Simply stated, any account in a financial institution or business that has not had any activity over a specific period of time. Specifics, like the period of time, are defined by the type of account and individual states and laws. Every state has different statutes and rules that govern Unclaimed Property.
Some examples of unclaimed wealth:
- Stocks
- Dividends
- Bonds
- Salaries or wages
- Savings accounts
- Safety Deposit Box contents
- Oil and gas royalties
- Mineral proceeds
- Pension Funds
Who could be affected by Unclaimed Wealth?
- Children
- Widowed Parent or Spouse
- Former Employees
- Heirs
- Memory Loss Patients (people with Alzheimerzs)
- Royalty Owners
- Senior Citizens
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Widows or Widowers
Start by reading one of the articles Marcia has written or compiled on the topic. Or, if you're ready to keep track of your assets and prevent the potential loss of those assets from happening to you, your family or you clients, click here (Asset Tracker Programs).