Tuesday, November 10, 2009

Does Delaware Owe You Money?

The annual unclaimed escheat funds list will soon be released naming about 85,000 owners of unclaimed revenue in Delaware. The Delaware Division of Revenue releases this list every year and includes unclaimed money, stocks, bonds, wages, dividends, interest, etc. As required by statute, the money is reportd to the state escheator by corporations and other sources. Since Delaware is the state of incorporation, most large companies are incorporated here and they report abandoned funds to the state.

The funds, if not claimed, are turned over to the State of Delaware, often times amounting to several hundred thousand dollars.  If you feel you may have funds owed to you, simply go on line to: http://revenue.delaware.gov/.  Click on the Search the Unclaimed Property Database. You do not have to be a Delawarean to have unclaimed funds. Due to the shear volume of potential claimants, the process may take up to four months to receive your funds. Happy hunting!

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