Florida is holding a staggering $2.7 billion in unclaimed assets on behalf of its residents. The state defines “unclaimed property” as a financial asset that is unknown or lost, or has been left inactive, unclaimed, or abandoned by its owner.
The most common types of unclaimed property are dormant bank accounts, unclaimed insurance proceeds, stocks, dividends, uncashed checks, deposits, credit balances, and refunds.
How to Find Your Unclaimed Assets
Florida has launched its own platform to help people find their unclaimed assets. In addition, the National Association of Unclaimed Property Administrators has a site dedicated to unclaimed property, and the organization says it’s helped tens of millions of people track down more than $4 trillion in assets.
A significant amount of money is also in forgotten 401(k) accounts. To track them down, you can search the Department of Labor’s website, which maintains records of public and private sector businesses that provide employee benefit plans. You can also contact your former employer directly and ask human resources to look up whether you took part in a 401(k) plan.
Don’t miss out on your chance to claim your unclaimed assets. Visit the Florida Department of Financial Services website or the National Association of Unclaimed Property Administrators website to start your search today.