(Part 2 of 2)

States do things like publishing names every year in local newspapers of the people who are owed property and setting up tables at local fairs to help awareness, but the message still just reaches a tiny fraction of the population. Even among the handful who are in the know about the potential to find these missing money, only a few know where to begin their search. Many fall in to the trap of believing that any old missing money site will do, while others don't realize that they need to search multiple times. There are quite a number of issues that uninformed searchers deal with, but those are the most common.

People often search the wrong unclaimed money websites because they are under the impression that any site that lets them type their name in to a search box will do. This couldn't be more incorrect. To start with, there are only a few websites that actually use the true state records, and even those are notoriously not accurate because they are not updated in real time. There are dozens of types of unclaimed money, but according to the State Treasurer's office, TN's most common are stock certificates, bank accounts, unclaimed wages, checks, gift certificates, refunds. Each type has its own "dormancy period", which is the amount of time that mus go by before the holder is forced to hand the monies over to the state to be held for the owners. Because of this, a search may not return any claims simply because the fund will not be turned over until the next month or year, or even for a number of years. This is why people should search regularly to be certain they've exhausted all avenues.

On top of the issues noted above, beginners will run in to quite a number of hurdles that will frustrate them in their searches. The only way for TN residents to be certain that they are performing complete searches is to educate themselves before they begin their search. The best way to do this is to copy how others are doing it. Why make the usual beginner's mistakes when you can learn from experienced searchers and put their techniques to work?

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