Why Does Unclaimed Money Exist?

Answer 1

You may have heard that there is unclaimed money out in the world that no one is using because the person who should own the money does not know it exists and the person who has it is busy looking for them. Have you ever stopped to consider what this could mean for you? Is there money out there right now that is supposed to be in your bank account, that would be in your account if those who are in charge of it could get in touch with you? When you are thinking about this, it is only natural that you would wonder why this money exists in the first place.

One reason could be winnings that you do not know you won. For example, perhaps you signed up for a raffle at a local school. You filled out a card with your name and phone number, and you put it in a box. When you did not hear anything about it, you assumed that you did not win. What may really have happened, though, is that you might have written down the wrong phone number. The people running the raffle could still be trying to contact you.

Another reason that unclaimed money could exist is if a relative of yours passed away and everyone forget to tell you that you were in the will. If you were a child at the time, it is rather likely that no one tried to explain the will to you. Your parents may have forgotten about the money as well. However, a will has to be followed. A trust will have been set up to make sure that the actions depicted in the will were carried out. You need to talk to the people who are running that trust.

These are just two reasons why you could have unclaimed money that you need to get as soon as possible. Does it sound a bit more plausible now? You need to act quickly to make sure that you do not lose the money forever. You a money locator to enter your name and check on the status of your money.