This story is part of Try this oneCNET’s collection of simple tips to quickly improve your life.

Last year, a friend told me that he had learned that his state held $ 200 in unclaimed property for him. Hoping to have money or property, I immediately checked to see if my state held anything for me. I wasn’t so lucky, but that doesn’t mean you won’t. The United States holds $ 49 billion in unclaimed property, and only $ 3 billion is claimed each year.

There is no money for unsolicited property, and the states own it for 1 in 10 Americans, according to National Association of Unsolicited Property Administrators. My state alone – California – is sitting at $ 11.2 billion waiting for someone to ask.

It’s easy to find out if a state has any of your unsolicited properties. You can quickly search for free and then begin the process of claiming your money.

Keep reading to find out if you have an unclaimed property and how to get one. For more, here’s how light a fire with Doritos and how to stop receiving spam.

@cnetdotcom Claim your unsolicited money. This is how. # Try this one#money# hacks#how to# try# do it yourself#advice#finance♬ original sound – CNET

How do I search for unclaimed property in my state?

You can find out if a country holds property for you by using a search tool from NAUPA. His map of the United States provides links to each state’s website for unclaimed property. It also includes links to property search tools for Washington, DC, Puerto Rico, the US Virgin Islands and some Canadian provinces. Be sure to check each state, territory or area you have lived in to see if you have anything to claim.

In most cases, you will be taken to a page where you can search directly for unclaimed property; in others, you may need to click from the home page to the unclaimed property search page.

You will usually only need to provide your last name to search for a property, although adding your own name, location or address will help narrow your search.

Two other free services – MissingMoney.com and FindMyMoney – Offer built-in searches on their websites, but not for every state. MissingMoney.com allows you to search in 41 states, the District of Columbia, Puerto Rico and Alberta, Canada, while FindMyMoney provides its own search tool for 28 states and Washington, DC. FindMyMoney connects with government search engines for the other 23 states.

Some countries, such as Ohio, work with MissingMoney.com to allow people to search for property and file claims. Once the claim is filed at MissingMoney.com, the state handles the communication, verification and eventual payment of the claim.

How do I claim property from the state once I find it?

There is no federal system for claiming your property – the process will vary from state to state. And you don’t have to live in the state right now to claim your property, so check other places you’ve lived.

Most states use a system similar to an online shopping service where you add a property to order and then “verify” by providing information such as your current address and social security number to verify your identity and prove that you are the legal owner of the property.

Once you have filed your claim, the state may contact you by email for additional information it needs to process the claim. Some countries will allow you to provide supporting documentation online, while others require it to be submitted by mail. Your state can keep a small amount – in Kentucky, that’s $ 1 for any property over $ 10 – as a holding fee.

Most states do not have a deadline for claiming property, although some may sell it at auction after a certain period of time. If so, you will still usually have the right to claim its value from the state.

How long will it take to get my property?

As with the claim process, the time to receive your property will vary by state. The California state controller says simple claims involving cash can be resolved in 30 to 60 days. More complex claims involving multiple heirs or companies can take up to 180 days.

The New York controller’s website says online claims for individuals are usually paid within two weeks. Requests for the dead will take four to six weeks, and processing of those sent by mail will take three to four months.

Why would a country hold my property at all?

After a period of “dormancy” – usually one to three years – companies will send money and property to government agencies for unsolicited property when they cannot find the owner. The state will then keep these items until the owner requests them.

The property can be money in a savings or current account, stocks, annuities, life insurance policies or safe deposit boxes, among many possible items. In 2021, California had 57 million unclaimed properties worth $ 10.1 billion.

https://www.cnet.com/personal-finance/1-in-10-americans-has-missing-money-to-claim-from-their-state-heres-how-to-get-it/#ftag=CADf328eec

Previous articleReview of the Razer Kishi V2: As good as the Backbone
Next articleStart a career in cybersecurity with this $ 39 risk management training camp