Sunday, 10 February 2019

How To Reclaim Found Money

By Frank Cole


Nothing rivals the thrill of discovering that you have some unclaimed cash in your name. Although it is normal to feel thrilled after you find lost cash, the rule of thumb is to take the required steps to ensure that the cash is reclaimed from the federal government or state to your account. Consider reading on and discover useful insights into how 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.

Now that you know the exact website from where you can claim for unclaimed cash in your name, the next step is getting ready to verify your identity. In other words, you will need to get your documents ready for this process. Usually, different states have different requirements for claiming this cash. However, essential documents may include your ID, which was issued by the state and IRS form.

Furthermore, the majority of states will still need you to prove the address related to the property to which you are placing your claim. Utility bills are the easiest form of proof to provide. You should also prove your current address. In essence, your state wants to know your full identity plus address to confirm that you are the legitimate owner of the missing cash.

When you have gone to the appropriate site and have all your documents in order, it is now time for the fun part. You should now think of filing your claim so that the missing cash gets in your hands. First off, it is recommended that you take time to read the claim instructions on your state website. Some of the states do not allow documents to be submitted electronically.

After you find where the missing cash is and successfully submit your documentation, it is now time to patiently wait for your check. How long this will take, again varies greatly with your state. Some states are known to expedited processes that take only two weeks from the when you filed the claim. Others can make you wait for six months, without knowledge of how much you will get.

One of the reasons why most people do not know whether they have unclaimed cash is they only check for it with NAUPA. There are many other sites that could have links to your state. In addition, check the sites of all the states you may have lived in the past just to be sure.

You can always search for other names apart from yours. Some are intrigued to find that they are benefactors to cash that was owed to their parents. Furthermore, do not limit your search to state treasuries. Consider checking the Internal Revenue Service for tax refunds.




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