U.S. Government coffers contain an astounding $18 Billion in unclaimed money. Navigating exactly which branch holds the money is one’s first hurdle, but we ran across a graph which can possibly point one in the right direction. Early last week, NPR posted on its blog an easily readable chart setting forth the amount of unclaimed […]Read More
Can A City Be Entitled to Unclaimed Money? You Bet and After 7 Months of Disbelief, the City of North Tonawanda, NY, Receives $70,000 in Unclaimed Funds from the California Controller Held Since 2007.
In over twenty years of searching for beneficiaries to unclaimed money and lost property, we find that it is not only individuals who benefit, but just about any entity can, such as corporations, L.L.C.s, partnerships, non-profits, charities, churches, and, surprisingly, even some of the nation’s cities. But as with disbelieving individuals, we must overcover city […]Read More
This weekend as first reported in the German news magazine, Focus, and as reported in the Australian newspaper (and endlessly repeated by the international press), the world learned of the existence of a cache of art work hidden away in the Munich condo of the aged son of Hildebrand Gurlitt, a German art dealer tasked by […]Read More
Australian Bank Account Holders Beware! Accounts “Inactive” After Three Years & Subject to Government Seizure as Unclaimed Property.
Faced with the dilemma of paying for growing expenditures with lower tax revenues, governments world wide have aggressively sought new sources of cash, and many have focused their efforts on seizing “unclaimed property,” including “inactive” bank and savings accounts. A fascinating article in The Sydney Morning Herald sets forth how astoundingly successful these efforts have been. The […]Read More