Unclaimed Money GA: Unclaimed money in the United States amounts to millions of dollars. For many reasons, people don’t claim their assets. The total amount may not be enough to make you wealthy, but these funds can be useful for your savings or as a way to treat yourself.
This article is for anyone who has ever lived in Georgia. It will tell you how to claim any unclaimed money, regardless of whether it comes from insurance or deceased relatives.
What is considered unclaimed money in GA?
Each state has its own rules and laws regarding unclaimed property. However, they all agree on what is considered unclaimed money. The Department of Revenue has an Unclaimed Property Program in Georgia.
According to Georgia’s Unclaimed Property Program definitions, unclaimed property includes all funds whose owners have lost contact with financial institutions or business accounts. These assets are automatically placed in the Unclaimed Property Program after five years of inactivity.
You can find more information on Georgia’s Disposition Of Unclaimed Property Act (Georg Code SS 44-12-193).
Types of unclaimed money in GA
Georgia Unclaimed Money Program states that an unclaimed property could refer to a variety of items.
Below is a table listing the most desired categories of unclaimed cash:
|Unclaimed Property Category||Includes|
|Safe Deposit Box Contents|
This is not an exhaustive list. This unclaimed property annual file report from Georgia’s Department of Revenue provides a comprehensive overview of the property that is considered unclaimed money, as well as the corresponding dormancy periods.
What is the Secret to Making Money Go Unclaimed?
Although it seems counterintuitive to leave money unclaimed, it is a common occurrence. Most cases are too small to allow the claimant any action. These are just a few examples of possible reasons:
- The customer forgot to claim a reimbursement.
- The tenant left without collecting the safety deposit and leaving contact information for the landlord or property management firm.
- A deceased owner made it impossible to reach the heirs after his death.
- Employees leave a job without receiving the last paycheck or leaving direct deposit information.
Companies will usually not make any effort to locate the owner if the amount is small. This can take a lot of time and can lead to frustration. If unsuccessful attempts to contact the owner fail, financial institutions and businesses are required to report unclaimed property to the state.
The dormancy period for most items is five years. However, there are exceptions. The dormancy period for safe deposit box contents is two years. The state must be notified if an employee does not receive their salary or commissions in a year.
How to Find Georgia Unclaimed Money on Your Own
The United States does not have a centralized system to locate unclaimed property. The National Association of Unclaimed Property Administrators is the closest resource to working at the federal level. Here you will find information about how to claim or report lost money in different states.
The Department of Revenue is the official agency that oversees Georgia’s unclaimed property. Their website is a great starting point for anyone who wants to handle this problem on their own. These are the steps for general searches:
- Search for Unclaimed Property
- Choose Search for Unclaimed Property
- Enter your name and the city you live in.
- Click on Add next the properties that you are interested in
- When you are done, hit Claim Properties in My Cart in the upper-right corner
- Select the appropriate category from the drop-down menu for each property.
- To proceed, click on the Register or Log In button.
To refine your search or confirm ownership, you may be asked to enter your Social Security number. This search tool is available for free. You can also use it to verify the status of any previously filed claims.
UnclaimedMoney can help you find your unclaimed money hassle-free
Although getting your unclaimed money is not the same as winning the lottery, it’s worth a try. Most forgotten property claims are around $100. Nobody would refuse to get free money.
Most people don’t know if they have unclaimed property or how to claim it. UnclaimedMoneys Missing Money will allow you to quickly access any assets that have been forgotten.
It is not necessary to spend time on multiple search engines and websites, especially if your life has taken you to more than one state. UnclaimedMoneys is a search engine that searches for unclaimed money. It scans existing state databases to find your information. It is simple and straightforward.
- You can create your UnclaimedMoney Account in any web browser.
- When you log in, select Missing Money.
- Please enter your contact information, including your middle name, previous addresses, and other details.
- Click Claim My Property to have UnclaimedMoney file a claim in your name.
How to Prevent Your Property from Being Lost in the Future
Most cases of unclaimed property are due to a lack of communication. If you don’t keep businesses and institutions updated about your location and other pertinent details, they won’t be able to contact you.
You can avoid having unclaimed assets in your name by:
- Notify institutions that hold your money and other property of any changes in your life, particularly if you move or marry.
- You should contact them at least once per year, regardless of any potential changes in your contact details.
- Keep accurate records of all deposits, bank account transactions, stock certificates, and insurance policies.
- A precise plan for asset distribution and a current will are two ways to keep your will up-to-date.
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