(Part 2 of 2)
As noted in a recent press release by the NM's Division of Taxation and Revenue, more than $98 million in NM unclaimed funds is in the government's hands and the money is just waiting to be discovered by owners who have misplaced their financial assets over the years. According to the state's press release, "New Mexico Unclaimed Property includes security deposits for utilities, bond money, insurance proceeds, income tax refund checks that were undeliverable and property abandoned in safety deposit boxes." Property from forgotten safety deposit boxes includes things like jewelry, comic books, old coins, other collector items and family heirlooms. NM Unclaimed Money Law requires these assets to be handed over to the state after 3 to 5 years of being 'dormant' or 'inactive'.
There are 000 owners of NM state unclaimed funds and chances are, they do not even realize they're missing money. Sometimes people move and don't remember to leave behind their new address. This results in undeliverable mail, which may include mailed checks or notices of inheritance or other financial documents. People also pass away without telling their next of kin about any financial assets they might have. There are several other reasons for monies getting lost and fact is, it is happening everywhere in the United States – especially now given the fast-paced lifestyles most people now lead. It's easy to forget about picking up final paychecks and retirement benefits when moving on to something new in one's life. Nationally, unclaimed funds now totals about $35 billion spread out over the 50 states and more is being added to that each year!
In ten years' time, more than $130 million in unclaimed funds in NM was collected from banks, the IRS, and other financial institutions throughout the state. The state is required to advertise owners names in the local newspaper of the last known address of the owners just once per year (every November), so this leaves a lot of room for unclaimed funds owners in NM to overlook their abandoned assets. The last known address may not be where the owner lives anymore, or there can be errors in the address on the letters. People should take the initiative and perform an unclaimed funds search in NM and other states, for that matter. Chances are great that you just might be owed government unclaimed funds in different states, especially if you have lived in or have relatives in several states.
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Some €90m in lottery prizes never claimed
A National Lottery spokeswoman said the total amount of
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Kentucky, Indiana and Ohio are holding onto more than $2 billion that they would love to give away, and some of that
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More than $400 million belonging to Nevada residents remain
AG speaks about unclaimed property
Millions of dollars in unclaimed property is sitting in the state's hands waiting for residents to claim their rightful property.





















