(Part 2 of 2) Upon receiving a letter from Arizona's Department of Revenue, Jane Tressler didn't have a clue about unclaimed money. (...)" />

January 28, 2012

Forgotten Funds in AZ – Part 2 of 2

(Part 2 of 2)

Upon receiving a letter from Arizona's Department of Revenue, Jane Tressler didn't have a clue about unclaimed money. "I got this letter and was really wondering why the Department of Revenue would need my Social Security number." the AZ 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 Dept. of Revenue to see if the letter was for real, Tressler was pleasantly surprised to learn that she was actually owed unclaimed money from ten shares of unredeemed Metlife stock that were worth $63 each. "Six hundred and thirty dollars, well that's OK!" announced the once skeptical unclaimed money owner. There are more people out there just like Tressler, according to Daniel Corcoran of the AZ Dept. Of Revenue Unclaimed Property Division.


In this day and age of the world wide web, multi-cored home computers and mobile phones that do everything but heat your leftovers, one would think we would be more organized. The more gadgets and tools we have available to us however, the more things we have to think about and the more complicated we allow our lives to get. This might account somehow for the more than 400 million dollars in AZ state unclaimed money collecting dust in the Unclaimed Property Division of the AZ Dept. of Revenue.


Unclaimed money includes financial assets like forgotten bank accounts, uncashed checks, unclaimed insurance and retirement benefits, stocks and stock dividends, even the contents of safe deposit boxes whose owners can't be located. The Unclaimed Money Law in AZ requires these to be turned over to the state if not given back to their rightful owners after a usual period of three years. The proceeds are then held by the state as unclaimed money recoverable at any time, but if you had AZ unclaimed money in your name, wouldn't you rather have it now? Put the information age to work for you and figure out if you are owed unclaimed property money without even having to take a trip downtown.


If you know where to look, performing an internet unclaimed money search can be quick and simple. The key is learning from AZ unclaimed money experts and putting their strategies in to action to help locate your forgotten funds.

North Carolina Works Hard to Return

Area towns get share of state's unclaimed property
Local towns are among the 124 municipalities receiving a share of the unclaimed property money from the State Treasurer's Office.

Mass. treasurer says unclaimed monetary property is available
For local municipalities, it’s the equivalent of finding money in the pocket of a forgotten pair of pants. State Treasurer Steven Grossman announced Thursday that his office’s Unclaimed Property Division returned nearly $425,000 in unclaimed monetary property owned by 124 cities and towns, including most of the communities in the Fall River area.

Unclaimed Stock: Find Lost Shares
This week, I'm answering questions from readers, because there's an unclaimed money question that keeps coming up again and again. That tells me there's a need, so here goes. Here are two samples of the questions I've gotten:

How to Find
When I found out the city of Pasadena, Calif., had more than a quarter of a million dollars-worth of people's missing

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