Check for Unclaimed Property/Funds

[daughtersrus]

I just got a check for $20 for myself for a rebate check that I never caused years ago.

I also found my DD's name. She was given 2 shares of Disney stick years ago as a birthday gift. About a year ago, we just stopped getting statements from Edward Jones. I didn't think anything about it. Maybe they were cutting down on paper.
I filled out the papers for the unclaimed money. Apparently Edward Jones turned the money over to the state. I have no idea why. We didn't move, didn't ask to liquidate...Kind of bummed that she's no longer a stock owner

 

[laceltris3]

I just got a check for $20 for myself for a rebate check that I never caused years ago.

I also found my DD's name. She was given 2 shares of Disney stick years ago as a birthday gift. About a year ago, we just stopped getting statements from Edward Jones. I didn't think anything about it. Maybe they were cutting down on paper.
I filled out the papers for the unclaimed money. Apparently Edward Jones turned the money over to the state. I have no idea why. We didn't move, didn't ask to liquidate...Kind of bummed that she's no longer a stock owner

Beginning in the financial crisis, states really stepped up their escheatment laws as a revenue source. In some states, losing contact for one or two years may cause your property to be escheated. I vote the proxy and cash the $.78 dividends on my kids Disney shares to prevent it. The states even aggressively audit companies to make sure it is being done do they can score penalties from the companies as well as having the use of your money until you ask for it back.

 

[Woth2982]

My dad just this week found an old life insurance policy for a decent chunk of change. Well I guess technically I found it. I told him I deserve a finders fee since this is the second time Ive found a large claim for him.

 

[here757]

I've shown an amount. Filled out forms and got nothing

 

[missnic]

I handle this stuff for a living

Companies are required to notify you at your last known address before escheating to the state -and depending on the state, that is usually 5/1 or 10/30 each year. Payroll checks are reportable at 1 year, most everything else is either 3 or 5 years (again, depending on your state of residence). That's 3-5 years after the last activity on an account - so your check from 2008 may not be reportable in 2014.
We do our best to find you - but 5 or even 3 years later is kinda tough.. especially if there's a typo in an address or something like that. The post office can also be highly unreliable at times.