Chances are, you are one of more than three million people who have unclaimed money and assets held in trust by the Washington State Department of Revenue (Revenue). The question is: what are you waiting for?
Revenue says there is no better time to check http://www.claimyourcash.org to see if you or a family member has a share of the nearly $1 billion in property waiting to be claimed.
“Even if you’ve checked the website or made a claim in the past, everyone should visit the website at least once a year,” said Revenue Director Carol K. Nelson. “The list of names and money we receive grows each year.”
Revenue administers the unclaimed property program on behalf of the state of Washington. All the assets are held until the rightful owner files a claim. Revenue does not charge a fee for this service.
Unclaimed property typically includes uncashed paychecks, utility deposits, bank accounts, stocks and bonds, refunds, life insurance proceeds and safe deposit box contents. Usually, these assets have gone untouched by the owner for three or more years, and the holding company is required to report them to the state where the owner last resided.
Between July 1, 2012 and June 30, 2013, Revenue returned more than $68 million to 170,800 people.
In that same time period, Revenue added 858,000 names and $140 million to the unclaimed property database.
To learn more about unclaimed property, watch this television clip.
All 50 states operate unclaimed property programs to reunite owners with their assets. To find links to each state’s program, visit http://unclaimed.org/.