Given below are some tips to help you claim unclaimed money owed to you easily
By: Nicole Anderson | Posted: 08th October 2007
It is important to keep in mind that merely locating the unclaimed money owed to you is not the solution. One has to claim the money as well. If the formalities are not completed properly, additional documents will be demanded and this will delay the whole process. Why should your money remain outside your hands any longer? Read ahead for tips on claiming the unclaimed money.
Once you have searched for and have located theunclaimed money, you have to claim the same. The process of claiming unclaimed money is pretty simple. However, delay in completion of formalities can be a very big problem. Hence, do not dawdle once you have found the money. Follow the procedure and claim the money as soon as possible. The procedure is not the same in all the states. However, the basic procedure is almost the same.
Every agency holding the unclaimed money will have a form in which the claim has to be submitted.Good databases will provide your claim forms and information.So choose a good database in the beginning itself. It is imperative that you send complete forms to the agencies.
The claim will have to be backed by proof of identity. You will have to submit your Driver’s License, Identification Card, birth certificate or social security card to prove your identity to the agency. Only then will the funds be released. It is important to ensure that the funds are clean, legible and readable.
There are many individuals who have a common name. There must be millions of "Mr. John Smith" in America. In such a scenario, it is not surprising that the person reviewing the claim is skeptical of the claim. Try to think like the person reviewing your claim. Prove that you own the unclaimed cash. Provide proof that you lived at the address associated with the account in question. Prove that you were personally associated with the money before it became unclaimed money.
It is necessary to show that you are the executor or heir or power of attorney of the deceased if you are claiming an inheritance that has becomeunclaimed money.Submitting these documents early will ensure that the veracity of the claim is not questioned later.
Ensure that you have a copy of each and every form and document that you submit with your claim. Retaining a copy in your hand can be very useful for two reasons. One- it will be useful when queries are raised at a later stage. Two- it will be useful to resubmit documents if your original submission is lost in transit.
Do not relax on your claim until you receive your check. Do keep following up. Keep in touch with the agency to inform them that you are expecting the money soon. Agencies take anything between two to sixteen weeks to process the claims. Some offer updates on telephone or the World Wide Web. Whatever you do, do not become lethargic after filing the claim.
You will discover that claiming the lost funds is not as difficult as you imagined it to be. Just follow the tips mentioned above.CLAIM YOUR UNCLAIMED MONEY NOW!
About the Author
Occupation: VP Media Relations
Nicole Anderson offers more information about unclaimed money at www.cashunclaimed.com. Would you like to receive your lost funds check without searching 100+ individual databases? A simple unclaimed property search could mean a check in your mailbox. Click on www.cashunclaimed.com for a free money search, that includes all state and federal databases, and locate your missing money today!
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Tags: databases, john smith, heir, social security, proof of identity, social security card, formalities, executor, inheritance, power of attorney, birth certificate, unclaimed money, legible