| Of the tens of billions of dollars in unclaimed | | | | from the state, the information is only as good as |
| assets across the country, the North Star State | | | | the people updating the records. These assets are |
| is home to more than $300 million. MN is known | | | | turned over to the state constantly, but that |
| for freezing cold winters, but most people don't | | | | doesn't mean each record is added the second |
| know about the mountains of cold hard cash in | | | | the state takes control of it. |
| the form of Minnesota unclaimed money. The | | | | If a Minnesota resident searches for MN missing |
| best part about all of these millions is that they | | | | money on Monday, but someone at the |
| belong to regular citizens across the state who | | | | Commerce Department didn't update their |
| only need to track them down and claim them. | | | | system with that resident's record, then the |
| It's easy to dismiss unclaimed property as a myth | | | | resident would be incorrectly told they weren't |
| because it is difficult for most of us to believe | | | | owed money. Now, consider the fact that money |
| that our neighbors (and ourselves) simply | | | | can be turned over all year, and that many |
| abandoned significant amounts of money | | | | account types aren't required to be turned over |
| throughout our lives and that it's all just sitting out | | | | to the state for 3 to 5 years, and longer in some |
| there under our noses, waiting to be discovered. | | | | cases. What this tells us is that searching more |
| A quick call to Minnesota's Department of | | | | than once, frequently in fact, is one of the most |
| Commerce, or the State Treasury Department in | | | | important tactics a searcher can use, and one |
| any other state will put your scam concerns at | | | | that all professional finders use regularly. |
| ease. This money is within reach for those citizens | | | | There are also a variety of reasons why |
| with a little education on the matter. | | | | Minnesota residents might be owed money by |
| The reason unclaimed funds totals have grown so | | | | other states, and residents of other states might |
| greatly across the country is because most | | | | be owed MN unclaimed money. These often have |
| people don't even know this cash exists, and | | | | to do with the location of insurance companies |
| those that do still haven't been properly trained to | | | | and corporate headquarters of employers. For |
| search for these monies. There are a number of | | | | these reasons, people should never limit their |
| obstacles that stand in the way of beginners who | | | | searches to their home state or they could miss |
| are trying to find their lost money that are easy | | | | out on significant chunks of cash with their names |
| to overcome if people know what they're doing. | | | | on it. |
| One of the biggest mistakes people make when | | | | For further details on these tips and many more, |
| searching for forgotten funds, is searching their | | | | people who are truly interested in locating all |
| name at whatever website they first run across | | | | possible money owed to them should educate |
| and ending their search there. For starters, very | | | | themselves on how to perform a thorough |
| few unclaimed cash websites have reliable | | | | search and copy the tricks used by experts in |
| databases, and even when looking at data straight | | | | the unclaimed property game. |