(Part 1 of 2)

In May of 2007, IL State Treasurer State Treasurer Alexi Giannoulias announced that the state's "Cash Dash" abandoned asset program is holding nearly $1.4 Billion in Illinois unclaimed money. The only thing getting between the cash and its rightful owners is the knowledge that it is out there waiting to be claimed and the ability to locate it.

Sadly in addition to IL, state treasury departments across the country continue to take in more unclaimed property annually than they return to the rightful owners. Because everyone believes in the old "if it's too good to be true" saying, most people do not believe that there are truly tens of billions of dollars waiting to be claimed nationwide. Even for the handful who have realized the truth about unclaimed properties, the best way to locate these monies eludes them most of the time.

The Prairie is State is one of just a few states that holds over 1 billion dollars on its own, and that means that if you're a resident of IL then you have even greater odds of tracking down a claim in your name, especially when you consider that the state has less than 13 million people and there are more than 10 million names on the state's IL list.

Although there are many more, IL names the following as the most common types of missing money: unpaid wages or commissions, abandoned savings and checking accounts, bonds, stock, un-cashed dividends, mutual funds, credit balances, customer deposits or overpayments, safe deposit box contents, money orders, refunds, paid-up life insurance policies, travelers checks. People who have had or know someone who might have had one of these types of accounts at some point in the past is encouraged to search often.

(to be continued)

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