Unclaimed Money Total is Over $800 Million in Tennessee

Unclaimed Money Total is Over $800 Million in Tennessee

Unclaimed Money Nashville TennesseeUnclaimed money, also known as unclaimed property totals have reached nearly $800 million in Tennessee.  The volunteer state estimates an unclaimed money total of over $789 million according to a report by News Channel 11 WJHL.  While most missing money claims average tens or hundreds of dollars, one lucky tennessean was awarded $1.2 million in the form of a stock her late husband took out that she was previously unaware of.  This was just one of the over $6 million unclaimed money accounts the state holds according to Shell King from the Tennessee Department of the Treasury.  In the article King went on to outline the process the state takes in reuniting missing money with its rightful owners or in some cases next of kin:

King said the department goes through a four-step process to try to reunite a owner with their money whenever unclaimed property comes into the division. She said the first step is to cross-check employer databases if the property has a social security number attached to it. “The second thing we do,” Kings said, “We actually send a letter to the last known address that’s been turned over. Third thing we do, we advertise names of those with unclaimed property in papers across the state… Every single piece of property is listed on our website [as well].”  King said people can even claim money for a deceased relative.”There’s a few more steps needed to claim that but our claim examiners actually work with individuals to help provide the documentation needed to verify their claim.” Tennessee returned a record-breaking 41,000 claims last year with the majority originating from people who discovered their name on the state’s website

Tennessee’s unclaimed money website is very well organized site with an online unclaimed money search that displays the owner name, property type, holder, and amount. In addition the site offers a section documenting the “what, how, why and when” of unclaimed money. In addition to you finding them, the division actively seeks to reunite you with your unclaimed money by mailing a claim forms to your place of work, last know address and more. This site posts info for holders. We rate this as one of the best state sites we’ve seen!

Tennessee State Page

 

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