(Part 2 of 2)

Although there are quite a few more, Illinois names the following as the most common sources of missing money: 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 may have had one of these accounts at some point in the past is encouraged to search frequently.

The Illinois State Treasury has given back over $432 million since it took over 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 always being 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 five 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 hand it over to the state who will then hold it until the rightful owner steps forward to claim it.

Additionally, residents of Illinois might be owed unclaimed property in other states even if they have never lived in or even been to them. Items 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 arise when corporations' headquarters are in another state.

The bottom line is that the state of Illinois is currently holding a large amount of money that is owed to its residents who simply need to learn the correct 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.

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Unclaimed EPFO money cannot be utilised: Government – Economic Times
NEW DELHI: The Government on Monday said it has no plans to utilise unclaimed money of Employees Provident Fund Organisation (EPFO) which has accumulated to the tune of Rs 3,837 crore, even as EPFO is making efforts to trace those who have not taken …

Officials: More Unclaimed Bodies in LA County (KFWB News 980 Los Angeles)
LOS ANGELES (AP) – Los Angeles County officials say it's handling more unclaimed bodies this year because the weak economy means more people are unable to afford burials for their loved ones.

Massive Underground Vault Holds Millions In Unclaimed Property (WGAL 8 Susquehanna Valley)
Monday will mark the beginning of WGALs week-long series, Tracking Your Treasure.