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Finding Lost Money

By Edited Nov 13, 2013 0 0

Most people have had the opportunity to have a savings account when they were young courtesy of their parents. This is usually the proper way for planning for your child’s future.  But more often than not, you will find that once the accounts have been handed down to them, most kids will forget about them once they become adults. The money is usually sitting in a bank safe waiting for the account holder to claim it. This provides one of the motivational factors about why one should find lost money in their name.

On top of forgotten bank accounts, there are various other instances when money is misplaced. Another instance when one should start on his task to find lost money is in missing assets which are found in safety deposit boxes. When valuables such as jewelry are forgotten in bank safety deposit boxes, they are usually sent to the government for safekeeping. So when you are on a mission to find lost money, it is also advisable to try and recall if there is anything you could have forgotten in some safety deposit box. If it is something that you do not know about, you should make investigation to show whether there is possibly some fortune for you.

When people take a life insurance policy they are usually investing in the future of their beneficiary because they will ultimately end up leaving one day or the other so one should make the best out of it. Many people will leave without informing their spouses or dependants that they had a life insurance so most people will not even bother to look up that information in the unfortunate circumstance that their loved ones pass. The insurance companies can do very little about the situation because it is the prerogative of the beneficiary to make the payment claims. So the money just sits idle waiting to be claimed. So when a relative becomes deceased and you suspect that he might have taken out a life policy, it is always apt for one to look around if not for anything else, just to satisfy their curiosity. In most cases you will be surprised to find that you may have been sitting on a gold mine.

There are other instances when one may have lost money and not know about it. This may include situations when one puts valuables in a safety deposit box. Another instance is where one has received cheques and forgotten to cash them. All these opportunities may give you the much needed financial boost especially in these hard financial times. Any extra dollar should be more than welcome.

With the availability of the internet and its various platforms, one should be encouraged to use it to find lost money through it’s vast database. You may be surprised to learn that a distant relative left you some money of which you haven’t yet claimed. You may also be surprised to find that there are some tax reliefs that you may have not known that had been awarded to you as a tax relief. These should be claimed immediately when one finds out about them in your quest to find lost money.



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