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UNCLAIMED FUNDS

By
Services for Real Estate Pros with Asset location & Recovery Services

 

I have been blogging about unclaimed funds for some time, but I am not sure I am really getting the point across to the masses of how much money is really available to be claimed.

It's very sad & sometimes frustrating to know that people, who are sometimes desperately in need, will lose money that could really make a difference in their lives, due to skepticism.

Accepting a stranger's word that one is due money is difficult at best & involves taking a huge  leap of faith, especially if there is no prior knowledge of the money or the  source. However, the existence of unclaimed funds suggests that maybe we should rethink the old saying  "IF SOMETHING SOUNDS TOO GOOD TO BE TRUE IT PROBABLY ISN'T"

 The move by Kentucky State Treasurer, Mr Todd Hollenbach, to personally spearhead the return of unclaimed funds his office is holding, to the citizens of that state, is a good one. This will help to draw more attention to the reality of  unclaimed funds  & in so doing, encourage regular folks to be more receptive of  the idea.

 

Kentucky Unbridled Spirit (TM)

 

  UNCLAIMED PROPERTY SEARCH

The TREASURE FINDERS program has been very successful making Kentuckians aware of lost property.  Claims have increased dramatically.   The additional  claims have increased processing times to minimum of 12 weeks.  Please be patient, Treasury staff are working diligently to return your money.

Located within the Kentucky State Treasury is a vault containing a Kentucky treasure, part of which may be owned by you!

That treasure is Kentucky's unclaimed property fund. Unclaimed property includes personal property or financial assets—such as abandoned savings and checking accounts, non-cashed checks, and travelers' checks—turned over to the state after a period of time, usually 3 years.

In most cases, the owner of such property has forgotten that the particular property or account exists. Sometimes, an owner has died and the heirs don't know about the property.

Rare coins. Fine jewelry. And, yes, some cash. Those are just some of the items the Kentucky State Treasury, through the Unclaimed Property Division, is trying to return to their rightful owners.

Treasurer Hollenbach is committed to returning unclaimed property to the residents of Kentucky. To that end, the Kentucky State Treasury publishes announcements in the state's treasury.ky.govpapers and provides a search tool on this website that can be used to search the department's database free of charge. You can also call the Kentucky State Treasury toll-free at 1-800-465-4722 to determine if you or a loved one is among the thousands of Kentuckians who are owed unclaimed property.

 

History of the Unclaimed Property Fund

Since the start of Kentucky's Unclaimed Property program in 1942, more than $100 million in cash and other assets has been collected. The Commonwealth currently holds more than $150 million worth of unclaimed property for over 200,000 individuals.

In 1994, the General Assembly transferred responsibility for the unclaimed property fund to the Kentucky State Treasury. Recently, Kentucky's Unclaimed Property Fund joined MissingMoney.com, a national database of unclaimed property. Currently, several states including Kentucky participate in the national database. Using the link on the Unclaimed Property Main Page, you can search the national database to determine if you or a loved one have unclaimed property in any of the member states.

 

Last Updated 2/8/2011

Anonymous
barry a. jones

how do you find out if you have unclaimed money?is there a list? where do i go?

Sep 04, 2011 01:13 PM
#1
Dorothy Parkinson
Asset location & Recovery Services - International, IT

Hello Barry,

Since you are responding to this blog I assume you are from Kentucky so here is your answer.

 

http://www.kytreasury.com/unclaimed+property+search.htm

 

also you can check all states here.

Missing Money Free Search for Unclaimed Property - Officially ...

States and Provinces Participating with Missing Money Free Search ...

All you  need to do is type your name in the blank space as directed & click search.

You can also call or write to the govenor's office for help

 

Office of State Treasurer Todd Hollenbach 

 

1050 US Highway 127 South, Suite 100
Frankfort, Kentucky 40601

(502) 564-4722 - Office
(502) 564-6545 - Fax




Sep 06, 2011 05:09 AM
Anonymous
tommy ultsch

need to know about retirement

Oct 13, 2011 01:01 PM
#3
Dorothy Parkinson
Asset location & Recovery Services - International, IT

Tommy,

Please read my post on retirement unclaimed funds & take it from there by contacting your former employer/s or go to your govenor's website for more assistance.

 

ASSET LOCATION & RECOVERY SERVICES

888-398-5703

Oct 14, 2011 11:44 AM