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Unclaimed Money Virginia


Unclaimed Money Virginia
The Virginia Department of Treasury has $2.5 billion in Unclaimed Money and wants to return it to Virginians who have lost track of it. The names of more than 100,000 people who owe money will be published in newspapers across the state, according to the agency. Individuals and corporations who have money, stock, or tangible property held by the Virginia Department of the Treasury’s Unclaimed Property Program should look for special inserts in their local newspapers.
Every year, the Virginia Treasury publishes the names of people and corporations recently added to the agency’s database and have property worth $100 or more. Money from forgotten savings accounts, dividends, paychecks, deposits, life insurance policies, and even tangible goods from abandoned safe deposit boxes are all examples of unclaimed property. One out of every four Virginians has money that has gone missing. Owners of unclaimed property who answer to the newspaper ad and produce the relevant paperwork will be able to collect their assets.
Virginia has more than $2.5 billion in unclaimed property, according to Virginia State Treasurer Manju Ganeriwala. “Our goal is to return every unclaimed property to its rightful owner, regardless of its value,” Ganeriwala added. The Virginia Treasury returned more than $41 million in unclaimed property to people and businesses in 2016.
The Virginia Treasury also has a website, which can be found under the article’s Related Links. Anyone can search the whole list of unclaimed properties in Virginia for all years and quantities. According to the Treasury, all Virginians are encouraged to visit the site in search of unclaimed property. The searches are completely free and take only a few minutes to conduct.

How Much Unclaimed Money in Virginia?

Virginia now has approximately $1 billion in unclaimed property, even though the quantity fluctuates owing to persons filing claims and holders reporting newly abandoned goods. Given that Virginia is not one of the most populous states, this is a disproportionate amount. 
According to the National Association of Unclaimed Property Administrators (NAUPA), a national organisation dedicated to the care of unclaimed property, the total value of unclaimed property in the United States is currently over $42 billion. Because Virginia receives a higher percentage of the money, Virginia residents need to conduct an unclaimed property search!
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Is There Unclaimed Money In Your Name?

The government may have as much as $58 billion in unclaimed money. Find out if some of it may belong to you or someone you know!