April 12, 2009
Searching For Unclaimed Funds in Illinois – Part 2 of 2
(Part 2 of 2)
The Illinois State Treasury has given back more than 432 million dollars since it took control of 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 every year, 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 search regularly, not just once. Money belonging 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 asset has its own dormancy period within each state, after which state laws require the holder to hand it over to the state who will then hold it until the true owner comes forward to claim it.
Additionally, residents of Illinois may 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 uses an out of state insurance company can result in found money located 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 home to a large amount of money that is owed to its residents who just need to learn the right ways to search, where to search, and how often to search. Learning these search tips from locators with years of experience in this field can greatly enhance your abilities to locate your money.
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Forgotten money bears interest – The Columbus Dispatch
The Ohio Supreme Court has handed a little tax-season gift to thousands of people who have drawn money from the state's unclaimed-funds account over the past 18 years. People who have received funds from the account since 1991 are entitled to …
Unclaimed funds? Now get interest – Cincinnati.com
Since the 1960s, the state has held in a trust fund millions of dollars from uncashed checks and dormant banking and other accounts. A 1991 amendment by the Legislature specifically stated that people who come forward for the unclaimed money cannot …
State helps solve mystery of lost assets – Courier-Post
Tom Noe of Audubon recently read a Courier-Post newspaper and found his name listed among thousands of others in a legal advertisement of unclaimed money being held by the state. On Tuesday, he drove to a Burlington County seminar to talk to state …
Feb. 28 Powerball jackpot still unclaimed (The Philadelphia Inquirer)
Six weeks have passed since someone – the world is still wondering who – went to Plymouth Meeting Mall and bought a Powerball ticket worth $46.6 million.
You May Have Unclaimed Money or Property Waiting For You (KKTV 11 Colorado Springs)
Need some money? Well, the government may have some for you. The state of Colorado is trying to give back $450-million to more than one-million people. It's all unclaimed money and property.






















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