Palonek Reminds Individuals And Companies To Check State And Local Unclaimed Property Records For Money That They May Have Forgotten Or Not Known About
Each State has their own unclaimed property rules on what is classified as unclaimed money, when it actually becomes unclaimed and what must be done with these assets by the holders of them. Once the unclaimed assets are handed over the State Comptroller offices they now become custodian of this abandoned property and they are responsible to safe guard the unclaimed property until its rightful owner(s) comes forward. This new found money is used by each state to help pay their ongoing operating expenses, which helps in keeping tax increases to a minimum.
The various ...




