(Part 2 of 2)

Even though there are quite a few more, Illinois names the following as the most common sources of missing money: abandoned savings and checking accounts, unpaid wages or commissions, stock, bonds, mutual funds, un-cashed dividends, customer deposits or overpayments, credit balances, refunds, money orders, travelers checks, paid-up life insurance policies, safe deposit box contents. Anyone who has had or knows someone who may have had one of these types of accounts at one time or another is encouraged to search frequently.

The Illinois State Treasury has handed back over $432 million since it took control of the unclaimed property program in 1999, $84 million of which was returned in 2006 alone, but with 1.4 Billion dollars waiting to be claimed and more coming in all the time, the pile of cash will keep on growing.

Due to the fact that money is constantly added to the fund, it's very important to search regularly, not just one time. Money belonging to you might be added tomorrow, or next week, or next month, or depending on the type of asset in five years if that's the proper dormancy period. Each type of property 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 true owner comes forward to claim it.

Additionally, residents of Illinois might be owed unclaimed property in other states even if they've never lived in or even been to them. Items like insurance overpayments when an employer uses an out of state insurance company can cause found money to wind up in other states. Also, issues often arise when corporations are incorporated in another state.

The bottom line is that the state of Illinois is currently holding a large amount of money that belongs to its residents who just need to learn the right ways to search, how often to search, and where to search. Learning these search tips from experienced funds locators in this field can give you a boost in your abilities to track down your money.

–

Some checks from feds go unclaimed (Corvallis Gazette-Times)
Uncle Sam wants you -. to cash your tax-refund and stimulus checks.

Arizona may owe you money (KVOA Tucson)
The State has a vault containing over $600 million in unclaimed property and cash belonging to current and former residents of Arizona. Now, there is a website where you can check if any of the property

Man's Suspicious Request About Unclaimed Money Prompts Warning – Hartford Courant

Man's Suspicious Request About Unclaimed Money Prompts Warning Hartford Courant, United States - Nov 10, 2008 The reports list names and addresses of people who are owed unclaimed money, and sometimes Social Security numbers. That raises concern about the potential …