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  How Money Is Lost    
     
 

Most people cannot believe that others are so careless as to lose their money, but it is much easier than you think, and you could easily have forgotten about money that belongs to you!

If you can check any of these boxes you could have lost money you know nothing about.

Money is most commonly lost or forgotten if:

 
     
You change address without informing all relevant financial institutions
You leave a company and lose contact with a pension scheme
A relative dies and the executors/beneficiaries of the estate do not identify the assets during the probate process
Relatives set up savings plans (e.g. for a grandchild) but details of the plan get lost
Building Society passbooks get lost and forgotten about
Policies you thought were worthless are cancelled
Institutions change their name and you lose track of who your policy is actually with now. You may not have known when a company was taken over or merged with another and changed its name
You take out an endowment policy with a mortgage and later cancel it
Old equity investments with unclaimed dividends are held
Small savings accounts are forgotten (often they accrue significant interest over the years)
Documentation is lost through disorganised personal filing
You may have forgotten about share privatisation issues or not known about bonus issues
   
   
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