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Selasa, 22 Januari 2019

How To Reclaim Found Money

By Frank Cole


The thrill that comes with finding lost cash is unrivaled. This is particularly when you do not remember losing it in the first place. Now that you have found unclaimed cash; congratulations are in order. You may be feeling richer already. While you are likely to feel great at the moment for finding missing cash, you should still take the necessary steps to reclaim found money.

Each state oftentimes has different criteria for claiming unclaimed monies in your name. In that regard, there is no single solution that fits all situations. That notwithstanding, the first step to take in reclaiming your cash is visiting the relevant website. If you do not know where to begin, the National Association of Unclaimed Property Administrators has a website with links to most state sites where you can claim your cash.

Identity verification is the next important step in reclaiming your uncollected monies, once you have established the appropriate online site. This will vary according to the state, but some of the basic documents include a copy of the social security card or proof of your social security number. It is important that you do not leave out a state-issued ID, such as your driving license.

Besides the documents above, you may still be required by your state to verify the address to the property you are claiming. For the most part, people use a utility bill. However, your current address is a requirement in most states. In other words, the state will need that you prove full identity and address for them to confirm that you are the genuine recipient to the unclaimed cash.

Once you have checked the relevant site and have prepared all the documents they need, the next stage is where most people enjoy. You can now file your claim in order to have the lost cash transferred to your account. But before you do that, a good rule of thumb is to carefully go through the claim instructions on the website. You may want to make sure your state allows electronic submission of documents.

Once you have found the missing cash and submitted your documents either through snail mail or online, you can now wait for the check to arrive. This, unfortunately, varies widely according to the state. Some states only take two weeks from the time you filed the claim, while others may take more than six months. In some cases, you may not know the amount you will get until the check arrives.

Do not leave any stone unturned when checking whether you are a beneficiary to any unclaimed cash. As such, it is recommended not to limit the search with the site of NAUPA. Use other online resources and check with all the states to which you have been a resident in the past to ensure you are missing out on any chance.

Make your search wider by including other names. Many potential beneficiaries of monies owed to parents are unaware of it because they only search their name. Additionally, the Internal Revenue Service is another place where your money could be hiding as unclaimed tax refunds.




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