(Part 2 of 2)

Even though there are quite a few more, Illinois lists the following as the most common sources of forgotten funds: 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. Anyone who has had or knows someone who may have had one of these types of accounts at one time or another is encouraged to search regularly.

The Illinois State Treasury has returned over $432 million since it took over the unclaimed money program in 1999, $84 million of which was returned in 2006 alone, but with $1.4 Billion waiting to be claimed and more coming in every year, the mountain of cash will keep on growing.

Due to the fact that money is always being added to the fund, it's very important to search regularly, not just once. Money owed to you might be added tomorrow, or next week, or next month, or depending on the type of property in five years if that is the proper dormancy period. Each type of asset has its own dormancy period within each state, after which state laws make the holder hand it over to the state who will then hold on to it until the rightful owner comes forward to claim it.

Further, residents of Illinois might be owed unclaimed money in other states even if they have never resided in or even been to them. Things like insurance overpayments when an employer utilizes an out of state insurance company can result in found money located in other states. Issues often also arise when corporations are incorporated in another state.

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

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Finding Unclaimed Money / Weekly Deals 8/26-9/1/2010 – Examiner
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Is the state holding on to money that belongs to you? – Orlando Sentinel
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