(Part 2 of 2) The IL State Treasury has given back over 432 million dollars since it took over the unclaimed money 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 all the time, the pile of cash will keep on growing. (...)" />

November 11, 2009

Locate Unclaimed Assets in Illinois – Part 2 of 2

(Part 2 of 2)

The IL State Treasury has given back over 432 million dollars since it took over the unclaimed money 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 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 is important to search regularly, not just once. Money owed to you might be added tomorrow, or next week, or next month, or depending on the type of property in 5 years if that's the proper dormancy period. Each kind of property has its own dormancy period within each state, after which state laws require the holder to turn it over to the state who will then hold it until the rightful owner comes forward to claim it.

Further, residents of IL may be owed unclaimed money in other states even if they've never lived in or even passed through them. Things like insurance overpayments when an employer utilizes an out of state insurance company can result in found money located 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 massive amount of cash that is owed to its residents who just need to learn the right ways to search, where to search, and how often to search. Learning these search tips from experienced funds locators in this field can greatly enhance your abilities to locate your money.

Unclaimed $115m held by NSW government (Sky News Australia)
NSW residents are urged to check if they are entitled to any of the $115 million in unclaimed money held by the state government.

Hyndburn's £2m lottery winning ticket still unclaimed (Lancashire Telegraph)
UPDATE: A £2million lottery win in East Lancashire remains unclaimed despite an appeal last week.

Does the government owe you money? – 10Connects.com
FT. LAUDERDALE, Fla. — More than 10,000 Sunshine State taxpayers have unclaimed money – and the IRS is trying to find them. The government is looking for 10,024 Florida taxpayers who are owed a total of $15 million. The checks were returned to the …

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