Keep track of your money with Record Tree® personal asset inventory.
Keep track of your money with Record Tree® personal asset inventory.
Approximately one-half billion dollars in Social Security benefit checks go un-negotiated each year. Heirs and descendants of entitled recipients who have left behind unclaimed assets and unclaimed benefits make up the largest group of individuals owed money and property.
Source: Unclaimed Assets: Money The Government Owes You!
Veterans
Nearly two million poor veterans or their impoverished widows are likely missing out on as much as $22 billion a year in pensions from the U.S. government, but the Department of Veterans Affairs has had only limited success in finding them.
Source: Miami Herald , December 25, 2005
Unclaimed Benefits
In 2004, trustees unable to confirm beneficiaries or policy owners of demutualized companies took custody of $22.8 billion in unclaimed benefits; less than $1 billion was claimed.
Stock Dividends
The SEC estimates 3 million stockholders are entitled to unclaimed stock worth $10 billion. In addition, $500 million in stock dividends go un-cashed each year.
Missing Money
Government agencies are holding $60 billion in unclaimed property and missing money. If an owner or heir fails to communicate an interest in an asset over a specified number of years, referred to as a dormancy period, agencies, companies, etc. holding unclaimed assets must remit the funds to the protective custody of a government trust account.
U.S. Savings Bonds
Less than 1% of U.S. Savings Bond holders are successfully notified when the bonds reach maturity. $200 million in registered United States Treasury Securities have stopped earning interest but have not been cashed.
Life Insurance
One-quarter of all life insurance benefits go unclaimed – due to family members being unaware that a policy exists or because of dormancy periods, etc.
It's absolutely amazing! State treasuries are holding lost payroll checks, trust distributions, stocks, bank accounts, dividends, even safe deposit boxes for 117 million accounts.*
Let Record Tree® help you keep track of your property.
* National Association of Unclaimed Property Administrators (2011)
