Missing Money.com – Find Your Missing Money?
MissingMoney.com
I am a fan of finding missing money!
I am not a fan of MissingMoney.com
Why?
They do not support all states, and they clearly do not show all claims that are possible to find even for those whicgh are listed. It says so right in their FAQ!
For those who do not like to read the small print, go directly to the source holding your missing money to ensure you find every stinkin’ possible claim for you and your family. Finding missing money owed to you is not rocket science, but you must be sure to search the correct sites or you may be leaving missing money on the table, or worse, get caught up in a website out to take your money rather than help you find it.
For an official listing of all 50 states missing money websites, see MissingMoney.Tv
If you are taken from the official website to MissingMoney.com, you are advised to CALL or WRITE the unclaimed money office of your state and ask if they have money being held in your name. For those states which redirect you to missingmoney.com, by all means search the site, but also call the missing money office to ensure they have searched all possible cliaims.
Resource Link: Missing Money FAQ
MISSINGMONEY SEARCH
Georgia Unclaimed Money
Hundreds of Millions of Dollars in Georgia Unclaimed Money
Hundreds of Millions of Dollars in Georgia Unclaimed Money
By Russ D Johnson
A recent report by the Chattanooga Times announced that millions of dollars in Georgia lottery winnings go unclaimed in Georgia and Tennessee. Lottery officials say this is mostly due to people that buy lottery tickets while passing-through and either forget to check if they’ve won or not.
According to another news report though, a larger amount of Georgia unclaimed money is in the hands of the state’s Treasury Department. Hundreds of millions of dollars in forgotten funds are held by the state government and most Georgians are unaware of its existence. Catherine Westbrook, an elderly resident of the state was very aware though and became frustrated when she tried getting a $1200 check from an old life-insurance policy. “When I didn’t get it for two or three weeks, then I called and they would say, ‘No, the check wasn’t written, hasn’t been written’ — that’s all they would tell me.” said Westbrook who adds after getting the check 5 months after: “I don’t know why they take so long to write a check.”
Georgia’s Unclaimed Property Law or escheat law which originates from feudal laws in England require abandoned and forgotten assets such as bank accounts, income tax refunds, uncashed checks, uncollected wages, insurance premium overpayments, gift certificates, cash dividends on stocks and mineral deposits, and others to be turned-over to the hands of the state after a specified ‘dormancy period’. This period for Georgia is 5 years and less for other financial assets. “Dormant funds are remitted to the State of Georgia. Demand deposit accounts are deemed to be dormant after 12 months and time and savings accounts are deemed to be dormant after a period of five years without activity”, according to an official statement from Georgia’s State Treasury. In a press release from the Georgia Department of Revenue’s Unclaimed Property Unit, “The time that must elapse for property to be determined “abandoned” and turned over to the state varies depending on the type of property. For example, unclaimed wages and company liquidation proceeds must be turned over to the state after one year. The vast majority of unclaimed property must be turned over to the state five years after the last contact with the rightful owner. Time frames for other types of property are: safe deposit box contents must be forwarded to the state two years after the box was opened by the holding financial institution; money orders seven years after the issue date; and traveler’s checks 15 years from the issue date.”
The Georgia Revenue Commissioner has since tried to make some improvements with regards to the state department that handles missing money in Georgia, like replacing an old automated call center system with operators who can check the status of claims immediately. According to Tim Shields, a manager with the revenue department, “From the time the claim form comes in the door, if we have everything we need, within 8 to 10 weeks, that person’s going to receive a check,”.
Greg Daugherty, Executive Editor of Consumer Reports, said “When I entered my own information, I didn’t find anything belonging to me, but I did find some money belonging to a great aunt of mine who has since died, and would have left it to me.” Greg isn’t alone, which is why enlisting the help of an unclaimed money expert is of the utmost importance.
Unclaimed money and property expert Russ Johnson has been assisting Americans in finding their unclaimed money online since 1997. His site, http://www.unclaimedmoney.net, is updated regularly and offers guaranteed official searches for Georgia unclaimed money and missing money across the country.
Article Source: http://EzineArticles.com/?expert=Russ_D_Johnson
http://EzineArticles.com/?Hundreds-of-Millions-of-Dollars-in-Georgia-Unclaimed-Money&id=893445

