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Every year, millions of dollars in British Columbia goes unclaimed in dormant credit union accounts, forgotten insurance payments, unclaimed wages, overpayment to debt collectors as nicely as unclaimed proceeds from courts, tax offices and unadministered estates and intestates (death without having a will and next of kin cannot be notified). If the auto is sold at auction, it will possibly generate a massive portion of the income raised at the auction. Property is regarded unclaimed when there is a lack of activity generated by the rightful owner of the house. If money is in somebody else’s name, you will also have to supply proof that you’re the beneficiary, such as a copy of the deceased’s will. Effectively holding it and then returning it to the finder if unclaimed is a whole different kettle of ball games.
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