August 18, 2009
Abandoned Assets in Illinois – Part 2 of 2
(Part 2 of 2)
The IL State Treasury has returned more than 432 million dollars since it took control of the unclaimed funds 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 every year, the pile of cash will continue to grow.
Because money is constantly added to the fund, it is important to check regularly, not just once. Money belonging to you could be added tomorrow, or next week, or next month, or depending on the type of property in five years if that's the proper dormancy period. Each kind of asset has its own dormancy period within each state, after which state laws make the holder turn it over to the state who will then hold it until the true owner comes forward to claim it.
Further, residents of IL might be owed unclaimed funds in other states even if they have never resided in or even set foot in them. Items like insurance overpayments when an employer uses an out of state insurance company can cause found money to wind up in other states. Also, issues often arise when corporations' headquarters are in another state.
The bottom line is that the state of IL is currently holding a massive amount of cash that is owed to its residents who simply need to learn the proper ways to search, how often to search, and where to search. Learning these search tips from experienced funds locators in this field can greatly enhance your abilities to locate your money.
–
Stolen goods go under hammer (BigPond News)
More than 400 lots will go under the hammer over two days as NSW Police auction unclaimed property.
Boston Red Sox Team Report (USA Today)
The road has been winding and long for the Red Sox this season, and there's a little bit more to go before a long stretch of home games. The Sox open a three-game series against the Blue Jays on Tuesday in Toronto. Then, the Sox will play 18 of 24 games at Fenway Park.
State Lottery Winners Have Six Months Less To Pick Up Winnings – Hartford Courant
From now on, Connecticut Lottery winners will have six months less time to claim their prizes , a change expected to reap $6.1 million in unclaimed prize money for the cash-starved state government during the first year. Effective Aug. 2, the …
State treasurer's office seeks owners of lost property – Herald & Review
DECATUR – Cash Dash, an Illinois Treasurer's Office program designed to get unclaimed property back in the hands of its owners, is ready to go public with a list of people it wants to pay back after all these years. A treasurer's spokeswoman said …
Unclaimed bushfire compensation – Skynews.com
Six months after Black Saturday more than a third of the money allocated to Victorian fire victims remains unclaimed. And millions more are tied up in red tape as a tax technicality blocks survivors of the February 7 disaster accessing money pledged …






















Leave a Comment