• The problem of unclaimed money will come to and end only when you claim the money

    January 30, 2021 Steven Murphy Comments Off on The problem of unclaimed money will come to and end only when you claim the money

    The
    problem of unclaimed money is beginning to come under the spotlight. Every day,
    thousands and thousands of Americans are discovering that they are owed
    unclaimed money. However, merely finding the money is not sufficient. The money
    has to be claimed. The formalities have to be completed correctly in the first
    try itself. Otherwise, unnecessary delays will plague the process of claiming
    the money.

     

    Once your
    search for unclaimed money is
    completed, you now have to claim the money. The procedure to claim the money is
    not very difficult or complicated. However, it must be initiated without delay
    and completed as early as possible. Delay in claiming the money can cause you
    to lose the money. The procedure of claiming the money may vary from state to
    state. However, certain aspects remain common.

     

    The
    process is initiated by submitting the claim form. Each state or federal agency
    has a form in which the individual has to make the claim for the lost money. Good databases will provide your claim forms
    and information.     The form must be filled properly and completely before
    being submitted.

     

    The check
    repaying the unclaimed money cannot be sent unless the agencies are satisfied
    that you are whom you are claiming to be. You will have to submit proof of
    identification like the Driver’s License, Identification Card, birth
    certificate or social security card to prove your identity. The copies must be
    legible.

     

    Whenever
    you are claiming unclaimed money, it
    is important to think like the person who is reviewing the claim. It is natural
    for that person to wonder- how do I know that you are the person who is owed
    money? How can I be sure that you are not just a person who has the same name
    as the person who is originally owed money? To answer these queries, you have
    to submit all forms and documents that remove all doubt.

     

    If you
    are claiming money that you have inherited, then it is sufficient to simply
    submit proof of identification. You will have to show that you are the
    executor, heir or power of attorney of the deceased. This will ensure that the
    claim process is not a long drawn one.

     

    Do not
    make the mistake of submitting all originals without duplicating them. Keep
    copies of all forms and documents that you submit. This will ensure that you
    can resubmit the documents in case of any mishaps. Further, it will be useful
    for reference at a later stage. Whatever you do, do not submit originals
    without keeping a copy in your hand.

     

    Always
    remember that money belonging to you is in the hands of others. Do not sit back
    after filing your claim. Make sure you follow up on your claim. Claims may take
    two to sixteen weeks to be processed. The duration depends on the agency processing
    the claim. If updates are offered on phone or over the webArticle Submission, make use of them.

     

    Categories: General

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