Unclaimed Property is money owed to people and companies that gets turned over to Delaware when companies can't find people to pay it back. For example, if you move and you don't tell your utility company your new address, they don't know where to send your refund check. In this case they would turn the money over to Delaware as Unclaimed Property. Delaware would then hold it until you come and claim it. Some states take the money after a certain number of years, while some hold unclaimed funds indefinitely.
Here's the important thing - you could have free money waiting for you!
Total Unclaimed Funds
Three Hundred And Seventy Five Million Dollars
Average Claim Size
$1,925 to $3,850
Claims Per Year
One Hundred Million dollars
According to this May 2022 Delaware Unclaimed Property Website article, the State of Delaware is holding over Three Hundred And Seventy Five Million Dollars in unclaimed funds.
Over Nine Hundred Thousand people live in Delaware, so that means Delaware is holding over $385 per resident! Not every resident has unclaimed funds, so that means the average claim is much higher. Usually 1 in 5 to 1 in 10 people have unclaimed assets waiting for them, which would make Delaware's average claim between $1,925 and $3,850.
In just 2021, Delaware returned an astounding One Hundred Million dollars to people with unclaimed money and property.
Some common examples of unclaimed propert include:.
Many times people forget they have accounts open with companies, or move companies that owe them money can't find their new address. For exampe, electric companies, natural gas companies, phone companies, and others often owe people money when they move, but can't find the person's new address to send them a check. After a certain time period the company must turn that money over the the state, and the state holds it until the owner comes to claim it. Approximately 1 out of every 10 people in the US have unclaimed money waiting for them, they just have to claim it.
You can search for and and claim unclaimed assets on the Delaware's official webste.
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