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Everyone likes to be organized and in our day to day lives most people are.
Are your everyday documents well organized?
Because if they are not, it could cost you and your family a lot of money.
Every year, thousands of businesses across the country find themselves in possession of money and property that has been lost or forgotten by the original owner. Abandoned savings accounts, trust distributions, payroll checks, insurance payments, royalty payments and numerous other types of valuable assets are turned over to state treasuries as unclaimed property. This happens if the holder is unable to locate or contact the owner after a period of inactivity of 3 to 15 years, depending on state law.
in state treasuries and US treasury have gone unclaimed
If you believe you are entitled to collect unclaimed money from old bank accounts or safe deposit boxes, www.unclaimed.org may be of assistance.
could not be located by former employers or the US Pension Benefit Guaranty
Corporation, with over $300 million in unclaimed benefits.
This does not include unclaimed contributions to 401(k) plans. Which is one of the largest sources of unclaimed property, forgotten by employees after they leave their job.
have unclaimed federal income tax refunds in the amount of $1.5 billion from 2016 alone.
(or $1.50 depending on the value of Bitcoins) lost bitcoin investments
Of the existing 18.5 million Bitcoin, around 20 percent — currently worth around $140 billion — appear to be in lost or otherwise stranded wallets, according to the cryptocurrency data firm Chainalysis. Wallet Recovery Services, a business that helps find lost digital keys, said it had received 70 requests a day from people who wanted help recovering their riches, three times the number of a month ago.
Jan. 13, 2021 NY Times
unclaimed in New York State
According to the New York State Comptroller, the state is currently holding $13 billion in unclaimed funds. According to the comptroller, the single largest account ever paid was worth $4 million, and the largest unclaimed amount currently on the books is worth $1.7 million—almost enough to buy a two bedroom apartment in Manhattan.
unclaimed in Massachusetts
In September 2020, the Massachusetts Treasurer announced that 54,000 properties had been added to the state’s unclaimed property fund, bringing the fund’s total value to $2.4 billion. That total is fourth highest in the country, despite extensive efforts to return unclaimed property over the past few years which returned a record $112 million to owners in fiscal year 2014.