January 7, 2012
Find Arizona Unclaimed Cash – Part 2 of 2
(Part 2 of 2)
Upon receiving a letter from Arizona's Department of Revenue, Jane Tressler was clueless about unclaimed property. "I got this letter and was really wondering why the Department of Revenue would need my Social Security number." the Arizona resident said. "It was telling me I had possibly some unclaimed property. I've been racking my brain trying to think what it could be, but I've come up with nothing." After personally going down to the Department of Revenue to find out if her letter was legit, Tressler was surprised she was actually owed unclaimed property from ten shares of unredeemed Metlife stock that were worth $63 each. "Six hundred and thirty dollars, well that's OK!" exclaimed the once doubtful unclaimed property owner. There are many more people out there just like Tressler, according to Daniel Corcoran of the Arizona Department Of Revenue Unclaimed Property Division.
In this day and age of the internet, multi-cored home computers and PDAs that do everything but walk your dog, one would think life would be more organized. The more electronic devices and gadgets we have available to us however, the more things we are distracted by and the more complicated we allow our lives to get. Perpahs this is a partial explanation for the more than $400 million in Arizona state unclaimed property collecting dust in the Unclaimed Property Division of the Arizona Department of Revenue.
Unclaimed property includes financial assets like forgotten uncashed checks, bank accounts, stocks and stock dividends, unclaimed insurance and retirement benefits, even safe deposit box contents whose owners cannot be located. The Unclaimed Property Law in Arizona requires these to be handed over to the state if not given back to their rightful owners after a usual period of 3 years. The proceeds are then held by the state as unclaimed property recoverable at any time, but if you had Arizona unclaimed property in your name, wouldn't you rather have it now? Use today's technology to work for you and find out if you're owed unclaimed property money without even having to go all the way downtown.
If you learn where to look, performing an internet unclaimed property search can be quick and easy. The key is learning from Arizona unclaimed property experts and putting their tactics in to action to help locate your forgotten funds.
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