The state of Minnesota has returned more than $ 6 million in cash and unclaimed property to people in Minnesota who forgot or did not know it was their responsibility to claim.
One in ten Americans owns money or property that they own that they had no idea of. It could be an inheritance, money from an old bank account, leftover paychecks from an old job, or whatever you can think of.
The good news is that it’s pretty easy to check and see if you’ve lost any money or property you own. The Minnesota State Department of Commerce has a website that makes it easy to find.
People lose track of their money or financial assets because of a change of address, death, or because they inherited something they didn’t know. As part of its mission to protect consumers, Commerce is committed to reuniting the people of Minnesota with the money that has disappeared.
There is another comprehensive website called MissingMoney.com, which works with Canadian states and provinces to browse their programs (similar to Minnesota’s) nationwide to, once again, help you find the right place. money and missing goods.
Money is lacking for many reasons
- Dormant bank accounts
- Uncashed checks
- Unclaimed wages
- Insurance payments or benefits
- Stocks or bonds
MissingMoney.com says: Every year, states receive lost and unclaimed money, property, or other assets, and MissingMoney.com helps them find the rightful owners. The search costs nothing, it’s FREE.
The State of Minnesota says the property is considered unclaimed if it is owned by a business or organization that has not had contact with the owner for a number of years. Businesses and organizations are required by law to review their records and attempt to contact the owner of the property when it appears to be abandoned. If the owner does not respond, the property is considered abandoned. The property is then sent to Commerce so that the Department can safeguard it and permanently attempt to return it to the legitimate owner of the heirs.
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