Raising MoneyYour business

How to Find your Free Money

By October 7, 2019 No Comments

How to Find your Free Money

You may have $1,000,000.  I know, it sounds like Publisher’s Clearing House.

But I am a lawyer, not Ed McMahon,  and this is for real.  Your small business may have a bonus.  You may be entitled to money personally.  I found $2,600 for a client of mine and $525 for another client.

New York – and all the States for that matter — has an unclaimed funds department.  If the money is unclaimed and it is yours, their job is to give it to you. But they don’t look for you.  It is a bit of a treasure hunt.

How did New York get your money?  Let me explain.

Banks, insurance companies, and corporations are among many organizations required by law to report dormant accounts to the State Comptroller. These organizations must attempt to notify you by mail and publish the information in newspapers. Despite these efforts, many funds remain unclaimed and are turned over to the Office of the State Comptroller.

Top 8 Types of Unclaimed Funds

  • Bank Accounts – savings, checking and CDs
  • Court Funds
  • Dividends
  • Estate Proceeds
  • Insurance Benefits/Policies
  • Stocks, Bonds, Mutual Funds
  • Telephone/Utility/Security Deposits
  • Royalty and residual checks for musicians and actors

How do you find out if you have any unclaimed funds?  First click here.  Once you do that you will come to a page that looks like the one at the top of this blog.

Click on the box that says SEARCH NOW.  You will be taken to a page that asks your name.  Fill in the blanks and scan for possible recoveries.  Be sure to look for old addresses.

If you get a hit. Click on the box.  The State will ask a few more questions.  This is right from the State’s website :

You will need to provide your Social Security Number and other personal information to submit your claim online. We’re authorized to collect this information under Section 1406 of the NYS State Abandoned Property Law to verify your identity and entitlement to the funds. We may report your personal information to the Internal Revenue Service and/or other taxing authorities as required by law. Submitting your claim online is completely voluntary. You can select the Mail-in Claim Form or contact us for further instructions.

What’s that you say?  You don’t live in New York.  In New Jersey go to: https://www.unclaimedproperty.nj.gov/ .

I can help you find unclaimed money in most states.  I found a friend’s unclaimed funds in California and the money of the brother of a friend in Iowa.

Click here to set up a short virtual meeting with me.

Try it. You will like it.