March 17, 2010
Searching For IL Lost Unclaimed Money – Part 2 of 2
(Part 2 of 2)
The Illinois 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 waiting to be claimed and more coming in every year, the heap of cash will continue to grow.
Because money is always being added to the fund, it's very important to search regularly, not just one time. Money owed to you could be added tomorrow, or next week, or next month, or depending on the type of asset 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 require the holder to hand it over to the state who will then hold it until the rightful owner comes forward to claim it.
Additionally, residents of Illinois may be owed unclaimed funds in other states even if they've never resided in or even set foot in them. Things like insurance overpayments when an employer utilizes 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 Illinois is currently home to a massive amount of money 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 methods from experienced funds locators in this field can give you a boost in your abilities to locate your money.
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Cancer patients miss out on £6m (Oldham Chronicle)
MORE than £6 million in disability benefits is going unclaimed by people diagnosed with terminal cancer in the North-West.
Time running out for owner of £3.6 million lottery ticket bought in Inverness (The Scotsman)
A £3.6 million lottery jackpot remains unclaimed with less than a week before the prize deadline expires, it emerged today.
Is the State Holding Your Money? – nbc15.com
State Treasurer Dawn Marie Sass will bring the Unclaimed Property Database to Columbia, Sauk, Dodge and Jefferson Counties March 17th and 18th. This is the Treasurer’s 4th Statewide Tour visiting all 72 counties. • In Columbia County, there are …
Woman accused of $15 million fraud – ninemsn
The letter was sent to a share registry firm, Link Marketing Services, which maintains unclaimed dividends. The money was transferred to her and she banked it in 2008. Mr Kidd said the second fraud also involved Cowen writing a falsified letter to …






















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