The following article by Neal St. Anthony appeared in the Star Tribune.
The estate of the musician Prince has been estimated at $100 million-plus.
Add another $15,509.72.
The late Prince Rogers Nelson and his PRN Music have 17 unclaimed “properties” valued at $15,509.72 at the Minnesota Department of Commerce.
It appears that most of the items are royalty payments for use of music within the last two years.
Virtually all of the funds arrived within the past 2 years.
It’s likely that businesses sent the sent the checks to Prince’s address. For whatever reason, and he was a busy guy who probably wouldn’t have missed a few thousand here or there, they were never cashed, according to Commerce. After a certain period, state law requires that businesses transfer such unclaimed money to Commerce to be held in trust for owners or heirs.
“Even Prince, an international superstar, can have unclaimed property,” Commissioner Mike Rothman said. “An estimated one in 20 Minnesotans has missing money that is being held for them. In the past five years, we have returned $157 million to Minnesotans. The Commerce Department is committed to reuniting Minnesotans and their heirs with their missing money. I encourage everyone to check the searchable public database on our website.”
Did you know you can make money finding unclaimed money for other people?There is a little known business that lets you do that. Unclaimed money finders locate people that don’t know they money being held for them and help them to recover it.
In return, they charge a commission after the money is recovered.
Please click here if you would like to learn more about this business.
I don’t think people should be paid to help other people recover their money I think they should do it as a gesture
Debora,
That would be a great idea if finders didn’t have to eat, buy clothes, housing, and everything else needed to live and take care of their families. You can say that about anything then: police shouldn’t be paid to protect us, doctors shouldn’t be paid to treat us, firefighters shouldn’t be paid to save us, etc.
It’s a job like any other job that takes time and effort.