The sad fact of life is, people die and when they do they leave behind all their worldly possessions. In most cases, those possessions go to the next of kin; or to a person or company the person designated while they were alive. In a few cases, there is no next of kin. There is no one to bequeath the estate to. These cases are typically known as the unclaimed funds of the deceased. With no one to accept them, they are condemned to sit and gather dust in a state treasury’s vault. With millions of dollars in deceased unclaimed funds all over the country, Americans are now urged to search using the Internet and a massive online database.
Deceased Unclaimed Funds – Just How Much Money Is Out There?
Before you learn how to find deceased loved ones unclaimed funds, it is important to understand what happens to the money when no heir can be found. When a person dies, the person’s estate is tallied up. Any debts the person had while living will be taken out of any liquid cash on hand and the rest will go to the next of kin. If no next of kin can be found, such as in the case of deceased unclaimed funds, the money will go to the treasury.
To search for and find deceased loved ones unclaimed funds, you can use any Internet-ready device and an online connection. To begin, log into the Find Unclaimed Money database and conduct a search using a first and last name. This will check your name against all others in the registry. If a dollar amount is found, you will be given a series of steps to follow in order to claim the unclaimed funds of the deceased to use as your own.
You will have to be related to the person in some way, or you will need to get permission from the executor of the person who died, or the person who originally owned the deceased unclaimed funds.
There are millions of dollars to be found and so all Americans are urged to try to find deceased loved ones unclaimed funds using Find Unclaimed Money. A name is all it takes to potentially uncover hundreds or thousands of dollars that may have belonged to someone near and dear.