Is the State Holding Money for You?

May 30, 2011 by  

moneySEATTLE – The State of Washington may have money that belongs to you. Yes, it’s true and they have been trying to find the owners of this money. Sound too good to be true? Well for many, it’s not.

The reality is that over the years, the State has collected funds from many different sources with the intent of holding the funds until the proper owner can be found. However, finding these individuals can be difficult. People pass away, or move without leaving a forwarding address. When this happens, the State retains the funds and begins the process of locating the original owner, or their heirs.

What many people don’t realize is that these funds could be disbursed faster if State residents would help by checking on the website created to help people find out if any funds are being held for them. The site is ClaimYourCash.org or http://ucp.dor.wa.gov/

What did I find out when I went to the site and put in my own name? I had paid a deposit for electric service to a rental home I lived in back in 2001. I moved, and forgot to claim back my deposit when I stopped service! So I am pursuing my claim now which is about $75.

Admittedly, this isn’t a windfall that I’m likely to write home about, but I will write here about it and mention that the State of Washington says that approximately 40% of all Washington residents are owed back something if not a large sum. But don’t think my results are necessarily typical: some folks are owed thousands of dollars, due to estates passing to them without their knowledge.

The only way to really know for sure is to visit the Washington State Unclaimed Propery website and find out.

Can’t hurt, right?

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