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Category: Articles » Finance » Personal Finance » Article » Article Code

What is Unclaimed Inheritance? Am I owed Any?

Are you aware there is over $35 BILLION in unclaimed money in the United States and some of it is unclaimed inheritance. This article will tell you what unclaimed inheritance is and how to find out if you have inheritance that is owed to you! Inheritance can become an unclaimed asset when there is a death and the heirs cannot be located. If a person dies and you are the heir entitled to some or all of their estate and the institution holding the money does not know how to contact you or that you are the ... read more

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Inheritance can become an unclaimed asset when there is a death and the heirs cannot be located.

If a person dies and you are the heir entitled to some or all of their estate and the institution holding the money does not know how to contact you or that you are the entitled heir the money becomes unclaimed money.

Unclaimed inheritance can include:

Bank accounts
 
Savings Accounts
 
Life Insurance Payments
 
Safety Deposit Boxes
 
Social Security checks
 
Old Pay Checks
 
Stocks, Bonds and Dividends 
 
…the list goes on and on….

If the institution holding they cannot reach you through the contact information available on the account they hold the money for 2-3 years in most states. After that time the money is turned over to the state where the institution is or the state where the last known address is. Some accounts are turned over to the federal government.

This money sits in the state or federal unclaimed money pools until the rightful owner claims it. The problem is the account owners of unclaimed inheritance accounts usually don't know the money even exists so the money just sits and sits and sits…

The unclaimed money pool in the US has grown to a staggering $35 BILLION owed to millions of Americans.

You can find this money by searching for it.

The best way to search for unclaimed inheritance is to search an "all in one" database. Since it is an inheritance searching your state of residence is not enough. You need to search a database that covers all 50 states and the federal databases, such as www.cashunclaimed.com.

Now that you know what unclaimed inheritance is you can search to see if you or your family are entitled to any of the $35 Billion in unclaimed money waiting to be claimed!

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