ET Lost treasures found on the Net Komando archive For more columns by Kim, click here . This means that right now, hiding within some Web page, there could be news about unclaimed property due to you, your relatives or business. All you have to do is go claim it.
Unclaimed property is the blanket term given to abandoned assets, money or otherwise.
Perhaps you changed banks and forgot to close your savings or checking account. If the account has been inactive three to five years, those funds could now be unclaimed property. Or it could be that when you changed employers, you neglected to transfer or recover pension or 401k plan funds. Unclaimed property also includes goods abandoned in safe-deposit boxes, undeliverable stock or mutual fund dividend checks, life insurance proceeds and property left when the deceased did not have a will. Usually, unclaimed property is turned over to the State or Federal government by financial institutions, until the rightful recipient recovers them or until the property is sold at auction.