(Part 2 of 2) As residents the state with the smallest population, people living in Wyoming have excellent odds of discovering abandoned assets in their name. (...)" />

January 8, 2012

Find Unclaimed Assets in WY – Part 2 of 2

(Part 2 of 2)

As residents the state with the smallest population, people living in Wyoming have excellent odds of discovering abandoned assets in their name. But most people are unaware that other states might be holding funds belonging to them. You don't even have to have been to another state for another state to be holding your assets. A lot of companies have offices and/or locations in numerous states, but they can obviously only have their headquarters in one place. Because of this, employees often lose track of money and never realize it even if they search, because the cash is being held by the state where their employer is headquartered. Similarly, insurance companies may service different states, but like any company they can only maintain one headquarters. Items like insurance overpayments will be handed over to the proper division in the state where the insurance company is incorporated, not necessarily the state where the account holder lives. These are just a couple of the reasons that it's very important that people search outside of their home state.

Aside from limiting searches to just the home state, beginners often do not understand that they ought to search multiple times. In fact, they should search frequently. Due to the widely varying dormancy periods for each type of unclaimed money, and because someone at the State Treasurer's Office has to manually put each record in to the system, the abandoned assets list changes constantly. A search could find no record one day, while searching the next day might produce a nice treasure for a diligent searcher.

Experienced searchers have dozens of tactics that give them an edge when trying to find unclaimed money, and the wisest beginners learn about these and duplicate them in their own searches to make sure they have discovered all possible claims.

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