Missouri Unclaimed Money

Tracking Down MO Unclaimed Assets – Part 1 of 2

admin — Thu, 17 May 2012 06:05:05 +0000

(Part 1 of 2)

According to MO State Treasurer, Missouri unclaimed money recently grew to the huge sum of $400 million. This pile of cash will almost certainly get larger, because like in most states, MO takes in more unclaimed property every year than they return to residents. Among the variety of reasons why these funds continue to go unclaimed, is the fact that the majority of people are not aware of unclaimed property, and those that are aware don't know the right way to track down these properties.

As we see MO unclaimed property numbers approaching a half of $1 billion, perhaps the "Show Me State" ought to change its name to the "Show Me The Money State". So where does all that cash come from? There are quite a number of different sources for unclaimed property, but some of the most common are abandoned bank accounts, safe deposit boxes, checks that have not been cashed, certificates of deposit, forgotten stocks, and life insurance policies.

While there is not a time limit on claiming missing money, MO will only guarantee that they'll hold items from safe deposit boxes for 1 year (though they do sometimes hold on to them for longer). According to the MO State Treasury web site, this is how they deal with these items: "Although State Treasurer Steelman would like to keep the contents of safe deposit boxes until an owner or heir is identified, the unclaimed property vault used to store non-monetary items of value (jewelry, coins, etc.) reaches capacity every couple of years. When the vault is full, the Unclaimed Property Division hosts an auction, and the proceeds generated from the sale of items from safe deposit boxes is recorded in the name of the safe deposit box owner. If owners or heirs are identified, they receive the entire proceeds from the sale of the items."

(to be continued)

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Track Down Unclaimed Money in MO – Part 2 of 2

admin — Sun, 13 May 2012 11:05:05 +0000

(Part 2 of 2)

Quite a number of myths abound about unclaimed money. The most common is that performing just one internet search on any random web site constitutes a thorough search. The problem is that the majority of these "official" searches, are anything but, and their info is often not current if not completely false, and only there as a sales hook. One of the other most common myths is the idea that the state's records are up to date and accurate.

There is not a single law that mandates when the states, including Missouri, must update their unclaimed money records. For this reason, one of the best things people can do is search regularly. If your cash has only been classified "unclaimed" recently, it likely won't appear in Missouri's database until it is first been passed along by the account holder, and then whenever the state treasurer's dept. adds the record.

To get educated about these unclaimed money search obstacles, and a number of others, and it is important to seek out expert advice in your search for lost assets, to be sure that you claim all possible cash belongs to you.

–

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Track Down Unclaimed Money in MO – Part 1 of 2

admin — Wed, 09 May 2012 21:05:07 +0000

(Part 1 of 2)

According to Sarah Steelman, Missouri unclaimed money has grown to the giant amount of 400 million dollars. This mountain of cash is likely to grow, because like in most other states, Missouri takes in more unclaimed money every year than is returned to residents. Among the varied reasons why these assets remain unclaimed, is the fact that most residents are unaware of unclaimed money, and the few that are aware do not know the correct way to track down these properties.

With Missouri unclaimed money numbers nearing a half of a billion dollars, the "Show Me State" ought to change its name to the "Show Me The Money State". So where does all that cash come from? There are many dozens of different types of sources for unclaimed money, a few of the most common are safe deposit boxes, certificates of deposit, abandoned bank accounts, life insurance policies, forgotten stocks, and checks that have not been cashed.

Despite the fact that there isn't a time limit on claiming missing money, Missouri will only guarantee that they'll hold items from safe deposit boxes for one year (though they do occassionally hold on to them for longer). According to the Missouri State Treasury web site, this is how they handle these assets: "Although State Treasurer Steelman would like to keep the contents of safe deposit boxes until an owner or heir is identified, the unclaimed property vault used to store non-monetary items of value (jewelry, coins, etc.) reaches capacity every couple of years. When the vault is full, the Unclaimed Property Division hosts an auction, and the proceeds generated from the sale of items from safe deposit boxes is recorded in the name of the safe deposit box owner. If owners or heirs are identified, they receive the entire proceeds from the sale of the items."

Obviously for those citizens who use (or have used) a safe deposit box, it is very important to quickly get your search started if your items hold some sentimental value to them, but worst case scenario is that you'll get the proceeds if your items sell. Luckily for the majority of us, most of the money does not come from unclaimed property auctions.

Whether you are a current or former Missouri resident, or in some cases, have not ever resided in Missouri at all, the odds that lost money is belongs to you, are are great. Of course the awesome part about cash from unclaimed money is the fact that the cash already belongs to people. This means that there are no game playing or risk taking involved. The only thing keeping missing money from turning in to found cash, for most residents, is their knowledge about how and where to search.

(to be continued)

–

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Track Down Missouri Unclaimed Cash – Part 2 of 2

admin — Sun, 06 May 2012 11:05:04 +0000

(Part 2 of 2)

Whether you are a current or former Missouri resident, or in some cases, have never lived in Missouri at all, the odds that lost money is belongs to you, are are great. And the awesome part about money derived from unclaimed funds is the fact that the money already belongs to people. This means there are no games or gambling involved. The only thing keeping missing money from turning in to found money, for most residents, is their knowledge about where to search, and how to search.

Quite a number of myths abound about unclaimed funds. The most common of which is that performing just one simple internet search on any old web site constitutes a complete search. Sadly most of these "official" searches, are not official at all, and their data is often very out of date if not completely false, and only there as a sales hook. The other myth is the idea that the state's databases are up to date and accurate.

There is not a single law that mandates when the states, including Missouri, has to update their unclaimed funds databases. For this reason, the best thing you can do is search often. If your money has only been classified abandoned recently, it likely won't show up in Missouri's database until it is first been handed over by the account holder, and then whenever the state treasurer's department adds the record.

To learn more about these unclaimed funds search obstacles, and many more, and it's important to seek expert advice in your quest for lost assets, to make sure that you reclaim all possible money belongs to you.

–

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Track Down Missouri Unclaimed Cash – Part 1 of 2

admin — Thu, 03 May 2012 01:05:07 +0000

(Part 1 of 2)

According to State Treasurer Sarah Steelman, Missouri unclaimed money has grown to the giant amount of 400 million dollars. This pile of cash will almost certainly get larger, because like in most states, Missouri takes in more unclaimed funds every year than they return to the citizens. Among the varied reasons why these assets remain unclaimed, is the fact that most people are unaware of unclaimed funds, and those that are do not know the right way to track down these properties.

As we watch Missouri unclaimed funds rolls nearing a half of $1 billion, the "Show Me State" might want to change its nickname to the "Show Me The Money State". So where does all that cash come from? There are quite a number of different sources for unclaimed funds, a few of the most common are safe deposit boxes, abandoned bank accounts, certificates of deposit, checks that have not been cashed, life insurance policies, and forgotten stocks.

Despite the fact that there is not a time limit on claiming missing money, Missouri only guarantees that they'll hang on to items from safe deposit boxes for one year (but they do occassionally hold on to them for longer). According to the Missouri State Treasury web site, this is how they deal with these items: "Although State Treasurer Steelman would like to keep the contents of safe deposit boxes until an owner or heir is identified, the unclaimed property vault used to store non-monetary items of value (jewelry, coins, etc.) reaches capacity every couple of years. When the vault is full, the Unclaimed Property Division hosts an auction, and the proceeds generated from the sale of items from safe deposit boxes is recorded in the name of the safe deposit box owner. If owners or heirs are identified, they receive the entire proceeds from the sale of the items."

It is clear that for those residents who use (or have used) a safe deposit box, it is important to get started on your search quickly if the items hold some sentimental value to them, but at least you'll get the money if they sell your items. It's lucky for most of us, most of the money does not come from these auctions.

(to be continued)

–

Millions in
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Track Down Missing Money in Missouri – Part 2 of 2

admin — Sun, 29 Apr 2012 18:05:05 +0000

(Part 2 of 2)

It is clear that for those residents who use (or have used) a safe deposit box, it's important to get started on your search quickly if your items have a sentimental value to them, but worst case scenario is that you'll get the money if they sell your items. Luckily for the majority of us, most of this cash doesn't come from safe depost box item auctions.

Whether you're a former or current MO resident, or even in some cases, have not ever lived in MO at all, the odds that lost money is belongs to you, are in your favor. Of course the best part about cash from unclaimed funds is the fact that the assets already rightfully belongs to people. This means that there are no games or gambling involved. The main thing keeping missing money from becoming found money, for most residents, is the knowledge about how to search, and where to search.

Quite a number of myths abound about unclaimed funds. The most common of which is that performing a simple online search on some random web site constitutes a complete search. The problem is the majority of these so called "official" searches, are anything but, and their data is often very out of date if not completely false, and only serves as a sales hook. One of the other most common myths is that the state's databases are accurate and up to date.

There is no single law that dictates when the states, including MO, must make updates to their unclaimed funds databases. Because of this, one of the best things you can do is search often. If your assets have only been classified abandoned recently, it likely won't appear in MO's database until it's first been handed over by the account holder, and then whenever the state treasury dept. adds the record.

To learn more about these unclaimed funds search obstacles, and a number of others, and it is important to seek expert assistance in your search for forgotten funds, to ensure that you reclaim all possible money belongs to you.

–

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Track Down Missing Money in Missouri – Part 1 of 2

admin — Thu, 26 Apr 2012 08:05:05 +0000

(Part 1 of 2)

According to MO State Treasurer, Missouri unclaimed money has grown to the huge amount of $400 million. This mountain of cash will almost certainly grow, because like in most states, MO takes in more unclaimed funds annually than they return to Missourians. Among the variety of reasons why these assets continue to go unclaimed, is the fact that most people are not aware of unclaimed funds, and those that are do not know the right way to search.

As we watch MO unclaimed funds numbers nearing a half of $1 billion, perhaps the "Show Me State" ought to change its name to the "Show Me The Money State". So where does all that cash come from? There are quite a number of different types of sources for unclaimed funds, a few of the most common are abandoned bank accounts, safe deposit boxes, checks that have not been cashed, certificates of deposit, forgotten stocks, and life insurance policies.

While there is no time limit on claiming missing money, MO only promises that they'll hold items from safe deposit boxes for 1 year (but they do sometimes hold on to them for longer). According to the MO State Treasury web site, this is how they handle these assets: "Although State Treasurer Steelman would like to keep the contents of safe deposit boxes until an owner or heir is identified, the unclaimed property vault used to store non-monetary items of value (jewelry, coins, etc.) reaches capacity every couple of years. When the vault is full, the Unclaimed Property Division hosts an auction, and the proceeds generated from the sale of items from safe deposit boxes is recorded in the name of the safe deposit box owner. If owners or heirs are identified, they receive the entire proceeds from the sale of the items."

(to be continued)

–

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Track Down Lost Money in Missouri – Part 2 of 2

admin — Sun, 22 Apr 2012 09:05:07 +0000

(Part 2 of 2)

A number of myths abound about unclaimed money. The most common of which is the idea that performing a simple internet search on some random web site constitutes a full search. The problem is that the majority of these so called "official" searches, are anything but, and their info is quite often very out of date if not completely false, and only there as a sales hook. One of the other most common myths is the idea that the state's databases are up to date and accurate.

There is not a single law that mandates when each state, including Missouri, has to update their unclaimed money databases. For this reason, one of the best things people can do is search often. If your cash has only been classified "unclaimed" recently, it likely wouldn't show up in Missouri's database until it is first been handed over by the account holder, and then whenever the state treasurer's dept. adds the record.

To learn more about these unclaimed money search obstacles, and a number of others, and it is important to seek out expert advice in your quest for lost assets, to ensure that you reclaim all possible cash belongs to you.

–

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Track Down Lost Money in Missouri – Part 1 of 2

admin — Thu, 19 Apr 2012 03:05:07 +0000

(Part 1 of 2)

According to Sarah Steelman, Missouri unclaimed money has grown to the huge amount of 400 million dollars. This pile of cash is likely to grow, because as with most states, Missouri takes in more unclaimed money annually than is returned to Missourians. Among the number of reasons why these monies continue to go unclaimed, is the fact that the majority of residents aren't aware of unclaimed money, and the few that are don't know the correct way to track down these properties.

As we see Missouri unclaimed money numbers approaching a half of a billion dollars, perhaps the "Show Me State" ought to change its name to the "Show Me The Money State". So where does all that cash come from? There are quite a number of different sources for unclaimed money, a few of the most common are safe deposit boxes, certificates of deposit, abandoned bank accounts, life insurance policies, forgotten stocks, and checks that have not been cashed.

While there isn't a time limit on claiming missing money, Missouri only guarantees that they will hold items from safe deposit boxes for 1 year (but they do sometimes hold on to them for longer). According to the Missouri State Treasury web site, this is how they handle these items: "Although State Treasurer Steelman would like to keep the contents of safe deposit boxes until an owner or heir is identified, the unclaimed property vault used to store non-monetary items of value (jewelry, coins, etc.) reaches capacity every couple of years. When the vault is full, the Unclaimed Property Division hosts an auction, and the proceeds generated from the sale of items from safe deposit boxes is recorded in the name of the safe deposit box owner. If owners or heirs are identified, they receive the entire proceeds from the sale of the items."

It is clear that for those residents who use (or have used) safe deposit boxes, it is important to quickly get your search started if the items have a sentimental value to them, but at least you'll get the money if they sell your items. Luckily for most of us, most of this cash does not come from safe depost box item auctions.

Whether you're a former or current Missouri resident, or in some cases, have not ever lived in Missouri at all, the odds that lost money is belongs to you, are are great. And the great thing about cash from unclaimed money is that the cash already belongs to people. This means that there are no games or gambling involved. The only thing keeping missing cash from becoming found money, for most residents, is their knowledge about how and where to search.

(to be continued)

–

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Track Down MO Unclaimed Funds – Part 2 of 2

admin — Sun, 15 Apr 2012 07:05:04 +0000

(Part 2 of 2)

Whether you are a former or current Missouri resident, or even in some cases, have never resided in Missouri at all, the odds that lost money is belongs to you, are are great. And the great thing about money derived from unclaimed property is the fact that the cash already rightfully belongs to people. This means that there are no game playing or gambling involved. The only thing keeping missing money from becoming found money, for most people, is the knowledge about where to search, and how to search.

Quite a number of myths abound about unclaimed property. The most common of which is that performing just one simple internet search on any random website is doing a thorough search. Sadly the majority of these so called "official" searches, are anything but, and their data is quite often not current if not completely false, and only serves as a sales hook. One of the other most common myths is that the state's records are up to date and accurate.

There is not a single law that dictates when each state, including Missouri, must make updates to their unclaimed property records. Because of this, one of the best things you can do is search often. If your money has only been determined to be "unclaimed" recently, it likely won't show up in Missouri's database until it is first been turned over by the account holder, and then whenever the state treasury office adds the record.

To get educated about these unclaimed property search hurdles, and many more, and it is important to seek expert assistance in your search for lost assets, to make sure that you claim all possible money belongs to you.

–

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