| Where do the billion and billions of unclaimed dollars all | | | | entire estate of 2 million dollars. However no one, |
| come from > Each and every year hundreds of | | | | including the great- uncle knew where you were. |
| thousands of individuals across the United States and | | | | After a half-hearted search, the attorneys will take |
| Canada , leave their friends , family relatives and | | | | their fees from the estate and the balance will go to |
| birthplace to follow a dream m start another life and | | | | the states: unclaimed money account". Or if you |
| to consequently relocate. The reasons they leave | | | | reside in Canada to the "Bank of Canada". It has |
| "home" are as varied as there are people who do! | | | | been estimated that over $ 250,000,000,000 in |
| But one thing is certain; those who move away are | | | | unclaimed money is being held by the U.S.'s individual |
| looking towards the future. Not to the past. In turn | | | | states and upward of $ 500,000,000 by the Banks of |
| many thousands lose contact either by chance or by | | | | Canada. In Canada, all financial institutions are required |
| choice with the passing of time. Our forever changing | | | | by law to submit the names and last known address |
| society has resulted in the fact that most people do | | | | of accounts that have been inactive for at least |
| not have the slightest idea who, where most of their | | | | seven years. After that period of time, the financial |
| relatives are! Think of it! Do you personally know all | | | | institution has already sent out two notices. One is |
| of your relatives? That includes aunts, great- aunts, | | | | sent out after two years of inactivity, the next after |
| uncles and great-uncles, half- brothers and sisters, | | | | five years. After the limit is reached all unclaimed |
| grandparents, great-grandparents etc etc. The | | | | funds are released to the Bank of Canada, but each |
| answer for most people is an unequivocal now. | | | | account, as in the case of U.S. accounts remains in |
| Grandparents generally have some sketchy ideas | | | | the name of the original holder. In the United States, |
| about the long-range past, but if one asks for | | | | each state has a different standard of time variance, |
| information regarding missing or l "long lost relatives" | | | | although many may be the same. However, all |
| it never comes up. And once the grandparents are | | | | financial institutions including retirement funds, |
| gone chances are that you will never know. So why | | | | insurance companies, banks, county government |
| is all this important? Because "lost" works both ways. | | | | offices etc are also required by law to report |
| Either you have long lost relatives or you yourself are | | | | unclaimed money to the state. After a period of time |
| a lost relative if someone who would like to get in | | | | as specified by law, the money is then turned over |
| touch with you. It could well mean - "untold" wealth | | | | to the state treasury department unclaimed property |
| that is just waiting to be discovered. Imagine for a | | | | division. In either case, to get their rightful money, all |
| moment that a great-uncle, who has survived and | | | | you need to do is locate it, and then ask for it. Isn't |
| aunt dies and has named you as the sole heir to his | | | | it time you claimed your long lost money? |