Unclaimed Cash in Michigan Reportedly In the Billions

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) November 26, 2011 -- November 26, 2011, Huntington Beach, Ca – The Michigan State Treasury recently reported that it is holding onto billions of dollars in missing money. This money is said to come from dormant bank accounts, uncashed checks, valuables left in safe deposit boxes, stock certificates and more. Now, the state is turning to a new database that will hopefully reconnect the rightful owners to this missing money.

Cash Unclaimed is considered one of the world's largest database for missing money. Subscribers to the service are able to conduct a free money search that it is hoped will ease some of the pressure on the Michigan State Treasury to locate the rightful owners or heirs. The State of Michigan is considered a custodian state, which means that residents can claim the missing money at any time after the discovery of said funds. And according to Gonzalo Llano of the Michigan State Treasurer's office, "The funds stay here forever until they are claimed by either the property owner or their heirs until they are claimed by either the property owner or their heirs should the property owner be deceased."

The state urges all residents to search for unclaimed cash in Michigan, as are many other states that are also holding onto billions in missing money. Cash Unclaimed searches the Michigan State Treasury database as well as other Sate and Government Treasury databases in order to locate any lost funds. The database also offers a premium service that will verify the identity of the individual conducting the search, as well as help claim the missing money when and if it is found.

About Cash Unclaimed: Considered one of the world's largest databases for conducting free missing money searches, Cash Unclaimed is now hoping to help Michigan residents reclaim billions of dollars in unclaimed cash in Michigan treasuries. Since Michigan is a custodian state, the missing money will sit in Treasury accounts forever until the rightful owners or heirs are located. The custodian state title also means that residents can claim the missing money at any time after said funds are discovered. Cash Unclaimed hopes to reconnect the rightful owners and heirs to all the missing money in Michigan and all other 50 states. The unclaimed cash in Michigan is usually handed over to the state when a company or government entity reports the money abandoned or unclaimed. To conduct a free money search for the billions in missing money now being reported by Michigan's Treasury and many others nation-wide, visit: http://www.cashunclaimed.com/press/news-releases/michigan-state-claims-billions-in-missing-money/ .

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