(Part 2 of 2) The IL State Treasury has given back more than $432 million since it took over the unclaimed money program in 1999, 84 million dollars of which was returned in 2006 alone, but with 1.4 Billion dollars waiting to be claimed and more coming in all the time, the mountain of cash will continue to grow. (...)" />

June 11, 2010

Tracking Down IL Unclaimed Money – Part 2 of 2

(Part 2 of 2)

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

Because money is constantly added to the fund, it's very important to check regularly, not just once. 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's the proper dormancy period. Each kind of asset has its own dormancy period in each state, after which state laws make the holder hand it over to the state who will then hold it until the rightful owner comes forward to claim it.

Additionally, residents of IL might be owed unclaimed money in other states even if they've never resided in or even passed through them. Items like insurance overpayments when an employer utilizes an out of state insurance company can cause found money to wind up in other states. Issues often also arise when corporations' headquarters are in another state.

The bottom line is that the state of IL 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 greatly enhance your abilities to find your money.

State's unclaimed property kitty holds $350 million – Lafayette Journal and Courier
The Lafayette area has a lot of loot that's been forgotten — $5.5 million to be exact. Attorney General Greg Zoeller stopped by Ivy Tech Community College on Wednesday to talk about the state's unclaimed property …

Unclaimed money is just waiting for many area residents – Herald Times
Wednesday’s newspaper had a 32-page tabloid insert just packed with columns of information, all in agate. There’s a cover and a few inches inside devoted to an explanation of Indiana’s unclaimed property laws, with …

Unclaimed property in Ind. could be yours – Evansville Courier-Press
INDIANAPOLIS — More than $350 million is sitting in Indiana's unclaimed property fund, and some of that money could belong to you or someone you know. To check, go to www.IndianaUnclaimed.com . There, you'll have to …

Unclaimed property awaiting its Hoosier owners – Tribune-Star
The 87-year-old Hunt met with Indiana Attorney General Greg Zoeller and his staff on Wednesday at Ivy Tech Community College to file a claim for the unclaimed treasure. Mary Lynn Hunt accompanied her father to help him …

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