A Shorter But (Hopefully) Useful Note About ‘Hunting’.
This article is a bit shorter than some. I am traveling while I write this. (Yes, it is being prepared at an airport and on a plane.) For the reason why, please see last week’s piece. 1
Have you ever had that optimistic feeling you have a secret stash of ‘moolah’ you forgot somewhere? Such as in a long-forgotten bank or investment account? (Sure…it happens all the time to me…) Or, you received a letter from Florida’s Chief Financial Officer Jimmy Patronis that you have that forgotten financial account? Or from a for-hire service?
Well, there is a no-charge available service from the State of Florida called Florida Treasure Hunt. You can access the Hunt right here. The website will point a ‘hunter’ to the process to search for forgotten financial accounts. 2
Here are some interesting facts about forgotten funds and Florida Treasure Hunt (all from the Hunt’s website): 3
- One in five Floridians has unclaimed funds from a forgotten financial account
- Why Search? It only takes 30 seconds.
- $323 Million paid out to Floridians last year!
- One in Five chance you have unclaimed property
- It’s FREE! No cost to reclaim your funds
It is possible you may be contacted by a private search company. Those companies are allowed to assist, and they may charge certain fees, but – again – the Hunt is readily a self-serve process. For information on private search services, their limits, and the allowable fees please visit this webpage.
”Have you ever had that optimistic feeling you have a secret stash of ‘moolah’ you forgot somewhere?
This writer has done the Hunt for part of a prior job. It was, indeed, quick and simple. Give it a whirl. You never know what you may find! One final fact in that regard: “There is no statute of limitations on unclaimed property in Florida. Account owners, or their heirs, maintain the right to claim their funds indefinitely.”4
So…Tally ho! Happy hunting!
1 https://www.boginmunns.com/turning-60-legal-perspective/. Yippee…
3 Ibid at 1 above.
– For more information, call Philip N. Kabler of the Gainesville, FL office of Bogin, Munns & Munns at 352.332.7688, where he practices in the areas of business, banking, real estate, and equine law. He has taught business and real estate law courses at the University of Florida Warrington College of Business Administration and Levin College of Law and is the President-Elect of the Eighth Judicial Circuit Bar Association.
NOTICE: The article above is not intended to serve as legal advice, and you should not rely on it as such. It is offered only as general information. You should consult with a duly licensed attorney regarding your Florida legal matter, as every situation is unique. Please know that merely reading this article, subscribing to this blog, or otherwise contacting Bogin, Munns & Munns does not establish an attorney-client relationship with our firm. Should you seek legal representation from Bogin, Munns & Munns, any such representation must first be agreed to by the firm and confirmed in a written agreement.