(Part 2 of 2)

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

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 always being added to the fund, it is important to search regularly, not just once. Money belonging to you could be added tomorrow, or next week, or next month, or depending on the type of asset in 5 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 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 may be owed unclaimed money 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 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 massive amount of cash 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 find your money.

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Billions in benefits go unclaimed – BBC Business
A calculation of take-up of the five key benefits showed that the estimated amount that went unclaimed shifted up slightly compared with a year earlier. Overall unclaimed funds from the five benefits ranged from £6.3bn to £10.5bn, or 15% to 23% of …

Hungry Palm Beach County residents failing to claim $83 million in … – Palm Beach Post
WEST PALM BEACH — More than $80 million in food stamps available to Palm Beach County residents is going unclaimed, the head of the county's food alliance told commissioners this morning. Alex Stevens, director of the county's community food …

Seattle police use web site to sell unclaimed items – Tacoma News Tribune
Seattle police and the King County sheriff's office are getting more money from unclaimed goods, now that they no longer hold their own auctions. Both rely on PropertyRoom.com, a Web site for selling items from the property rooms of 1,600 law …

Treasurer Returning $350,000 In Unclaimed Property – WOWT
How does a piece of $350,000 sound? That's how much money the Nebraska State Treasurer's Office is giving back in unclaimed property. The state says the average unclaimed amount is about $900. If Nebraska State Treasurer Shane Osborn comes knocking …

Cash Dash has unclaimed money, assets for 23 Williamson County … – Marion Daily Republican
The state treasurer's office has initiated claims and inquiries for 23 Williamson County residents which could result in the return of more than #35,000 in unclaimed money and property. Claims and inquiries began June 23 during the Cash Dash event at …