Q6) Can you tell me how someone can end up in a situation where they are owed money and don’t know about it?
A) Hypothetically speaking, let’s say years ago Mary B. started a Xmas savings account at a local credit union. Every week a small portion of her check went into this account automatically. Sometimes Mary used the account around Xmas and sometimes she didn’t, so the account eventually grew in size. When she initially opened the account, she named her niece Joann P. as the beneficiary. When Mary B. died she didn’t mention Joann or the account in her will, so Joann had no idea about the funds. Somehow A.G.A. found out that the credit union had the funds belonging to Joann P. and entered into an agreement with her. After processing her claim, Joann P. received a check for $15,300.00. **Amount received varies according to the amount of the claim, investigation, and notary fees.