I’ve heard it before. I have never tried it though. Apparently, for some reason - there are situations in the U.S. where money is due to individuals but the fact is it remains unclaimed cash. What situations could possibly be where money is due but not given to the proper individual? There are several reasons.

Overpaid taxes could be one. If you have moved quite a bit and you have overpaid your taxes, more than likely a check would have been sent to your address after your 1 year forwarding program at the Post Office has expired. Since you have moved and possibly have left no forwarding address, the check will be returned to the sender. In this case, the government.

Another way is more likely due to a person’s passing. The wife or the husband could be entitled to inheritance that could be considered cash unclaimed. However, due to strict regulations, the government cannot just issue you a check if you claim to be the wife or husband of the deceased. There could have been CD’s, safe deposit boxes, or insurance policies that were unknown to the spouse prior to their spouse’s passing. That’s another scenario.

I remember a friend of mine in her 40’s. Her husband accidentally died of a heart attack. Luckily, the husband wrote out a will that included all assets be given to his wife. My friend was told that a condominium property in her late husband’s name is currently being rented out to traveling businessmen in the Philippines. Actually, we even visited the place while I was visiting Manila. It is a studio, nothing big - but the property values in that area has soared to grave proportions. It is the only condominium complex in that area where parking spaces are provided. The parking space is even worth a lot of money.

Cash unclaimed could have been accumulated for so many reasons and might be an opportunity that could provide you cash in your pocket. So, make sure that you know about your spouse’s business specially when it comes to finances. You’ll never know if you will end up in a situation like my friend did.

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