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

May 27, 2010

Track Down Unclaimed Cash in Illinois – Part 2 of 2

(Part 2 of 2)

Due to the fact that money is always being added to the fund, it is important to search regularly, not just one time. Money belonging to you might 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 type of property has its own dormancy period within each state, after which state laws make the holder turn it over to the state who will then hold on to 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 resided in or even passed through them. Items 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 money that belongs to its residents who just 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 find your money.

Claim Your Unclaimed Money at PBGC.GOV! – Gather.com
Need a little extra cash? Feel as though between all the bills, taxes and other expenses you pay out that you should be getting some back? You very well MAY be entitled to some unclaimed money! Head over to the Pension Benefit Guaranty Corporation to …

Unclaimed money will go to state's general fund on July … – Examiner
Idaho takes permanent ownership of property that is unclaimed for 10 years … name on the list of claimants they can claim their property at the Idaho State Tax Commission by calling 334-7627 in Boise or the toll free line at (800) 972-7660 ext …

Illinois Supreme Court: State can profit from unclaimed … – Quad Cities Onlines
SPRINGFIELD, Ill. (AP) — The state Supreme Court says Illinois is doing nothing wrong when it makes money off of unclaimed property. Illinois has a policy of taking control of long-forgotten bank accounts and other forms of abandoned property. If …

Bay Staters Own $480M in Unclaimed Money – Boston Channel
Team 5 Investigates discovered nearly a half-billion dollars in U.S. savings bonds is waiting to be claimed by Massachusetts residents. The bonds were bought decades ago, but never paid out to the owners. The federal government is holding on to them …

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