(Part 2 of 2) Due to the fact that money is constantly added to the fund, it is important to search regularly, not just once. (...)" />

March 3, 2010

Search for Forgotten Funds in IL – Part 2 of 2

(Part 2 of 2)

Due to the fact that money is constantly added to the fund, it is important to search regularly, not just once. Money owed 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 property has its own dormancy period in each state, after which state laws make the holder hand it over to the state who will then hold it until the rightful owner comes forward to claim it.

Additionally, residents of Illinois might be owed unclaimed funds in other states even if they've never lived in or even set foot in them. Things 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 come up corporations' headquarters are in another state.

The bottom line is that the state of Illinois is currently holding a large amount of cash that belongs to its residents who simply need to learn the right 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 give you a boost in your abilities to locate your money.

UNCLAIMED MONEY: Locals owed over $500,000 (The Courier)
THE STATE Revenue Office wants to reunite Ballarat residents with more than $500,000 in unclaimed money.

IRS: MI Has $40M In Unclaimed Refunds (ClickOnDetroit)
Unclaimed refunds totaling more than $40 million are awaiting nearly 42,800 people in Michigan who did not file a federal income tax return for 2006, the Internal Revenue Service announced Tuesday.

Do you have any unclaimed money? – heartland connection.com
KIRKSVILLE, MO — Treasurer Clint Zweifel was in Kirksville on Saturday marketing the Missouri House Democrats “Road to the Majority Tour” in northeast Missouri. Zweifel said Missouri has a strong field of democrats running in 2010 who …

Georgia holds millions in unclaimed money – Chattanooga Times Free Press
ATLANTA — The state of Georgia is holding on to nearly $985 million that rightfully belongs to state departments and taxpayers, according to the Georgia Department of Revenue. ”In these tough economic times, Georgians cannot afford to just let …

AL unclaimed tax refunds total $18M+ (WTVY Dothan)
The IRS estimates that the median unclaimed refund for tax-year 2006 is $608 for Alabamians.

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