Maximizing Your Unclaimed Property from Colorado: Tips for Maximizing Additional Funds

Did you know that there might be unclaimed property or money that belongs to you?

The Colorado State Treasurer’s Office is reminding Coloradans about the importance of checking for unclaimed property and the potential windfall it can bring. In the last fiscal year alone, The Great Colorado Payback returned almost $50 million to nearly 55,000 claimants, with the average claim amounting to $1,832.

Let's explore tips on how to maximize the additional funds you earn from claiming unclaimed money or property.

1. Start the search
   
   The first step towards maximizing your funds is to thoroughly search for unclaimed property. Visit the website colorado.findyourunclaimedproperty.com, where the Colorado State Treasurer currently maintains a list of over 1.7 million names and over $960 million in unclaimed cash waiting to be reunited with rightful owners or heirs. Enter your information and search for any unclaimed property that might belong to you.

2. Be proactive
   
   Don't wait for an email notification to prompt your action. Regularly check the website mentioned above and search using your name and any variations you have used over the years. Additionally, it is recommended to check for unclaimed property for deceased family members and loved ones.

3. Gather necessary documents
   
   When making a claim, you will need to provide certain documents as proof of your identity and ownership. These may include a copy of your photo ID, proof of address, and any relevant supporting documents such as old bank statements or utility bills. Being prepared with these documents will streamline the claims process and maximize the chances of a successful claim.

4. Follow the claims process thoroughly
   
   Each unclaimed property claim may have specific requirements and procedures. Read the instructions provided carefully and ensure that you follow them diligently. Missing out on any required steps might result in delays or even rejection of your claim. Submit all necessary documents promptly and accurately to expedite the process.

5. Spend your unclaimed money wisely
   
   When it comes to unclaimed money, prioritize paying off debts, investing in savings, and educating yourself on financial literacy to make wise and long-term decisions. This doesn't mean all your newly re-earned funds need to go to old debts. Explore other debt relief options, then budget the rest of your unclaimed money accordingly. 

Claiming unclaimed money or property can be a lucrative endeavor, providing additional funds that can make a difference in your financial situation. By following the tips mentioned above, you can maximize the chances of successfully claiming any unclaimed property that belongs to you or your loved ones.

Remember to be proactive in your search and stay updated with the latest information from the Colorado State Treasurer's Office. Start your search today and unlock the potential windfall waiting for you.

For more information and to begin your search, visit Colorado State Treasurer's Office - Unclaimed Property.