Unclaimed money and property in Florida is currently under the Chief Financial Officer who currently lays claim to assets in Florida unclaimed money and property over $ 1 billion , most of the Florida unclaimed money comes from doormat accounts from financial , insurance , securities and trust holdings as well as from utility companies [...]
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When it comes to the amount of unclaimed money in Florida, the figures stand at over 2 billion owing to over 06 million people. How have so many people neglected their possessions, one may ask? And some, who are extremely speculative about the government’s motives, may have doubts about genuine claims made by the government. [...]
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What is the gift tax and how do you know whether you are subject to it? The gift tax is often misunderstood. The idea behind the gift tax is to prevent taxpayers from attempting to avoid the federal estate tax by giving money and assets away before they actually die. That said; however, citizens are [...]
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By the end of November 2010, U.S treasury held over 33 billion worth of unclaimed money where unclaimed money in California contributed to a good 6.1 billion of it. While these numbers are predicted to grow over and above in the coming few months, the state department has also initiated a few strategies to control [...]
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Like with any other states, Indiana too has a higher proportion of unclaimed money. It’s estimated to be around 350 million dollars lying in the Indiana unclaimed money. There’s been an increasing trend for states to take over unclaimed property every year and Indiana is no exception to that. The Indiana unclaimed money lying in [...]
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An inheritance tax is a type of tax that is paid on the value of property and money that passes to an heir when the original owner dies. The inheritance tax is not the same as the estate tax, although the two are often confused with one another. In the United States, the federal government [...]
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It’s estimated that 40 billion dollars as of 2010 were accounted as unclaimed money by the US government. Furthermore statistics have shown that every 7 out 10 people in US as a whole are entitled for unclaimed money. Out of this Texas unclaimed money accounts up to 3 million dollars alone. This means that the [...]
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Over a period of time, we all tend to lose track of records as to the places we worked, taxes paid, insurance, money invested in stocks, bonds etc. This is the reason for 40 billion dollars to be accounted as unclaimed money by the US government. Each state has their numbers when it comes to [...]
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Have you ever lost money and claimed back? The answer for this question will most probably be ‘Yes’. Let me ask another question. Do you know that you have lost money and forgot to claim back? Now you may take some time to think about my question. If you are careful and detailed enough, you [...]
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All across the US, almost all the states maintain a state government department for unclaimed money and property. When it comes to Texas, there is no difference. Let’s talk about some shocking statistics about unclaimed money Texas. According to the official statistics, 25% of Texas people have unclaimed money. Isn’t it a shocking figure? But [...]
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