life from your perspective

LifeLenz Home community library upload search store faqs contact
Ability to Change a Life
Elderly Woman on Welfare Receives $46,000.00

by lostmoney
Elderly woman in Phoenix Arizona, living on welfare and with her nine cats, was able to find peace through the receipt of over $46,000 in unclaimed property. By: Wayne Warrington Founder of LostMoney.com

I have received a tremendous amount of satisfaction helping over a million people locate their unclaimed property in America. Being in the business since 1979 I have seen it all, done it all and have discovered incredible family stories that have lead to money being left abandoned for generations.

With the unclaimed property accounts now totally over $1 trillion dollars we have discovered the motivation for government offices and corporate holders to find the beneficiaries is very limited at best.

Out of all the stories "cases I worked on" I have one which left me with the incredible feeling of satisfaction and drive to continue in this business for the next two decades.

In the early 1980s I was working on a sizable unclaimed account from a man that had passed away about 15 years earlier. He was never married and never had children so the trail for his heirs ran cold pretty fast. It was a difficult situation attempting to back track the family history since they had relocated several times across the country.

Well after several weeks of searching I discovered that the sole living heir to his unclaimed estate was an elderly woman residing in a poverty stricken neighborhood in South Phoenix. Our normal process was to send letters and call the beneficiary. Unfortunately her phone was disconnected and she was not responding to our letters. So, I got in my car one afternoon and drove out to her house.

What I found when I arrived was the most heart wrenching thing I could imagine. Carol Smith, whose name as been changed here for obvious reasons, was 68 years old, on welfare and social security with income that barely allowed her to pay for her house payment, electric and food for the table. Her table and her 9 cats.

The house was a mess. The odor was so bad I had a difficult time sitting still in her living room as we talked.

I asked her if she remembered her relative that had passed away. She did not, other than knew she was related to him. I asked her why she did not answer our letters. She pointed to the desk across the room covered with envelops mostly unpaid bills. She explained she could not longer bear to open her mail since these creditors were so mean to her.

Her phone had been disconnected for months and she was happy since the calls had stopped.

She had no family left whatsoever. She had no friends, no support and no one to call upon for counsel.

I explained the case I was working and the fact she was heir to a $46,000.00 estate. She did not understand half of what I was trying to tell her and most importantly all she could think of is a way to pay for the food for her family "the nine cats".

I left that day with all the paper work signed, copies of the documents I needed and identification to be able to prove her case for her.

Three weeks later I arrived with her check.

I handed her the check and felt incredible inside. As I started to leave I turned and said Carol, are you ok? Can you make it to the bank?

She looked at me confused and still unaware of what the $46,000 means and what to do with it.

The next thing I know, Carol and I are in my car and heading to the bank. After arriving at the bank, I asked for a bank officer. We met and discussed Carol's needs, her bills, her house payment, etc. We found that by setting the money aside in certain interest bearing accounts and with set dates for withdrawl and with safe guards built in that the money could pay all of her living expenses and bills for several years.

When I drove Carol home, she thanked me so much for the help. And then she asked me. Can I answer my phone now?

This to me was an incredible moment in my life knowing she would sleep well and had a guaranteed roof over her head and a friend at the bank to help answer her questions and make sure the money did not disappear or bills left unpaid.

Carol is one of the reasons my business, LostMoney.com has become a not-for-profit organization and is dedicated today to help millions of Americans recover their piece of the $1 trillion dollar unclaimed property pie and do so absolutely free of charge.

We ask only that once we help our members that our members help others by donating 10% of what we recover for them to their favorite charity or humanitarian cause.

Reader Reviews
Review by storykeeper at 10/16/07 22:10:01
I have searched around the net and there is no shortage of companies willing to find money owed to people. This money is being held by insurance companies, banks and even our benevolent government, that one way or another make it difficult to claim. Most all the companies I found charge sometime ludicrous fees to help. I am glad ther is someone willing to help and help other charities in the process. LostMoney is a cut above, putting principles over profits.
Rating: 3
Review by elyndon at 08/03/07 12:12:37
This is a wonderful example of how the system CAN work for the people. As most of us know, there are plenty of companies out there trying to make a quick buck off of someone else's money and it's good to see that there are really some good people out there and a reputable company willing to help and "give back". Cheers to you!
Rating: 5
Review by miriclaire at 08/02/07 17:05:20
I'm glad you are receiving such a positive response from your first post here.
Rating: 4
Review by tmcarlsonmn at 08/02/07 15:03:08
I just read your story which I found through your website. I wanted to express our thanks for the help your staff in Minnesota gave us with my mother's estate. It took almost 6 months to get all the paperwork through and with their help, and yours from what they told my wife, we could not have located the money without you. Keep up the great work. TMC
Rating: 5
Review by barbara at 07/31/07 18:06:29
I have friend who discovered that she had unrecovered money being held by an insurance company. The insurance company was sitting on it making money, while my friend had hit a rough spot in her life. When she discovered the money was owed to her, it really helped. If there are honest, knowledgeable people who can help others make their way through the bureaucratic maze, so much the better.
Rating: 4
Review by tomcormier at 07/31/07 17:05:22
I had an experience with one of those find lost money companies and it wasn't a very good one. It's great to hear someone is doing the right thing by these people. I wish I had known about this back then.
Rating: 4
Home | Editorial Guidelines | FAQs | Social Network | LifeLenz Store | Terms of Use | Privacy Policy
Copyright 2007 © LifeLenz. All rights reserved.