{"id":5346,"date":"2019-11-11T19:07:29","date_gmt":"2019-11-11T19:07:29","guid":{"rendered":"https:\/\/legacystudio.wpengine.com\/?p=5346"},"modified":"2019-11-11T19:07:29","modified_gmt":"2019-11-11T19:07:29","slug":"you-or-your-family-may-be-entitled-to-unclaimed-property-scam-or-hidden-treasure","status":"publish","type":"post","link":"https:\/\/legacystudiolaw.com\/you-or-your-family-may-be-entitled-to-unclaimed-property-scam-or-hidden-treasure\/","title":{"rendered":"You or your family may be entitled to unclaimed property! &#8230;. Scam or hidden treasure?"},"content":{"rendered":"<p>About fifteen years ago an elderly client asked me about a letter she received offering to connect her with the unclaimed (lost) property of a close relative who had died.\u00a0 I easily found the searchable databases online and told the client that she did not have to pay a fee to find unclaimed property.<\/p>\n<p>I was curious about these databases, so I typed my grandfather\u2019s name and social security number into the database in the state where he lived and died.\u00a0 To my surprise, there were substantial (5 figures!) unclaimed assets\u2014mostly stocks the family had no record of.\u00a0 My father, who was my grandfather\u2019s executor, had to re-open my grandfather\u2019s probate estate so that my father had the proper authority to claim the lost funds, but the process was quite easy and he was able to recover all of the unclaimed assets.<\/p>\n<p>Every state keeps an easily searchable database of unclaimed property.\u00a0 The State of Georgia explains, \u201cUnclaimed property refers to accounts held by financial institutions and other businesses who have lost contact with their owner of record. Unclaimed property includes, but is not limited to: wages, savings accounts, customer refunds, accounts payable, insurance payments, shares of stock, escrow funds, royalties and contents from safe deposit boxes. Most property is reported to the program after five years of inactivity.\u201d Georgia\u2019s website is: <a href=\"https:\/\/dor.georgia.gov\/unclaimed-property-program\">https:\/\/dor.georgia.gov\/unclaimed-property-program<\/a> <img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-5347 alignleft lazyload\" data-src=\"https:\/\/legacystudiolaw.com\/wp-content\/uploads\/2019\/11\/GA-money-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" data-srcset=\"https:\/\/legacystudiolaw.com\/wp-content\/uploads\/2019\/11\/GA-money-300x200.jpg 300w, https:\/\/legacystudiolaw.com\/wp-content\/uploads\/2019\/11\/GA-money.jpg 702w\" data-sizes=\"(max-width: 300px) 100vw, 300px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 300px; --smush-placeholder-aspect-ratio: 300\/200;\" \/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-5347 alignleft\" src=\"https:\/\/legacystudiolaw.com\/wp-content\/uploads\/2019\/11\/GA-money-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/legacystudiolaw.com\/wp-content\/uploads\/2019\/11\/GA-money-300x200.jpg 300w, https:\/\/legacystudiolaw.com\/wp-content\/uploads\/2019\/11\/GA-money.jpg 702w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/noscript><\/p>\n<p style=\"text-align: left;\">The databases maintained by all states are free to search. Spread the word and stop scammers from trying to benefit from the fact that most people aren&#8217;t aware of this free\/potentially lucrative service.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>About fifteen years ago an elderly client asked me about a letter she received offering to connect her with the unclaimed (lost) property of a close relative who had died.\u00a0 I easily found the searchable databases online and told the client that she did not have to pay a fee to find unclaimed property. I&hellip;<\/p>\n","protected":false},"author":5,"featured_media":5350,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[10,1],"tags":[11,12],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>You or your family may be entitled to unclaimed property! .... 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