(Part 2 of 2)

Although there are quite a few more, IL lists the following as the most common types of missing money: 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. People who have had or know someone who may have had one of these accounts at one time or another is encouraged to search frequently.

The IL State Treasury has handed back more than $432 million since it took over the unclaimed money program in 1999, $84 million of which was given back in 2006 alone, but with $1.4 Billion waiting to be claimed and more coming in every year, the heap of cash will keep on growing.

Due to the fact that money is constantly added to the fund, it is 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 property in five years if that is the proper dormancy period. Each kind of property has its own dormancy period in each state, after which state laws require the holder to hand it over to the state who will then hold it until the rightful owner steps forward to claim it.

Further, residents of IL may be owed unclaimed money in other states even if they've never lived in or even set foot in them. Things like insurance overpayments when an employer uses an out of state insurance company can cause found money to wind up in other states. Issues often also come up corporations' headquarters are in another state.

The bottom line is that the state of IL is currently home to a large amount of money that belongs to its residents who simply need to learn the proper ways to search, how often to search, and where to search. Learning these search methods from experienced funds locators in this field can greatly enhance your abilities to track down your money.

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Panel advances budget measures – Log Cabin Democrat
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Big Brothers Big Sisters Gets Unclaimed Cash (KCRA 3 Sacramento)
Someone's unclaimed cash is going toward a good cause in Nevada County.

Millions in unclaimed cash awaits rightful owners – Caspar Star-Tribune
The state could be holding on to cash that actually belongs to you. More than $30 million in orphaned funds is waiting to be claimed by its rightful owners — so much money in fact that a division of state government is dedicated to overseeing the …

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JEANERETTE — The Jeanerette Police Department has more bicycles than it does police cruisers. Dozens of them line a storage shed behind the police station. Some of the older, more mangled bikes are piled into what could be called a small mountain …