(Part 2 of 2)

Although there are quite a few more, Illinois lists 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. People who have had or know someone who may have had one of these accounts at some point in the past is encouraged to search often.

The Illinois State Treasury has handed back over 432 million dollars since it took over the unclaimed funds program in 1999, $84 million 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 mountain of cash will keep on growing.

Due to the fact that money is constantly added to the fund, it's very important to check regularly, not just once. Money owed to you might be added tomorrow, or next week, or next month, or depending on the type of asset in 5 years if that's the proper dormancy period. Each kind 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 it until the rightful owner steps forward to claim it.

Further, residents of Illinois may be owed unclaimed funds in other states even if they have never resided in or even set foot in them. Items like insurance overpayments when an employer utilizes an out of state insurance company can result in found money located in other states. Issues often also come up corporations' headquarters are in another state.

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

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