(Part 1 of 2)
The state of NJ has the greatest population density among the 50 states – averaging a whopping 1,030 people per square mile with 9 out of 10 of the people residing in an urban area. This could explain the fact that property taxes in the Garden State are the highest in the nation – twice the national average. According to a recent report by WCBS Newsradio however, 200,000 homeowners in NJ do not seem to know or care about that seeing as they failed to apply for $200 million worth of tax rebates.
Tax rebates are only one of the numerous potential sources of New Jersey unclaimed money and assets. Abandoned stocks, bank accounts, uncashed checks, unclaimed insurance and retirement benefits, cash and mineral deposits and even safe deposit box contents are all dealt with under NJ's Unclaimed Funds Law. All kinds of things have been discovered in the latter – a prosthetic leg, autographs of historical figures like General George S. Patton and Mae West, an $80,000 Tiffany bracelet and oddly old animal bones have been collected from deposit box contents abandoned by residents of NJ.
People often lose track of their assets when they change jobs or addresses, get married, or pass-away. Mailed notices or checks can get sent back to their senders when forwarding addresses are not left behind by the planned recipients. Under escheat laws, these forgotten funds are handed over to the state after a certain number of years which varies from asset type to asset type, and state to state. The site of the NJ Division of Taxation says the following about unclaimed money and assets: "Except as otherwise provided by this chapter, all property, including any income or increment derived therefrom, less any lawful charges, whether located in this State or another state, that is held, issued, owing in the ordinary course of a holder's business and has remained unclaimed by the owner for more than three years after it became payable or distributable is presumed abandoned. At the time that an interest is presumed abandoned under this section, any other property right accrued or accruing to the owner as a result of the interest, and not previously presumed abandoned, is also presumed abandoned."
(to be continued)
–
TSA cashing in: Absentminded travelers leave more than $400K in loose change behind at airports
DALLAS – In a mad rush – or maybe simple absent-mindedness – travelers left more than $409,000 behind at security checkpoints at U.S. airports in 2010.
Pop singer Jason Mraz has unclaimed money in W.Va.
West Virginia's treasurer wants Jason Mraz to come pick up his money.
Loose change: $1M cost for $400K donation
Jeff Miller (R-Fla.) that seeks to take about $400,000 annually in
TSA collects $409,000 in change lost during security screenings
"In 2005, Congress gave TSA the authority to expend
IMPORTANT: Bing News RSS feed has moved!
Go to the
(Part 2 of 2)
People tend to lose track of their finances when they change addresses or jobs, get married, or pass-away. Mailed notices or checks can get sent back to their senders when forwarding addresses aren't left behind by the would be recipients. Under escheat laws, these abandoned financial assets are passed along to the state after a certain number of years which varies from asset type to asset type, and state to state. The web site of the NJ Division of Taxation says the following about unclaimed money and property: "Except as otherwise provided by this chapter, all property, including any income or increment derived therefrom, less any lawful charges, whether located in this State or another state, that is held, issued, owing in the ordinary course of a holder's business and has remained unclaimed by the owner for more than three years after it became payable or distributable is presumed abandoned. At the time that an interest is presumed abandoned under this section, any other property right accrued or accruing to the owner as a result of the interest, and not previously presumed abandoned, is also presumed abandoned."
Some 42,000 residents of the Garden State recently claimed $88.4 million in a single year, but there are still hundreds of millions of dollars to be claimed belonging to over 1,200,000 people. Each of the 1,200,000 people are owed at least 50 dollars, but many are owed quite a bit more. Atlantic City, N.J. may be home to the annual Miss America pageant, but residents of the state should also look into something just as beautiful (if not more) – NJ unclaimed money.
Liberty And Prosperity is New Jersey's motto and everyone is indeed welcome to go check and do a search for unclaimed funds and make themselves a little more prosperous by taking back their lost assets. It can be as easy as going on-line and doing and unclaimed property search using a name . The tricky part though is doing a complete search, because it is possible to overlook pre-escheat funds and unclaimed property in different states.
–
Unclaimed money totals $2 billion One out of 10 Massachusetts residents has some money that they haven't claimed in years.
Jackson Hewitt® Reminds Taxpayers About More Than $1 Billion in States with the highest number of
REGION: Does the court owe you money? There's a lot of unclaimed money at the local court, and if it isn't claimed soon, it's headed for the court's coffers. The court's website has a list of people who are owed money.
(Part 1 of 2)
The state of NJ has the greatest population density among the 50 states – an average of 1,030 people per square mile with 90% of the people residing in an urban area. This might explain the fact that property taxes in the Garden State are the highest in the nation – double the national average. According to a recent story by WCBS Newsradio however, 200,000 homeowners in NJ don't seem to know or care about that seeing as they failed to apply for 200 million dollars worth of tax rebates.
Tax rebates are only one of the numerous examples of sources of New Jersey unclaimed money and property. Abandoned stocks, bank accounts, uncashed checks, unclaimed insurance and retirement benefits, cash and mineral deposits and even safety deposit box contents are all dealt with under NJ's Unclaimed Property Law. All kinds of items have been discovered in the latter – autographs of historical figures like General George S. Patton and Mae West, an $80,000 Tiffany bracelet, a prosthetic leg and oddly old animal bones have been collected from deposit box contents abandoned by residents of NJ.
(to be continued)
–
Bipartisan Bill to Spend According to the Transportation Security Administration (TSA), airline passengers have left behind roughly $400,000 in
Lost now there is a way to search for even more lost
Cash Dash visits Steger, Homewood Illinois State Treasurer Dan Rutherford attended recent Cash Dash events in Steger and Homewood to reunite people with
W.Va. treasurer says singer Jason Mraz has unclaimed money, likely from 2010 concert CHARLESTON, W.Va. – West Virginia's treasurer wants Jason Mraz to come pick up his money.
Daily Deals: The Very Real Risks From Bluntly: when daily deals expire, who gets to keep the
(Part 2 of 2)
Some 42 thousand residents of the Garden State recently claimed $88.4 million in just one year, but there are still hundreds of millions of dollars to be discovered, belonging to over 1,200,000 people. Each of the 1,200,000 people are due at least $50, but many are owed a lot more. Atlantic City, N.J. is home to the annual Miss America pageant, but state residents should also look into something just as beautiful (if not more) – New Jersey unclaimed funds.
Liberty And Prosperity is New Jersey's motto and everyone is indeed encouraged to go check and perform a search for unclaimed property and make themselves a bit more prosperous by getting back their lost cash. It can be as simple as going on-line and doing an unclaimed money search using one's name . But the tricky part is doing a thorough search, as it's possible to overlook pre-escheat funds and unclaimed property in other states.
–
PA Treasury Settlement Agreement With Philadelphia Sheriff's Office Makes $23.4 Million in "Pennsylvania's
Glendale assumes ownership of thousands of dollars in unclaimed money Eighteen people got a collective $11,470 back from the city at the last minute Tuesday before about $157,000 in unclaimed checks got shuffled into the city’s General Fund, which pays for public services.
Pa. holds $1.8B in Did you know the Commonwealth of Pennsylvania has about $1.8 billion in
Bipartisan Bill to Spend According to the Transportation Security Administration (TSA), airline passengers have left behind roughly $400,000 in
How to Find Your Missing Money Is there money out there that's yours, just waiting for you to claim it? It's possible.
|