(Part 1 of 2)

In May 2007, IL State Treasurer State Treasurer Alexi Giannoulias announced that the state's "Cash Dash" abandoned asset program currently holds nearly 1.4 Billion dollars in Illinois unclaimed money. The only thing standing between the cash and its true owners is the knowledge that it's out there waiting to be claimed and the ability to locate it.

Sadly in addition to IL, state treasury departments across the United States keep on taking in more unclaimed funds every year than they hand back to the people. Because everyone believes in the old "if it's too good to be true" saying, most people do not believe that there are truly tens of billions of dollars that can be claimed across the country. Even for the handful who have realized the truth about unclaimed assets, the best way to find these monies eludes them more often than not.

The Prairie is State is one of those rare states that is holding over a billion dollars on its own, and that means that if you are a resident of IL then you have even greater odds of tracking down a claim in your name, especially after you factor in that the state has just under 13 million people and there are over 10 million names on the state's IL list.

Although there are many more, IL lists the following as the most common types of forgotten funds: 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 often.

(to be continued)

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