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Unclaimed Property: How Property Becomes Abandoned

There are quite a few variety of ways how property can becomes abandoned:

• If you moved and forgot to notify your bank or broker of your new address.


• If you left a job, but never returned to receive your last paycheck.


• If you bought stock, placed them in a "safe" place, and forgot them.


• If you had a distant relative who passed on, leaving an estate, but the heirs were never located.


• If you overpaid a credit card bill but did not use the credit.


• If you experienced an address change assigned to you for the 911 unique address effort but you did not move.


• If a regular account statement was inadvertently marked undeliverable and was returned to sender in error.


• If you have valuable accounts in a bank, with a broker or trader, trust or other safekeeping agent that you have not contacted in the most recent four years.


• If you received a check you did not cash.


• If your forwarding order with the post office expired.


• If you are holding bonds that were called or called early.


• If you have in your possession a gift certificate, certified check, cashier's check, or money order you haven't spent.

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