Despite returning a record 26.2 million dollars in Connecticut unclaimed money in the year 2006, there are still tens of millions of dollars in abandoned assets waiting to be located and claimed by the true owners - average people who simply abandoned or forgot about these properties for one reason or another.

Recent efforts by the CT State Treasurer’s “The Big List” program have given back $110 million back to CT residents in just the last 8 years, but much more money continued to come in than was returned so the mounds of unclaimed property held by the gov. keep on growing. Due to the fact that new unclaimed cash outpaces the return rate, the odds of finding a claim for any given name are getting better every day.

A lot of people wonder how unclaimed property could be real, because the fact that across the nation there are billions of dollars waiting to be found by the rightful owners simply seems impossible. How could these people abandon their money? Are they crazy? No, they’re just normal people, and it has been estimated that 7 out of every 10 citizens are owed some kind of claim!

So how is all this money being abandoned without the owners knowing it? In most cases it is as simple as forgetting about a savings or checking account that was not a primary account, or not providing a forwarding address to all the necessary people when a person relocates. Further, the State Treasurer’s site lists the following as common types of lost assets in CT: safe deposit box contents, stocks, life insurance policies, travelers’ checks or money orders, deposits, uncashed checks, and bonds or mutual fund shares.

As these various types of accounts lay untouched past their dormancy periods (unique for each account type in each state), they are turned over to the state to be held until the owner comes forward to claim them. So if the dormancy period on a particular account doesn’t run out for another few years, a person searching today will not find a record of their abandoned assets, even though it’s out there in pre-escheat, which means that the dormancy period has not yet expired. Further, states do not have a uniform law dictating when the records are actually updated in their databases so a person could in theory search and not find anything, while the record is added the following day, week, month or year. The only real way to be thorough about your search is to search often.

In addition to limiting themselves to a single search, inexperienced searchers often search just the state they reside in, not knowing that there is a possibility for unclaimed property owed to them in states they have never lived in or even been to, for a variety of reasons such as insurance company headquarters or employers’ corporate headquarters.

The issues mentioned above, among others, can be worked around once people learn about proper search tactics. Using the advice and guidance of experienced unclaimed asset finders often makes the difference in whether or not a person with limited knowledge in this area finds all money owed to them or not.

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Find your
This post comes from Brandon Ballenger at partner site

Someone in Missouri will get very lucky today. That person will be the recipient of the largest

I was searching the net recently for the latest news and an article on modern day treasure hunters caught my eye. It appears that for some Americans who have metal detectors, looking for treasure in the Florida Keys has turned in to more than a hobby and has become quite lucrative. Rusted antiques and occasionally silver and gold bullion from sunken Spanish ships are only a few of the finds. Interesting news indeed.

Sunken treasures are not the only riches available for Americans looking to go on a hunt for treasure though. After finishing the article on treasure hunting scuba divers, I noticed another news post about Alabama unclaimed money, stating that the state treasury has recently given away as much as 23 million dollars of it to the state’s citizens in just one year. Well really, the term ‘given away’ is kind of inaccurate - ‘returned’ is the better word to use as the AL missing money actually belonged to the people that received it to begin with. The large dollar amount of the funds returned might be due to the State Treasurer’s Unclaimed Property Program that attempts to heighten residents’ awareness about unclaimed properties. Lists of the names of owners of these properties are hung in public places like state fairs and shopping malls. Additionally booths are set up by employees of the AL Treasury Department’s Unclaimed Property Division in these public places - providing free assistance in doing an AL search.

When people relocate or find new jobs, they sometimes lost track of assets such as income tax refunds, stock dividends, uncollected salary checks, etc. by not leaving behind a forwarding address. People also pass away never having written a will and their assets are supposed to be passed along to their closest living relative who sometimes cannot be tracked down due to a change of name or address. Items from contents of abandoned safe deposit boxes are also deemed unclaimed money under AL law. These items are handed over to the state after a ‘dormancy period’, which varies state to state. The dormancy period for unclaimed money in AL is five years for the majority of financial assets and 1 year for checks from an employer. Items from safe deposit boxes are handed over to the state and are auctioned off to the public and the money earned is returned to the state treasury office where it can be located and claimed by the true owners at any time in the future.

According to Alabama State Treasurer Kay Ivey, “We’ve still got $373 million that belongs to people in every nook and cranny in Alabama,” adding “Go online or call us, and if you find your name and you can prove you are who you say you are, my staff and I would love to send you a check.”

According to experts 70% of American citizens are owed a portion of the more than $35 billion in unclaimed money, which is currently held by the individual Treasury Depts. across the country in all 50 states. A citizen can have missing cash in multiple states if he or she has moved a lot or if they have a number of relatives across the country. It is best to do a thorough search for money to keep from missing out on your lost cash.

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The state may owe you
Louisiana residents who owned one of these insurance policies over the past four years are eligible for a rebate for fees charged after Hurricane Katrina, but 58 percent of rebates remain

Unclaimed Money: Missouri Woman Nets $6.1 Million, is Largest Known Property Claim in U.S. History
One unidentified Missouri woman received $6.1 million from an unclaimed property she didn’t know she had.

Alberta program returns missing
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KC Woman Gets $6.1M In
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Ask Kim: How do I find out if the IRS has a refund for me?
You may also discover

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The Commonwealth of Virginia is waiting for Virginians to come forward and reclaim their missing money. The state currently sits on top of a pile of VA unclaimed money totaling in the tens of millions of dollars. Over $27 million was returned to Virginians in 2005, but that’s only a small slice of what is yet to be claimed.

The state of Virginia, like every other state, continues to take in more unclaimed funds than it returns to citizens, mainly due to the fact that the majority of people are simply unaware of these monies, and those that are aware, don’t know the proper way to track them down. There is a right way and a wrong way to search, and sadly most people haven’t learned the correct way.

According to the Unclaimed Property Div of the VA Department of the Treasury, VA unclaimed money arrives from a number of sources, which include (but are certainly not limited to): savings and checking accounts, underlying shares, wages or commissions, credit balances, dividends, customer deposits, credit memos, gift certificates, refunds.

People don’t need to currently reside in VA to be owed unclaimed property, especially sense the majority of accounts must be abandoned for 1 to 3 years before they are handed over to the state, and laws governing other types do not require that they be handed over for seven, ten, even fifteen years! Moving out of state doesn’t mean that you’ve given up your rights to the money at all.

In addition to people who’ve moved out of state, some people may have never lived in The Commonwealth of Virginia. For example, some folks work for companies that have their headquarters in VA. Additionally, insurance companies are often located outside of the home state of the insured person. For these reasons, items like refunds, premium overpayments, and stocks might exist as unclaimed cash in VA, even if the rightful owner has never even set foot in the state!

People who live in VA should also search in other states where there is a chance they are owed money, for the same reasons that people who don’t live in VA should search the state’s listings.

There are a number of roadblocks that often prevent people from tracking down their missing money, but most of them boil down to being uninformed about the best way to search. Not only do most people get in their own way by checking the records in only one state, usually the one they live in, but they also tend to search once and call it quits.

As was mentioned earlier, each type of VA unclaimed property, and unclaimed property in all other states, have their own individual “dormancy periods” (amount of time that must pass before the funds are handed over to the state to hold until you claim them). In addition to some property types having long dormancy periods, states do not update their searchable records immediately, which means if the state is holding your monies, you may not find a record when searching, if they haven’t added it to their system.

If a citizen searches their name on Monday, but the VA Department of Unclaimed Money didn’t get around to adding the record of their monies until Tuesday, or the following week or month, the search might come up empty.

These are just a few of the hurdles that often get in the way of people trying to locate VA unclaimed funds for the first time, which is why it is imperative that you find someone with experience in this field to help you through the process to track down all potential claims.

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Millions of dollars in dormant accounts collecting dust with Bank of Canada
Every year, the Bank of Canada takes over thousands of

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$32 billion in unclaimed money is floating around America
A Kansas City woman received an unclaimed $6.1 million check from Missouri on Wednesday. The money is from an unclaimed property fund consisting of a single security. There is over $32 billion in unclaimed money in the United States.   read more

Missing money and unclaimed property in Utah
Since the program’s inception in 1957, the Unclaimed Property Division has reunited owners or heirs of deceased owners with unclaimed money, items, and property held in Utah. Since 1984, approximately $117 million has been returned to owners.

Unclaimed Money: $6.1 Million Payout in Missouri Could be Largest in U.S. History
Someone in Missouri will get very lucky today. That person will be the recipient of the largest unclaimed money award in U.S. history: $6.1 million.The states estimate that one in every 10 people has unclaimed money waiting for them. Sometimes the amounts can be eye-popping. In dusty warehouses in states all across the country lie records detailing $32 billion worth of unclaimed money, just …

THE Petaling Jaya City Council has recently shown its transparency and done ratepayers a service by providing information of

Someone in Missouri will get very lucky today. That person will be the recipient of the largest

Missouri Woman to Get $6.1 M Unclaimed Money Payout
Someone in Missouri will get very lucky today. That lucky person will be the recipient of the largest unclaimed money award in U.S. history: $6.1 million.

KC Woman Gets $6.1M In
A Kansas City woman has claimed $6.1 million that had been held in Missouri’s

A recent report by the Chattanooga Times announced that millions of dollars in GA lottery winnings go unclaimed in GA and TN. Lottery officials say this is primarily caused by people that buy lottery tickets while they are driving through and forget to see if they have won or not.

According to another news report though, a larger amount of Georgia unclaimed money is being held by the State Treasurer’s Department. Hundreds of millions of dollars in abandoned assets are held by the state gov. and most residents are not aware that it’s out there. Catherine Westbrook, an elderly resident of the state was very aware though and became frustrated when she attempted to get a twelve hundred dollar check from a forgotten life insurance policy. “When I didn’t get it for two or three weeks, then I called and they would say, ‘No, the check wasn’t written, hasn’t been written’ — that’s all they would tell me.”, said Westbrook who, after receiving her check five months later, adds: “I don’t know why they take so long to write a check.”

GA’s Unclaimed Property Law or escheat law (which originates from feudal laws in Great Britain) states that forgotten and abandoned properties such as income tax refunds, bank accounts, uncollected wages, cash dividends on stocks and mineral deposits, uncashed checks, gift certificates, insurance premium overpayments, and others have to be handed over to the state after a specified ‘dormancy period’. This period for GA is between 1 and 5 years for unclaimed financial assets. “Dormant funds are remitted to the State of Georgia. Demand deposit accounts are deemed to be dormant after 12 months and time and savings accounts are deemed to be dormant after a period of five years without activity”, according to an official statement from Georgia’s State Treasurer’s. In a press release from the GA Department of Revenue’s Unclaimed Funds Unit, “The time that must elapse for property to be determined “abandoned” and turned over to the state varies depending on the type of property. For example, unclaimed wages and company liquidation proceeds must be turned over to the state after one year. The vast majority of unclaimed property must be turned over to the state five years after the last contact with the rightful owner. Time frames for other types of property are: safe deposit box contents must be forwarded to the state two years after the box was opened by the holding financial institution; money orders seven years after the issue date; and traveler’s checks 15 years from the issue date.”

The GA Revenue Commissioner has recently attempted to make some improvements in the way that the state department that handles missing cash in GA, like replacing an old automated call center system with operators who can check the status of claims immediately. Tim Shields, a manager with the revenue department, “From the time the claim form comes in the door, if we have everything we need, within 8 to 10 weeks, that person’s going to receive a check,”.

Greg Daugherty, Executive Editor of Consumer Reports, said “When I entered my own information, I didn’t find anything belonging to me, but I did find some money belonging to a great aunt of mine who has since died, and would have left it to me.” Greg is not alone, which is why utilizing the help of an unclaimed property expert is of the extremely important.

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Missouri Woman to Get $6.1 M Unclaimed Money Payout
Someone in Missouri will get very lucky today. That lucky person will be the recipient of the largest unclaimed money award in U.S. history: $6.1 million.

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Unclaimed Money: Learn How to Find Unclaimed Cash for Your School
Unclaimed Money: Learn How to Find Unclaimed Cash for Your School

As of October 2007, it was determined by the Office of the State Treasury of S. Carolina that the state is currently holds more than 200 million dollars that is owed to residents who only need to come forward and claim it, if they know how to track it down. Despite improved efforts to reunite South Carolina unclaimed money with the rightful owners, which lead to a record annual return of $900,000 in Sept. 2007, the pile of cash grows larger every year.

Annually, S. Carolina, like most states, continues to take in more money than it is able to give back to the rightful owners. The primary problem is the fact that the majority of people are completely unaware that these assets even exist, which goes without saying, or they’d not ever have forgotten about them long enough for them to be classified “unclaimed”. Even the few who are aware of the billions of dollars in unclaimed money all across the country generally don’t have a clue how to go about locating them.

S. Carolina is what is called a “custodial state”, and that means that they don’t ever actually own your assets, they just hold them for the owners, and there is never a time frame under which you are required to claim your cash. While there are many different types of unclaimed money, the state treasurer lists the following as the most common kinds under the Palmetto Payback Program: uncashed checks (including paychecks), dormant bank accounts, forgotten utility deposits, unclaimed insurance proceeds, unexchanged shares of stock, and uncashed dividend checks.

S. Carolina unclaimed money is given to the state treasury after long periods of being inactive. These periods of time are called “dormancy periods”, and each type of unclaimed cash has its own. Many are just 1 year, but many years must pass for some types of funds to be given to the state. On top of that, and employee of the state has to manually input the claim information in to the state’s system %if there is to be% public, searchable record. For these reasons, among others, it’s very important that people who are serious about locating their abandoned assets, search often and search on the proper websites.

Many websites claim to have a database, but more often than not it is not very reliable. Not only are they often not current, but many of them are just totally fake. These websites use “teaser” searches to entice a searcher by convincing them that they’re due X dollars in mising money, when that dollar amount was generated at random. Basically it is a misleading sales tactic.

Beyond not knowing where to search, searchers also need to realize that they should search outside of S. Carolina. A lot of people have moved to S. Carolina after having spent most of their lives in one or a number of other states. Others may have always lived in S. Carolina, but if they had a policy with an insurance company out of state or the corporate headquarters of an employer is based in a different state, then there is a good chance that they’re still owed assets, but S. Carolina would never have a record of these assets. It’s very important to check the state listings of every state where somone might have had any type of business relationship.

It cannot be said enough, having the help of unclaimed money pros in your search for unclaimed money is vitally important. An expert in this field can help you overcome all the problems that plague many searchers, including the few mentioned in this article.

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Missing money and unclaimed property in Utah
Since the program’s inception in 1957, the Unclaimed Property Division has reunited owners or heirs of deceased owners with unclaimed money, items, and property held in Utah. Since 1984, approximately $117 million has been returned to owners.

Bryan residents who have

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I just read that the IRS is looking to return more than $150 million in undelivered tax refund checks. Is this a scam? Is there a way to track down lost

Scamming
A Houston woman has begun serving time in federal prison for stealing

The state of California’s unclaimed money program takes in approximately $300 million every year. What’s it to you? Well, if you or anyone you know is or ever was a resident of the Golden State (or ever had any type of business dealings, whether you knew it or not), a chunk of that massive pile of Cali missing money could easily be yours!

Under the state of California unclaimed property (or escheat) law, lost money such as forgotten checking and savings accounts, uncashed checks and money orders, mineral deposits, salary checks, cash and stock dividends, state of California unclaimed tax refunds, gift certificates, and other assets are passed along to the Treasury Dept. if their owners don’t locate them within a certain time period. This ‘dormancy period’ varies widely from state to state, but in Cali it is 3 years. These abandoned assets then go to the CA unclaimed property div, where they stay in the state’s general fund until returned to the rightful owners. This is where state officials who handled Cali unclaimed cash were criticized recently. Seems that they have been all to happy to locate and collect the lost funds from the various establishments holding them but showed less interest in contacting the actual owners in the Cali unclaimed money database.

One of the primary reasons for the government’s inability give back forgotten cash to residents, they claim, is that they can’t be tracked down. Problem is, who would think that people like Angelina Jolie, ZsaZsa Gabor, Gerri Halliwell, Victoria Beckham, Keanu Reeves, Brad Pitt, Adam Sandler, Marlon Brando and Jennifer Lopez could be hard to find? Their names and the names of several other famous people are just a few of the names in the Cali missing money list and yet they have not heard from the officials in the California Unclaimed Money Division. They are all owed checks for lost assets by Cali ranging in amount from hundreds to the thousands in Ms. Jolie’s case. This proves once again Cali state employees’ interest in holding this cash in the general fund for them to balance the budget deficit for as long as they possibly can. In fact, there was a recent ruling by a federal judge on CA abandoned assets, saying that the state was not making enough of an effort to locate the rightful owners and for a while halted the ability of the state to take and hold it until a new policy of reuniting it with the rightful owners has been adopted.

The total amount of unclaimed money in California averages five billion dollars annually - imagine the amount of interest that accrues for the state! Sacramento attorney Bill Palmer who has battled in many cases involving CA unclaimed money, said the state’s program was intended to be a lost and found of sorts for Californians. Instead, it has been turned into a profit generating ‘business’ in recent years.

The hold on the seizure of property by California has recently been lifted and the new CA State Controller, John Chiang, is making extra efforts in the form of widespread reforms in improving how his office deals with CA unclaimed money. There’s still a great need though for Californians and residents of all other states across the U.S. to learn about the presence of these monies and on how to do a thorough search for them.

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Many child support checks go
The Post-Crescent obtained an updated list of this

UNCLAIMED MONEY: Handle funds transparently
THE Petaling Jaya City Council has recently shown its transparency and done ratepayers a service by providing information of unclaimed money it had been holding since 1993.

THE Petaling Jaya City Council has recently shown its transparency and done ratepayers a service by providing information of

Unclaimed money: Woman gets record $6.1 million
Unclaimed money goes to anonymous Kansas City woman for a lost security. The sum is the single largest return of unclaimed money in Missouri’s history.

I was searching the net recently for the latest news and an article on modern day treasure hunters caught my eye. It appears that for some Americans who have metal detectors, looking for treasure in the Florida Keys has turned in to more than a hobby and has become quite lucrative. Rusted antiques and occasionally silver and gold bullion from sunken Spanish ships are only a few of the finds. Interesting news indeed.

Sunken treasures are not the only riches available for Americans looking to go on a hunt for treasure though. After finishing the article on treasure hunting scuba divers, I noticed another news post about Alabama unclaimed money, stating that the state treasury has recently given away as much as 23 million dollars of it to the state’s citizens in just one year. Well really, the term ‘given away’ is kind of inaccurate - ‘returned’ is the better word to use as the AL missing money actually belonged to the people that received it to begin with. The large dollar amount of the funds returned might be due to the State Treasurer’s Unclaimed Property Program that attempts to heighten residents’ awareness about unclaimed properties. Lists of the names of owners of these properties are hung in public places like state fairs and shopping malls. Additionally booths are set up by employees of the AL Treasury Department’s Unclaimed Property Division in these public places - providing free assistance in doing an AL search.

When people relocate or find new jobs, they sometimes lost track of assets such as income tax refunds, stock dividends, uncollected salary checks, etc. by not leaving behind a forwarding address. People also pass away never having written a will and their assets are supposed to be passed along to their closest living relative who sometimes cannot be tracked down due to a change of name or address. Items from contents of abandoned safe deposit boxes are also deemed unclaimed money under AL law. These items are handed over to the state after a ‘dormancy period’, which varies state to state. The dormancy period for unclaimed money in AL is five years for the majority of financial assets and 1 year for checks from an employer. Items from safe deposit boxes are handed over to the state and are auctioned off to the public and the money earned is returned to the state treasury office where it can be located and claimed by the true owners at any time in the future.

According to Alabama State Treasurer Kay Ivey, “We’ve still got $373 million that belongs to people in every nook and cranny in Alabama,” adding “Go online or call us, and if you find your name and you can prove you are who you say you are, my staff and I would love to send you a check.”

According to experts 70% of American citizens are owed a portion of the more than $35 billion in unclaimed money, which is currently held by the individual Treasury Depts. across the country in all 50 states. A citizen can have missing cash in multiple states if he or she has moved a lot or if they have a number of relatives across the country. It is best to do a thorough search for money to keep from missing out on your lost cash.

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Unclaimed Money: Learn How to Find Unclaimed Cash for Your School
Unclaimed Money: Learn How to Find Unclaimed Cash for Your School

Golden Globe nods; Spending bill stalled; Unclaimed money: Soundtrack of the day
In today’s news: The payroll tax cut and spending bill is stalled in the Senate . Ryan Gosling may not be the “ Sexiest Man Alive ,” but the man can act . And you may have some extra money you don’t know about . We’ve been scrolling through our iPods to find music to pair with today’s headlines. Our picks are below, but we want to hear your suggestions. Tell us the songs you’d pair with today’s …

Winning Lotto Ticket Expires at 5 p.m.
Time is running out. Fast. The person who bought a Fantasy 5 ticket worth almost half a million dollars only has until 5 p.m. today to claim their prize, otherwise the

IRS Seeks 99,123 Taxpayers for
The Internal Revenue Service says it is looking for 99,123 taxpayers to deliver $153.3 million in