(Part 2 of 2)

A person doesn't need to currently live in VA to be owed unclaimed property, particularly sense most accounts must lie dormant for 1 to 3 years before they're turned over to the state, and laws governing other types do not require that they be turned over for 7, 10, even 15 years! Moving out of state does not mean you've given up your rights to the money at all.

On top of people who have moved out of state, others may have never even lived in The Commonwealth of Virginia. For example, some folks are employed by companies that have their headquarters in VA. Beyond that, insurance companies are quite often located outside of the home state of the insurance policy holder. For these reasons, items 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 live in VA should also search in other states where there might be a chance they're owed money, for the same reasons that people who do not live in VA should search the state's listings.

There are a number of different roadblocks that often prevent people from locating their forgotten funds, but most of them boil down to being uninformed about the best way to search. Most people not only get in their own way by searching only one state, usually their home state, but they also tend to search once and end never search again.

As was mentioned earlier, each type of VA unclaimed property, and unclaimed property in each of the other 49 states, have their own unique "dormancy periods" (amount of time that must go by before the funds are turned over to the state to hold the rightful owner claims them). In addition to many property types having longer dormancy periods, states do not update their searchable records in real time, which means if the state is holding your properties, you might not find a record when searching, if they have not added it to their online records.

If a person searches their name on Monday, but the VA Department of Unclaimed Money didn't get around to adding the record of their properties until Tuesday, or the following week or month, the search might come up empty.

These are just a few of the issues that often stand in the way of people attempting to locate VA unclaimed funds for the first time, which is why it is imperative that you find an expert in the missing money field to help you through the process to locate all potential claims.

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This week, I'm answering questions from readers, because there's an