What Is Unclaimed Money and How Does It Happen?
In Bronx, NY, many residents may be unaware that they could have unclaimed money and property waiting for them. Unclaimed money refers to funds or assets that have been left untouched or forgotten by their owners for a long time. This can include forgotten bank accounts, uncashed checks, insurance payouts, or even safe deposit box contents. When these assets go unclaimed, they are handed over to the state or financial institutions, where they remain until claimed by the rightful owner. Understanding this concept is important because it means there could be money that belongs to you just sitting unused.
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