Mention AZ and picturesque desert sunsets and multi-hued walls of the Grand Canyon usually pop in to people’s minds. True, AZ’s massive Saguaro cacti and jagged horizons rival some of the planet’s best nature vistas, but there is a lot more to the 48th state than meets the eye. A few lesser-known facts: AZ is home to the endangered Apache Trout (found only in the state), the Petrified Forest, the beautiful ridge-nosed rattlesnake, and a whole bunch of pennies. AZ is the number 1 state in production of copper, but the Treasury Department has a lot more than just pennies sitting around. Hundreds of millions of dollars in Arizona unclaimed money are waiting for their rightful owners to step forward and take them home. But sadly, most current (and former) residents are not even aware that these AZ missing monies are waiting for them.
Jane Tressler, upon receiving a letter from Arizona’s Department of Revenue, was clueless about unclaimed money. “I got this letter and was really wondering why the Department of Revenue would need my Social Security number.” the AZ resident said. “It was telling me I had possibly some unclaimed property. I’ve been racking my brain trying to think what it could be, but I’ve come up with nothing.” After actually going down to the Department of Revenue to find out if her letter was legitimate, Tressler was pleasantly surprised she was actually owed unclaimed money from 10 shares of unredeemed Metlife stock worth 63 dollars each. “Six hundred and thirty dollars, well that’s OK!” announced the once skeptical unclaimed money owner. There are many more people out there just like Tressler, according to Daniel Corcoran of the AZ Department Of Revenue Unclaimed Money Division.
In this day and age of the world wide web, multi-cored home computers and PDAs that do everything but walk your dog, you might think life would be more organized. The more gadgets and tools we have at our disposal however, the more things we have to think about and the more complicated our lives get. Perpahs this is a partial explanation for the more than $400 million in AZ state unclaimed money languishing in the Unclaimed Money Division of the AZ Department of Revenue.
Unclaimed property includes financial assets like forgotten bank accounts, uncashed checks, unclaimed insurance and retirement benefits, stocks and stock dividends, even safe deposit box contents whose owners can not be found. The Unclaimed Funds Law in AZ requires these to be turned over to the state if not given back to their rightful owners usually after a period of 3 years. The proceeds are then held by the state as unclaimed money claimable at any time, but if you had AZ unclaimed money in your name, wouldn’t you want it now? Use today’s technology to work for you and find out if you are owed unclaimed property money without even having to go all the way downtown.
If you know where to look, performing an internet unclaimed money search can be quick and simple. The key is learning from AZ unclaimed money experts and putting their tactics in to action to help find your missing money.
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