(Part 2 of 2)

The Illinois State Treasury has handed back more than $432 million since it took control of the unclaimed money program in 1999, 84 million dollars of which was returned in 2006 alone, but with $1.4 Billion waiting to be claimed and more coming in all the time, the heap of cash will continue to grow.

Due to the fact that money is constantly 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 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 hand it over to the state who will then hold it until the true owner steps forward to claim it.

Further, residents of Illinois may be owed unclaimed money in other states even if they have never lived in or even passed through them. Things 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 are incorporated in another state.

The bottom line is that the state of Illinois is currently home to a massive amount of cash 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 give you a boost in your abilities to locate your money.

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Free Money May Be Waiting For You In Pa. Treasury, Bank – msnbc.com
… reported there are a number of places for Pennsylvania residents to find "free" money. All they have to do is look. Taxpayers may have a refund coming in 2010, but what about one from years past? Checking "Unclaimed Tax Refunds" at revealed $120 …

April 15 last day to claim $111 million in unclaimed IRS refunds
Unclaimed IRS money: Floridians have until April 15 to claim $111 million in unclaimed IRS refunds

Change in lottery bill slipped past director … – Minneapolis Star Tribune
LITTLE ROCK, Ark. – Arkansas' lottery director said Wednesday he wasn't aware that the Legislature changed how money from unclaimed prizes is to be managed — a move that required lottery officials to revise their 2011 budget. The revised lottery …

$1 credit due taxpayers required by Constitution – Honolulu Star-Bulletin
… been able to get a response from the state Department of Taxation about how much would be at stake if every qualified person did not take the credit, what happens to the unclaimed money or whether the department actually sends out $1 checks to …