Wednesday, January 23, 2019

How To Reclaim Found Money In Your Name

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.

When it comes to asking for unclaimed cash in your name, the process often varies by state. This means that you should not be looking for a one size fits all solution to get your cash. Nonetheless, the initial step to claiming your unclaimed cash is to visit the appropriate website. Consider visiting the website of the National Association of Unclaimed Property Administrators. You will get links to respective state sites.

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.

In addition, most of the states will require you to produce evidence of the address that is linked with the property you are claiming. This can be in the form of utility bills. You should also carry proof of your present address. The documents are crucial in helping verify your name and address. This is to ascertain that you are the rightful recipient of the missing cash.

With the right website and documents in order, filing the claim is the next part. This is probably the most thrilling part of all. To make sure that you are not carried away in excitement, consider reading the claim instructions carefully, so you do not miss out on any detail. When submitting the documents, for instance, some states do not recognize any electronic submissions. Others allow it if you meet specified conditions.

The moment you locate the unclaimed cash and have sent in the documents online or through the mail, the only option is to wait for the check. This waiting process usually varies among different states. Some of the states are quite fast and will send your checks within two weeks of filing your claim. Others, however, can take as long as six months, and in some cases, you may not know how much to expect.

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.

An important tip to consider is to search for any other names besides yours. Many people are surprised to find cash owed to their parents. Apart from state treasuries, you may also have unclaimed cash with the Internal Revenue Service in the form of tax refunds.




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