You are fortunate if you were one of the millions of kids whose parents opened up a savings account for them when they were young. It’s a great way to save money away for a child’s future.
Unfortunately, many of those children who had such generous and thoughtful parents didn’t keep track of that account once they became adults. The money may still be sitting somewhere waiting for the account holder to claim it. This is one of the biggest reasons everyone should be looking for lost money in their name. You may also take help of unclaimed money recovery agents to find your lost money.
Additionally to forgotten, dormant bank accounts, there are many instances when money becomes misplaced. One more example of missing assets is those found in safety deposit boxes. Usually when a person moves to some other place they’ll go to the bank and retrieve everything out of their safety deposit box.
If they don’t retrieve it, the stock bonds, certificates and jewellery will eventually be sent to the state government for safe keeping. If you are looking for lost money think back in time to whether you left behind a small treasure in a safety deposit box.
Also, if you’ve ever lost a loved one, possibly they had a safety deposit box that you weren’t aware of. It’s worth doing a bit of research to find that out. Death is a part of life, and many people go the extra step of taking out a life insurance policy. These policies are paid to the beneficiary once the owner of the policy passes away.
It’s surprising that so many people die without mentioning they had a policy. The policy sits unpaid, since the beneficiary never makes a claim. If you have been close to someone who has died and you are uncertain that they may have had a life insurance policy, you should be looking for lost money that applies to insurance proceeds.