(Part 2 of 2)

Even though there are many more, Illinois lists the following as the most common sources of forgotten funds: credit balances, customer deposits or overpayments, safe deposit box contents, money orders, refunds, paid-up life insurance policies, travelers checks, unpaid wages or commissions, abandoned savings and checking accounts, bonds, stock, un-cashed dividends, mutual funds. Anyone who has had or knows someone who may have had one of these accounts at some point in the past is encouraged to search regularly.

The Illinois State Treasury has handed back more than $432 million since it took over the unclaimed money program in 1999, 84 million dollars of which was given back in 2006 alone, but with 1.4 Billion dollars waiting to be claimed and more coming in all the time, the heap of cash will continue to grow.

Because money is always being added to the fund, it is important to check regularly, not just one time. Money belonging to you could be added tomorrow, or next week, or next month, or depending on the type of asset in five years if that is the proper dormancy period. Each type of asset has its own dormancy period in each state, after which state laws require the holder to turn it over to the state who will then hold on to it until the rightful owner comes forward to claim it.

Additionally, residents of Illinois might be owed unclaimed money in other states even if they have never resided in or even been to them. Things like insurance overpayments when an employer utilizes an out of state insurance company can cause found money to wind up in other states. Issues often also come up corporations are incorporated in another state.

The bottom line is that the state of Illinois is currently holding a large amount of money that is owed to its residents who simply need to learn the correct ways to search, how often to search, and where to search. Learning these search methods from locators with years of experience in this field can give you a boost in your abilities to track down your money.

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Kansans Find $826K In Unclaimed Money At Fair (KMBC-TV Kansas City)
The Kansas State Treasurer's Office said that Kansans took home more than $826,000 in cash and property just by stopping by the Unclaimed Property booth at the state fair earlier in the month.

Unclaimed property: How to search for forgotten money – Bradenton Herald

Unclaimed property: How to search for forgotten money Bradenton Herald,  United States - Sep 15, 2008 DEAR SAVVY SENIOR:Can you tell me how to go about looking for any forgotten funds or unclaimed money left behind by my deceased parents? …

Unclaimed property auction to be held in R.I. (FOX Providence)
For the first time in almost a decade, the State of Rhode Island's Unclaimed Property division will hold a public auction to benefit taxpayers.

Unclaimed settlement money goes to WVU, Marshall – Huntington Herald Dispatch

Unclaimed settlement money goes to WVU, Marshall Huntington Herald Dispatch, WV - Sep 15, 2008 The lawyers for both sides agreed to give the unclaimed money to West Virginia University and Marshall University. Two orders signed by Raleigh County …