January 9, 2012
Locate PA Unclaimed Money – Part 1 of 2
(Part 1 of 2)
Philly chocolates, cheese steaks, TastyKakes and soft pretzels are not the only nice things you can find in PA. There is also the Liberty Bell, Christmas trees (Indiana County is the Christmas Tree capital of the world), steel of course, and last but certainly not least… nice piles of cash. Actually, cash from Pennsylvania unclaimed money that is. You read that right – around one billion dollars in unclaimed property is with the PA State Treasury and it's just waiting to be claimed by the citizens it belongs to.
Owners of PA unclaimed funds are residents (or former residents) of the state who've either forgotten about or lost track of their assets by moving and changing jobs. People often forget to leave behind a forwarding address after they move and this ultimately results in undeliverable mail which can contain items like tax refund checks. Escheat laws dictate that forgotten funds be handed over to the control of the state after a certain number of years go by with the account lying dormant.
(to be continued)
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