There are many reasons you might have unclaimed funds (abandoned accounts, uncashed checks, misspelled names, incorrect addresses, misplaced inheritance and trusts, etc), and your state is required to hold your property until you claim it.

They will not seek you out, and most people are completely unaware they may have lost funds or property being held by the state.

Every state has an official (.gov) website where you can check whether you have unclaimed property and submit a claim. Just search ‘[my state] unclaimed property’.

e: make sure you go to the official state website; I just noticed some state search top results aren’t the official (.gov) website.

e2: also, check every state you’ve lived in. Moving state is one of the major reasons this happens, and your unclaimed funds will not move to a new state with you.

e3: if you find unclaimed funds, please comment! I’m fascinated to know, no matter how large or small.

  • icedcoffee@lemm.ee
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    3 days ago

    The legal term for this is escheat. Good recommendation is to check the escheat site for every state you’ve lived in once a year on your birthday.

    1. I only ever had $30 in escheat (unclaimed funds). Moved states and my old electric company didn’t forward a refund for part of last month.

    2. If you have any investment accounts check them regularly. Heard a crazy story on the news about a guy who hasn’t checked his brokerage account or read any statements in so long that his home state claimed the assets and liquidated them. Lost out on years of gains. Link here