Claim Missing Money With Found Money®

In Georgia under the Unclaimed Property Act, when a company, institution or agency holds property that belongs to someone else, but has lost contact with the owner for a specified period, they must turn over the unclaimed property to the State. The State serves as the custodian for any property remitted under the Unclaimed Property Act allowing the owners or their heirs an opportunity to claim their property in the future.

"Anyone holding abandoned property in Georgia must remit it to the government when they have held the unclaimed property for a certain amount of time, which can range from 2-5 years", says Edward Palonek, founder of Foundmoney.com has been operating since 1994 where thousands of people have found a small fortune, by searching for unclaimed money. People find money in many places like street corners, old jackets, but few consider the idea of finding money online. The new trend is to search for money online.

Companies must report abandoned property to the State of the last known address of the owner. When the owner address information is unknown, incomplete or foreign, the holder company reports unclaimed property to their state of incorporation.
The places that unclaimed money can be found are:
Banking and financial organizations / insurance companies / utilities / dissolution of a business association or person / a fiduciary / a court, public corporation, public authority, public officer, or political subdivision.
Unclaimed property is in the form of, property issued or owed in the ordinary course of the holder's business, sums owing on traveler's checks and money orders, unclaimed court ordered refunds from business associations, gift certificates or credit memos, unpaid wages, employee benefit trust distributions and income, safe deposit boxes, bequeathed property, and intangible personal property (stocks, bonds, etc.) held or owing in this State.
According to Edward Palonek, some of the best ways to ensure that your money or assets do not become unclaimed are as follows;

Open all correspondence from businesses that handle your money, since by law they are required notify you before sending your money to the State; keep an accurate record of all financial matters, incase something happens to you, that way you can make sure that the people you love the most, are able to find the things you left behind; notify all banks and companies of a new address when moving; At least once a year, make a deposit or withdrawal on all bank accounts; Cash all checks received promptly; Contact the company immediately if stock dividends are no longer received; and

"There are millions and millions of dollars that become unclaimed yearly, so chances of finding some extra cash could be quite good. ", says Palonek.

Foundmoney will be launching a new online search method, the service will begin with the state of Georgia. More information will follow soon.