And if you are one of the lucky ones, what should you do with your windfall?
At the end of September every year, the Department of Justice and Constitutional Development publishes a list of beneficiaries of unclaimed money from the Guardian’s Fund.
The Guardian’s Fund is administered by the Master of the High Court. Its purpose is to hold and administer funds which are paid to the Master on behalf of minors, those incapable of managing their own affairs, unborn heirs and untraceable beneficiaries. The Fund is also used to reimburse creditors from insolvent estates, liquidated businesses or as a consequence of dissolved trusts. In legal terminology, this includes those having an interest in the monies of a usufructuary, fiduciary or fideicommissary nature.
Read the rest of this article by Trevor Lee of Rosebank Wealth Group on Moneyweb.