(Part 2 of 2)

Even though there are many more, IL names the following as the most common sources of forgotten funds: abandoned savings and checking accounts, unpaid wages or commissions, stock, bonds, mutual funds, un-cashed dividends, customer deposits or overpayments, credit balances, refunds, money orders, travelers checks, paid-up life insurance policies, safe deposit box contents. Anyone who has had or knows someone who may have had one of these accounts at some point in the past is encouraged to search often.

The IL State Treasury has handed back more than $432 million since it took over the unclaimed funds program in 1999, $84 million 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 heap of cash will keep on growing.

Due to the fact that money is constantly added to the fund, it's very important to check regularly, not just one time. Money belonging to you could be added tomorrow, or next week, or next month, or depending on the type of property in 5 years if that is the proper dormancy period. Each kind of asset has its own dormancy period within each state, after which state laws make the holder hand it over to the state who will then hold it until the true owner comes forward to claim it.

Additionally, residents of IL may be owed unclaimed funds in other states even if they have never lived in or even passed through 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 home to 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 methods from locators with years of experience in this field can greatly enhance your abilities to track down your money.

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Premium Bonds: record £35m in prizes goes unclaimed (Daily Telegraph)
A record amount of Premium Bond winnings is going unclaimed it has emerged.

Unclaimed Money Owed To Some County Residents – San Diego Channel
SAN DIEGO — Nearly $600,000 in unclaimed property tax or other refunds is owed to San Diego County taxpayers and residents, Treasurer-Tax Collector Dan McAllister announced Thursday. Those owed money have 45 days to claim the funds, or the money …

$3.1B Set Aside for Jobless Unclaimed – ABC News
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REGION: $600K in unclaimed money available – North County Times
The county may owe you money and it wants you to claim it. There is nearly $600,000 that the county owes residents in unclaimed property tax refunds, fees and deposits, said county Treasurer-Tax Collector Dan McAllister. People have until Oct. 19 to …