(Part 1 of 2)

Given that the Dept. of Finance's Division of Revenue took in over $364.9 in Delaware unclaimed money in the year 2006 alone, it's a safe assumption that the state is holding many more hundreds of millions, and likely over a billion dollars in lost assets, that belongs to regular people who simply need to come forward and claim it. There are tens of billions in abandoned assets nationwide, but Delaware houses a exceptionally large chunk of it because it is home to such a large number of corporate headquarters.

Aside from issues of not knowing how often and where to search, the majority of Americans do not know that they could be owed Delaware unclaimed property even if they've never resided in or even passed through the The Small Wonder. Over the years Delaware has become the go to state for planting a corporation's headquarters. When companies have locations and branches in a number of states, unclaimed paychecks will not be handed over to the treasury departments of those states, they will be turned over to Delaware. Because of this, a person hoping to locate missing money wouldn't find a record of their property in the state they live in, and would probably never check Delaware's records.

In addition to non-Delaware residents possibly finding unclaimed property in Delaware, Delaware residents could be owed cash from other states. For starters, there are plenty of companies that are incorporated in other states that have employees in Delaware, but there are other reasons, like insurance overpayments, that may leave a Delaware resident's abandoned funds stuck in some other state.

(to be continued)

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