Are you of the opinion that you are in possession of every cent you own? Are you of the opinion that every dollar you own is within your knowledge? Well, then let me tell you that you are wrong. In fact, you are not the only person around who is having this wrong opinion. Eight out of nine families are owed missing money but are not aware of the same. Read ahead to find out how you and your family is the owner of
missing money.

What are the sources of missing money? The source may range from the old checking or saving account that you had opened and which you have forgotten. It can even be the money you deposited in your child's account, which was never withdrawn If not savings or checking accounts, the money in the stocks, bonds or even dividends may have become unclaimed money.

Further sources of unclaimed money include money owed from old insurance policies, from old employers, from your divorced spouse towards alimony or even towards child support payments.

If the company or the institution in possession of your money finds itself unable to contact you for a period of three years, the escheat laws required the money in the possession of the company or institution to deposit the money with the government.

Once this is done, the governments hold the money until you claim the same. The total sum of unclaimed money exceeds thirty five billion dollars. What does this imply? A large number of persons have not claimed the
unclaimed money and many do not even know that they are owed unclaimed money.

Do you want to search for the unclaimed money owed to you? You just have to search the databases of the state and federal governments. However, these databases are individual databases. This implies that you must perform fifty individual searches

for the fifty states and additional searches for federal agencies to find all the unclaimed money owed to you.

Rather, you ought search in all-in-one databases. This database would contain information present in all the databases.

One such all-in-one database is
Cashunclaimed.com. Its owner, Bill McIntosh, opines that searching the state databases individually is an inefficient solution. The problem of unclaimed money is growing at such a rapid pace and the sums involved are so high that there always is the possibility of information being overlooked.

When you do find the unclaimed money owed to you, do not make the mistake of
simply rejoicing and doing nothing about it. It is very important to claim your missing money.

The process of claiming the money owed to you is pretty simple. The claim must be filled out and officially submitted to the

state or the federal government that is holding the money for you. Each unclaimed money account will require a single official claim.

The procedure requires you to offer some proof of identification. Normally, the driver's license or the birth certificate is sufficient proof. Some claims, like inheritance, require additional documentary evidence establishing the right of the heir to claim the money. This may include death certificates as well.

Normal procedure involves reviewing of the claim after the submission of the same. This is done and the money is sent within 2 to 16 weeks.

If you do get around to searching for the money owed to you, do not make the mistake of searching for your name only. Search for the money owed to your family and your friends as well. Every small search counts a lot.

With this knowledge under your belt, you should not face any problems in finding the missing money owed to you.