(Part 2 of 2) Due to the fact that money is constantly added to the fund, it's very important to check regularly, not just one time. (...)" />

March 24, 2010

Searching For IL Unclaimed Property – Part 2 of 2

(Part 2 of 2)

Due to the fact that money is constantly added to the fund, it's very important to check regularly, not just one time. Money owed to you might be added tomorrow, or next week, or next month, or depending on the type of asset in five years if that is the proper dormancy period. Each kind of asset 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 on to it until the true owner comes forward to claim it.

Further, residents of Illinois may be owed unclaimed property in other states even if they've never resided in or even been to them. Things like insurance overpayments when an employer utilizes an out of state insurance company can result in found money located in other states. Issues often also come up corporations are incorporated in another state.

The bottom line is that the state of Illinois is currently home to a large amount of money that is owed to its residents who simply need to learn the proper ways to search, where to search, and how often to search. Learning these search methods from experienced funds locators in this field can give you a boost in your abilities to find your money.

Study: Pell Grant money often goes unclaimed – Vallejo Times-Herald
Hundreds of thousands of California Community College students are eligible for federal Pell Grants but never apply for them, according to a new study by Institute for College Access and Success. The unclaimed grants leave up to $500 million …

State's abandoned property list released – Daily Evening Item
BOSTON – Two former Celtics and longtime National Basketball Association leaders should be soon netting some unclaimed money. Don Nelson, former Celtic great and present coach of the Golden State Warriors, and one time Celtic and Basketball Hall of …

Got Money? Donate It! – NBC Dallas-Fort Worth
Texas Comptroller Susan Combs is using Collin County as an example of why Texans should check the state's unclaimed property list. The city of Plano reclaimed $1,562, while Collin County reclaimed a whopping $74,807. The state is holding about $2 …

Unclaimed Lottery WINNINGS up for Grabs – PRLog (free press release)
… months to come forward or else the money goes to education spending instead of a new Porsche or perhaps a trip to Las Vegas. However, a number of smaller prizes – sometimes worth hundreds of thousand of dollars – go unclaimed because people …

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