Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Monday, August 31, 2015

Americans Might Have Unclaimed Assets That They Don’t Know About

Unclaimed moneyThere are many people who might have unclaimed money that they do not even know about.  State governments are currently holding around $41.7 billion in unclaimed assets.  According to a collective of state officials called the National Association of Unclaimed Property Administrators the unclaimed property that States are currently holding can include things like stock splits, life insurance payouts, gift cards, and payroll checks that have not been cashed.  There are many people who assume that they do not have any property to claim.  People often lose contact when they move or if there is property scattered about in many different locations around the country.  This article offers tips on how people can better keep track of their assets to know if there is any unclaimed property to collect.

See Kelli B. Grant, Unclaimed assets: Are you missing money?, USA Today, August 29, 2015.

https://lawprofessors.typepad.com/trusts_estates_prof/2015/08/americans-might-have-unclaimed-assets-that-they-dont-know-about.html

Current Affairs, Estate Planning - Generally | Permalink

Comments

Post a comment