dealing with other types don't require that they be turned over for 7, 10, even 15 years! Leaving the state does not mean you've given up your rights to the money by any means.
On top of people who have left the state, some people may not have ever even lived in The state of Virginia. For example, some folks are employed by companies that have their headquarters in Virginia. Beyond that, insurance companies are quite often based outside of the home state of the insured person. For these reasons, things like stocks, premium overpayments, and refunds might exist as unclaimed cash in Virginia, even if the true rightful owner has never even set foot in the state!
People who reside in Virginia should also search the records of other states where there is a chance they are due a claim, for the same reasons that people who do not live in Virginia should search the state's database.
(to be continued)
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Ohio getting more
COLUMBUS, Ohio (WTW) — Officials say a state agency celebrating its 30th anniversary has reunited Ohioans with about $830 million they didn't realize was out there. The Division of
Find your unclaimed money
Take 5 minutes to do a quick online check for funds you might have lost track of.
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