Over the years, the issue of unclaimed money has been debated again and again. Who does this money belong to? To get a better understanding of the matter, let us understand what exactly is unclaimed money. If a person dyes or vanishes without relatives to claim his or her money and property, then all his possessions are said to be in the unclaimed category.
So does it really happen? Yes. Today many African countries are torn apart by strife. People who were happy and smiling one day vanish the next. All their money remains unclaimed in European or American banks.
Let me quote a classic example of unclaimed money in history. After the devastating Second World War, the Jewish holocaust victims never returned to claim their funds from Swiss banks. All this money by law reverted to the nation and went into the government. All the former soviet allies in the east European region having communist governments also followed the same principals and appropriated the funds for their use.
Almost sixty years later, the Jews demanded this money from the Swiss. They declared that the government had to pay a certain amount as compensation for the funds taken. In reply to this, the Swiss had to pay over a billion dollars to the Jewish people. Today, the Jews have forced many countries to pay back all the money they had taken. Are they right to demand those funds?
There are critics who do not agree with the Jewish people. As I said earlier, unclaimed money are those funds that have not been claimed by any relatives after a person's death. So what rights do the Jews have to claim money in the name of people dead long time back without any relatives? If communities can make such claims, then all our community members are our relatives and any property we leave on dying without relations and proper setup through a will should revert to the community or society. Meaning which I mean the countries where the communities reside.
However courts in many countries have a law that if a property belongs to somebody then anything and everything on that particular sight belongs to that individual. If this is the case, then the unclaimed funds should rightfully belong to the countries they were invested in. If we follow this principal, then the Jews are making unfounded claims on money they never owned nor earned as individuals.
Do we have an answer? Well, the debate still rages. The Swiss banks paid up the money to the Jews. This proves to some extent that people believe in money for the community. Or was it sympathy? May be they did not want to look hard hearted in front of others.
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My limit is 300 pound daily if i take the full ...
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my limit is 300 pound daily if i take the full amount at 3pm what time can i take more cash
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Hello, does anyone know if its true when AOL does an agreement with someone saying that every email they send out can help them raise money?
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Donald Schnell "The Money Doctor" anyone dealing with or heard of this man?
Confederate moneys value
By: Jim | 21-07-2008
A relitive left me 2 $10.00 bills 1864 confederate they are in plastic and graded by a company PMG they are graded 63 choice uncirculated and they have consecutive serial numbers. Can you tell me there value if any.
Typical Family Situation
By: Gregg | 21-07-2008
I am co-executor, with my Brother of our Mothers will made and probated in Pennsylvania. I had held the account in our Mothers name without changing it over to an Estate account. All of my Mothers obligations were being paid while my Brother argued over whether it required probate at all, as the estate qualified for a Small Estate Affadavit. ( under $ 25,000.00 ) He walked into the bank where the account in her name and not the Estate was held and had it closed. I asked him why he did this in light of on-going obligations of the Estate. He said he would only allow payments to be made once the will was probated. I agreed against my better judgement because of his on-going recalcitrance in all Estse matters and the will was probated and we were both accepted as co-executors by Probate.
He has again closed the Estate account because he alleged forgery against me for checks he signed for bill payments. The bank legal department and loss department have sent a letter denying his claim for re-imbursement and his allegation of forgery .
In a conversation with the bank officer, he informed me that he had closed the account on my Brothers hearsay essentially, and claims re-issued a check in the account name and that my Brother was taking legal action against me. I told the bank officer that we are both named as co-executors and that this appeared highly irregular because it requires two signatures to move the account. I asked for proof of this and again he said that my Brother would discuss this with me. All of this occurred three weeks ago and I stil have no information regarding the whereabouts of the remaining estate money. My Brother nor any attorneys have contacted me.
This seems fraudulent to me and I intend to ask many more questions of the bank.
Do I have any legal grounds against my Brother and the bank and must I now ask for a probate hearing ?
I have a bargain store in holiday fl, my partner ...
By: frankie | 20-07-2008
i have a bargain store in holiday fl, my partner gamble all the money away i am sitting in a empty store i need money to obtain product for my store can u help?
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