Government Unclaimed Funds

Government Unclaimed Funds

Government Unclaimed Funds

There is something available in every US state, District of Columbia, US Virgin Islands, Puerto Rico and Quebec, British Columbia and Alberta called unclaimed property. Unclaimed property is a very old form of consumer protection that basically takes property, that for some reason did not make its way to the rightful owner, and sends it to the state treasurer.

The interesting thing about unclaimed property is that it does not belong to the state, but belongs to the rightful owner or their heirs. These laws have been in place since the 1940s and the property can be found with a simple name search. The type of property that could be sitting with a state treasurer as unclaimed property would be something like oil or gas royalty checks. insurance payouts, safe deposit box contents or certificates of deposit.