Every year, millions of dollars goes unclaimed. As a result, you could be missing out on funds you didn’t even realize you were entitled to. With costs continually rising, it makes no sense to leave money unclaimed when it’s rightfully yours. Take a look at ways to claim back funds and find out how much you may be entitled to…
State Tax Departments
If you may a tax overpayment to State Departments of Taxation, you might assume the money will automatically be refunded to you. However, this isn’t always the case. If you move to a new address, change your name or even your bank details, your refund may not be processed.
Even if you aren’t sure whether you’ve made an overpayment, it can be worth checking whether you’re owed anything from your state’s Department of Taxation. If you’ve been making monthly or annual payments without checking how much you need to pay, you may be surprised at how much you’re owed.
Unused Bank Accounts
Most people open numerous bank or savings accounts throughout their lifetime, but they may only use one or two of them regularly. If you have paperwork relating to old or unused accounts, you may be able to approach the bank or company directly but don’t worry if not. There are a number of reputable firms which can help you discover whether you have any old accounts which may provide a source of unclaimed funds.
Pursuing a Personal Injury Claim
If you’ve been hurt or injured in an incident that wasn’t your fault, you may want to consider your legal options. Providing someone or something else was responsible, you could be eligible to obtain compensation. With specialist help from attorneys, such as personal injury lawyer Andrew Schwing, you can find out everything you need to know about taking legal action after an accident. Whether you’ve been hurt in a work-related accident, a road traffic incident or whilst you were on someone else’s property, there’s a good chance you’ll be eligible to take legal action if you weren’t responsible for the incident. With compensation payouts regularly amounting to tens of thousands of pounds or more, pursuing a personal injury claim can be an effective way of accessing unclaimed money.
Life Insurance Policies
If a loved one has passed away, you may need to deal with their finances and/or business correspondence. Often, it’s not until people do this that they become aware of unclaimed life insurance policies. If you weren’t aware that a relative had a life insurance policy in place, the beneficiary may not have been awarded the monies they’re owed. Confirming whether life insurance policies were in place and whether they’ve been paid out can be extremely worthwhile, as thousands of policies go unclaimed each year.
In recent years, a number of governmental organizations and companies have been set up to help people determine whether they have funds which are currently unclaimed. By checking your state’s repositories, you can find out which department can provide the assistance you need when you’re locating unclaimed funds.