June 21, 2010
Tracking Down Forgotten Funds in IL – Part 1 of 2
(Part 1 of 2)
In May of 2007, Illinois State Treasurer State Treasurer Alexi Giannoulias announced that the state's "Cash Dash" abandoned asset program is holding nearly 1.4 Billion dollars in Illinois unclaimed money. The only thing standing between the cash and its rightful owners is the knowledge that it's out there and the knowledge to track it down.
Sadly beyond just Illinois, state treasury departments across the United States continue to take in more unclaimed funds annually than they give back to the rightful owners. Because everyone believes in the old "if it's too good to be true" saying, the majority of people refuse to believe that there are really tens of billions of dollars that can be claimed across the country. Even for those few who have realized the truth about unclaimed properties, the best way to find these monies eludes them in most cases.
The Prairie is State is one of those rare states that holds over 1 billion dollars on its own, which means if you are a resident of Illinois then you have even better odds of finding a claim in your name, especially when you factor in that the state has just under 13 million people and there are more than 10 million names on the state's Illinois list.
(to be continued)
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BRIEF: Illinoisans can check for unclaimed property, money – TMCnet
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