[kvanbrunt2]

it’s called escheatment and yes it may be cheating but it goes back to old english law that required abandoned property be turned over the king. he owned everything. The laws are different for each state, but they do give notice to the last known address and then after that the state owns it. but these guys are silly. you can claim the money from the state. it is held for you. They should try going to the state web site and looking up their names and then claim the property/money. might be a good idea for all of us. found money.

[Whenifhow]

these guys are silly. you can claim the money from the state. it is held for you. They should try going to the state web site and looking up their names and then claim the property/money. might be a good idea for all of us. found money.
*****

If you listen to the video on the page - he was given NO notice. All of his info was correct - address and phone.

They did “claim their money” and it is in the process of being returned to them and several of their neighbors.

He mentioned a website in the video.

[Vermont Lt]

I have been collecting checks for elderly relatives who did not realize their ATT stocks split in 1984.

It has been a three year nightmare. The state has been very helpful in getting us every nickel and penny.

It is actually quite a process.

[Myrddin]

My Vanguard account almost got nailed. I have been receiving postal mail on the account to my Idaho home address for years. It seems that one small part of the account communications had my old e-mail address attached. The other part had my old San Diego street address...except with a house number keying error made by Vanguard. At this point, they couldn't reach me by e-mail or postal mail. They were prepared to hand my retirement account to the state. I had to send them a notarized change of address form with all the information they already had to "officially" pry the hands of the state off of my retirement. The e-mail had gone "bad" when my ISP retired the domain and ceased forwarding mail. The incorrect entry of my house number was an error at Vanguard...not my fault..that could have cost my retirement.

Vanguard sent me the official change of address form. I filled it out and had it notarized and returned to Vanguard. They acknowledged the update.

[monkeyshine]

Heirlooms kept in a safe box are auctioned. You can get the money but not the items. I think its a little funny that there are so many companies that have figured out how to charge your card every month/quarter/year for a product you buy once... yet banks will raid your account if you don’t use it once in 6 months.

Go to your accounts and set up recurring transfers every 60 days, send $100 from A to B, then from B to C, then from C to A and on and on. This way all the accounts will always have activity.