The Significance of National Unclaimed Property Day Every year, National Unclaimed Property Day serves as a crucial reminder of an often-overlooked aspect of financial planning: safeguarding our assets. Surprisingly, many of us are unaware of this day and the significance it holds. It's a day dedicated to raising awareness about unclaimed property – a term that encompasses everything from forgotten bank accounts to unclaimed dividends. As of April 2023, $70 billion dollars in unclaimed property lie in state treasuries across the United States, just waiting to be claimed.
The Hidden Challenge: Death and Unclaimed Property But why does property become unclaimed? One primary reason is the death of the property owner. When individuals pass away without leaving clear records or instructions about their assets, these assets often become lost in the maze of estate settlement, eventually joining the ranks of unclaimed property.
Best Practices for Asset Protection The challenge, then, is ensuring that our assets do not fall into this category, especially in unforeseen circumstances like death. While regular updates and reviews of our asset records are essential, and informing family members about the location of crucial documents is helpful, these methods have their limitations.
Prisidio Digital Vault: Your Ultimate Asset Safeguard This is where Prisidio's digital vault comes into play. Prisidio is not just file storage; it's a comprehensive solution for managing and safeguarding all that matters to you. Whether it's your social security card, details about your home, or important family valuables, Prisidio helps you keep track of everything of financial, intrinsic, or sentimental value. Its unique features allow you to relate and find items. For instance, linking your spouse's passport to their profile and then to the physical location of the document, like a safe.
Securing Your Legacy with Prisidio But Prisidio's real power shines in its ability to secure your legacy. By assigning a Co-Owner and Keyholder, you ensure that if something happens to you, or both you and your Co-Owner, your appointed person can access your vault. This access is crucial for ensuring that all your assets are accounted for and do not become part of the unclaimed property statistics.
A Practical Scenario: Prisidio in Action Imagine a scenario where, after an expected or unexpected event, your family struggles to locate your important documents and assets. With Prisidio, they wouldn't have to. Everything would be organized, accessible, and secure in your digital vault, making the process of managing your estate smooth and stress free.
Getting Started with Prisidio Getting started with Prisidio is easy, and to celebrate National Unclaimed Property Day, we're offering a 14-day free trial. This trial is an excellent opportunity for you to experience firsthand how Prisidio can transform the way you manage and protect your assets.
Conclusion: Take Action on National Unclaimed Property Day National Unclaimed Property Day is more than just a reminder of what we might have lost; it's a call to action to safeguard our future and legacy. By utilizing tools like Prisidio's digital vault, we can ensure that our assets are well-managed and protected, providing peace of mind for ourselves and our loved ones.
