Wednesday, June 10, 2009

Finding Free Money

By Don Steinmann
Don Steinmann's Investment Tip of the Week

There is a lot of money out there the has been turned over to state or federal government that might have your name on it. If a bank account was closed, a relative died who has some government bonds, a rebate check couldn't be delivered, it's turned over to state or federal agencies and held waiting for the owner to show up. Fortunately it's free and easy to find out if you have some money coming.

To check for EE US government bonds that are being held by the Treasury, visit www.treasuryhunt.gov. This includes bonds held by deceased relatives and bonds that have matured and are no longer paying interest.

To look across many states for property held by many state governments at one time, go to www.missingmoney.com. and select the 'all states' option.

But the best place to search is www.unclaimed.org. Click on the map for your state, and follow the directions on how to search for your missing money.

I just found some cash my sister and her son were owed by doing a quick search. Look for all your friends and relatives even if there is nothing for you. You might get a nice dinner out of it if you call them and tell them the government owes them money!