January 14, 2012
Find Abandoned Assets in Delaware – Part 1 of 2
(Part 1 of 2)
Given that the Department of Finance's Division of Revenue took in over 364 million dollars in Delaware unclaimed money in 2006 alone, it is a safe assumption that the state is holding many more hundreds of millions, and likely over a billion dollars in lost cash, that is owed to the regular citizens who just have to come forward and claim it. There are tens of billions in missing money across the nation, but Delaware holds a disproportionately large share because it is home to so many corporate headquarters.
In addition to the issues of not knowing how often and where to search, the majority of Americans don't realize that they could be owed Delaware unclaimed funds even if they have never lived in or even passed through the The Small Wonder. Over the years Delaware has become the go to place for putting down a corporation's headquarters. When companies have branches and locations in multiple states, unclaimed payroll checks will not be handed over to the treasury departments of those states, they will be reverted to Delaware. For this reason, a person looking to find forgotten funds would find no record of their property in their home state, and would probably never check Delaware's records.
(to be continued)
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