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Guide to Unclaimed Funds
New York State Unclaimed Funds Total More Than $8 Billion
Sometimes we get so busy in our lives looking for that 'something'that will make it all worthwhile. We get so engrossed in our day-to-daytasks that most of us don't notice that what we're looking for is rightthere under our noses. No, I'm not trying to be the Dalai Lama or Dr.Phil talking about divine peace or everlasting love. What I'm talking about, though less spiritual, is nevertheless significant in our life and will most probably catch your attention as much as anything areligious leader or a cultural icon will say.
I'm talking about money. $8 billion in New York unclaimed money and property, to be precise, just waiting to be reunited with thousands of their owners who are most likely busy trying to make money, ironically. According to State Comptroller for New York, Thomas P. DiNapoli, "We want to return unclaimed funds to their rightful owners. The money belongs to New Yorkers. We want to give it back."
There is are statutes across the country called Unclaimed Property Laws or escheat laws that require businesses and financial entities to hand-over lost and abandoned financial assets like uncashed checks, forgotten bank accounts, unused gift certificates or cards, uncollected salaries, unredeemed insurance policies, stock dividends, safe-deposit bank contents and other funds to each individual State Treasury Departments after a specific 'idle' time called the 'dormancy period'. This period varies depending on the state. In New York though, it's either 2 or 5 years depending on the type of asset. The size of the New York unclaimed money pile is one of the biggest in the country- even bigger than California's $5 billion. The money goes into the state's Unclaimed Property Fund where it stays until the rightful owner comes to claim it.
When people change their address, get new jobs, or marry and change their last names, they sometimes forget to leave a notice for the financial institutions like the IRS or their banks. Undelivered mail results and the tax refund checks or finance notices then don't reach their intended recipient and are sent back to sender. The more hectic a person's career is therefore, the more likely it is that he'll lose track of his financial assets. With the notorious hustle and bustle of New York, it's not surprising it is home to so much unclaimed money and property.
"More people have unclaimed funds than they think," says the seniormanager for financial consulting juggernaut KPMG's Allison Iavarone in a recent report on missing money by New York's The Daily News.Surprisingly, Madonna, the Yankees, the Mets, Justin Timberlake, P.Diddy, Michael Bloomberg, Billy Joel, and Bob Dylan have all turned-up on a list of New York State unclaimed property owners.
Everyoneshould search for lost assets especially if they have a lot of relativesor if they've had a busy professional life. Valerie Jundt, a seniormanager at tax consulting firm Deloitte & Touche advised, "Youshould check the state where you've lived and last resided."
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 NewYork unclaimed money and missing money across the country.
unclaimed funds in new york - how to find unclaimed money, property, funds and assets
New York Unclaimed Funds California State Controller John Chiang's office has staff dedicated to working with other government agencies to return their funds.
Includes searchable unclaimed funds database, audits of state agencies in PDF format, and press releases on current issues facing New York State.
New York State Unclaimed Funds Total More Than $8 Billion. Sometimes we get so busy in our lives looking for that 'something'that will make it all worthwhile.
New York Unclaimed Money: How To Find (Free Missing Money, Unclaimed Property & Funds) eBook: Russ Johnson: Amazon.it: Kindle Store
The New York unclaimed funds are used by that state's General Funds, meaning this money is used for general services to New York's residents. The unclaimed funds
Search for New York Unclaimed Money. Start your search for unclaimed money in New York by entering the first and last name that you would like to search for in the ...
States all across the United States are holding onto billions of dollars in unclaimed money a nd New York is one of the states with the most unclaimed money in its ...
Information on Unclaimed Property for the State of New Jersey
Unclaimed Funds New York
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