• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • Our Firm
    • About Our Firm
    • Attorney and Staff Profiles
  • Services
    • Asset Protection & Business Planning
    • Elder Law & Medicaid Services
    • Estate and Gift Tax Figures
    • Estate Planning Services
    • Family-Owned Businesses & Farms
    • Legacy Planning
    • LGBTQ Estate Planning
    • Pet Planning
    • SECURE Act
    • Special Needs Planning
    • Trust Administration & Probate
  • Elder Law
    • Coping With Alzheimer’s
    • Emergency Medicaid & Nursing Home Planning
    • Guardianship & Conservatorship
    • Hospice Care
    • Medicaid Planning
    • Veterans Benefits
  • Seminars
  • Areas We Serve
    • Ballwin
    • Chesterfield
    • Clayton
    • Creve Couer
    • Des Peres
    • Edwardsville
    • Fenton
    • Glen Carbon
    • Glendale
    • Kirkwood
    • Maryland Heights
    • Oakland
    • Sappington
    • St. Louis
    • Sunset Hills
    • Valley Park
    • Webster Groves
  • Resources
    • Asset Protection Worksheet
    • Elder Law Resources
      • Chesterfield Elder Law
      • Fenton Elder Law
      • Kirkwood Elder Law
      • Sunset Hills Elder Law
      • St. Louis Elder Law
      • St. Peters Elder Law
      • Webster Groves Elder Law
    • FREE Estate Planning Seminars
    • FREE Estate Planning Worksheet
    • Frequently Asked Questions
      • Estate Planning
      • Families Without an Estate Plan
      • Legacy Wealth Planning
      • LGBTQ Estate Planning
      • Trust Administration & Probate
    • Is Your Estate Plan Outdated?
    • Medicaid Resources
    • Multimedia
    • Newsletters
    • Presentations
    • Pre Consultation Form
    • Probate Checklist
    • Probate Resources
    • Retirement Planning Checklist
    • Special Reports
      • Advanced Estate Planning
      • Basic Estate Planning
      • Estate Planning For Niches
      • Trust Administration
  • Reviews
    • Our Reviews
    • Review Us
  • Blog
  • Contact Us

Amen, Gantner & Capriano | Your Estate Matters, L.L.C.

St. Louis Estate Planning & Elder Law Attorneys

Logo
CONNECT WITH US TODAY (314) 966-8077
ATTEND A FREE WEBINAR
Home / Financial Planning / Could You Be Rich and Not Know It?

Could You Be Rich and Not Know It?

July 25, 2013

Financial Planning, General Tagged With: unclaimed money

Billions of dollars are just waiting to be claimed by people all across the country just like you. Sounds too good to be true doesn’t it? Well the fact is that it is true. Billions of dollars are being held by the individual states in their “unclaimed money” departments just waiting for the rightful owners to claim the money—and you could be the rightful owner!

Money held as unclaimed money can come from many sources; however, one common source is life insurance proceeds. When a policy holder dies, the life insurance company that underwrote the policy is required to pay out the policy proceeds to the named beneficiaries in the policy. That is, of course, assuming that they know the policy holder died and that they can locate the beneficiaries. Often, the term on a policy expires and the company cannot locate the policy holder, meaning they do not know if he or she is dead or alive. More often, a company receives notification that the policy holder died, but they cannot locate one or more beneficiaries. When this occurs, they are required to send the money to the state for safekeeping until the rightful owner claims the funds.

To find out if you are due any unclaimed money, you must check each individual state. Although there are companies that will do it for you, you can usually take a few hours and search the internet yourself to determine what office in each potential state handles their unclaimed money and how to search their records. You never know, you could be rich and not even know it!

 

  • Author
  • Recent Posts
Paul Gantner
Latest posts by Paul Gantner (see all)
  • Staying Current is Especially Important in the Pandemic - November 17, 2020
  • Staying Current is Especially Important in the Pandemic - October 1, 2020
  • How Will You Age in Place and Be Able to Die at Home? - August 16, 2020

Filed Under: Financial Planning, General Tagged With: unclaimed money

Other Articles You May Find Useful

Tax Planning for 2021
Amen, Gantner & Capriano | Your Estate Matters, L.L.C.
Is It A Good Idea for My Parents to Give Me Their Home?
Amen, Gantner & Capriano | Your Estate Matters, L.L.C.
Is a Family Wealth Trust Only for the Rich?
Amen, Gantner & Capriano | Your Estate Matters, L.L.C.
How Do You Fund Your Trust in St. Louis?
Amen, Gantner & Capriano | Your Estate Matters, L.L.C.
Is A Family Limited Partnership in Missouri Right for Our Family?
Amen, Gantner & Capriano | Your Estate Matters, L.L.C.
How to Handle an Inherited IRA

Primary Sidebar

Download our free Estate Planning Worksheet

There's a lot that goes into setting up a comprehensive estate plan, but with our FREE worksheet, you'll be one step closer to getting yourself and your family on the path to a secure and happy future.
  • This field is for validation purposes and should be left unchanged.

Follow Us

  • Facebook
  • twitter
  • linkedin
  • youtube

Blog Subscription

  • This field is for validation purposes and should be left unchanged.

Where We Are

Amen, Gantner & Capriano
10733 Sunset Office Drive, Suite 425
St. Louis, MO 63127

See Larger MapGet directions

Office Hours

Monday8:30 AM - 5:00 PM
Tuesday8:30 AM - 5:00 PM
Wednesday8:30 AM - 5:00 PM
Thursday8:30 AM - 5:00 PM
Friday8:30 AM - 12:00 PM

Map

map for Amen, Gantner & Capriano Your Estate Matters office
  • Advantages of Working With Our Firm
  • About The American Academy
  • Disclaimer
  • Privacy Policy
  • Sitemap
  • Contact Us

Footer

Connect to us

  • Facebook
  • twitter
  • linkedin
  • youtube
footer-logo

© 2021 American Academy of Estate Planning Attorneys, Inc.

Amen, Gantner & Capriano,
Your Estate Matters, LLC

Attorney Advertisement