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The amount of unclaimed cash and property unwittingly owned by Americans has surpassed $1 billion in one US state.<\/p>\n
Stats from North Carolina\u2019s Treasury Department show residents have a significant pile of essentially free money waiting for them, reports<\/a> the Charlotte-based NBC-affiliated news station WCNC.<\/p>\n The unclaimed assets are hiding in a long list of places including forgotten bank and safe deposit boxes, owed from utility deposits and insurance overpayments, left behind from family members and stuck in uncashed checks.<\/p>\n About 10% of Americans likely have unclaimed assets in their name, according to the National Association of Unclaimed Property Administrators.<\/p>\n Most of the assets in questions are held by individual states, and in North Carolina the state treasurer is in control.<\/p>\n The National Association of Unclaimed Property Administrators has a website<\/a> dedicated to unclaimed property, and the organization says it\u2019s helped 10\u2019s of millions of people track down more than $4 trillion in assets.<\/p>\n A significant amount of money is also in forgotten 401(k) accounts, and the financial resource platform Bankrate has outlined a number ofways that people can track them down.<\/p>\n One is to\u00a0search<\/a>\u00a0the Department of Labor\u2019s website, which maintains records of public and private sector businesses that provide employee benefit plans.<\/p>\n Bankrate also\u00a0recommends<\/a>\u00a0people contact their former employer directly and ask human resources to look up whether you took part in a 401(k) plan.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
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