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Archive for June, 2012

Missouri Returns $36.5 Million Worth of Unclaimed Property

Wednesday, June 13th, 2012

In the 2012 fiscal year, the state of Missouri has returned over $36.5 million to it’s residents, which is a record in returns for unclaimed property for the state. The number has amount to 123,000 Missouri residents who have found their unclaimed property.

Despite the fact that Missouri has returned $119 million since 2009, the state treasury still holds on to $700 million in unclaimed property, belonging to 4.3 million accounts.

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$57 Million in Unclaimed Property in Vermont

Tuesday, June 12th, 2012

Vermont state treasurer, Beth Pearce, announced $57 million in unclaimed property receipts in their state. Beth Pearce has been urging citizens of Vermont to search for their unclaimed money. According to Pearce, people should be checking for their unclaimed money at least once a year.

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Websites Can Help Find Your Unclaimed Money

Friday, June 8th, 2012

As reported on KGMI News, Washington State is holding millions in unclaimed money, as are most other states in the U.S. To be exact, Washington is holding on to $817 million, mostly in the form of unclaimed paychecks, deposits and life insurance, which is all being held by the government.

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What Happens with Expired Unclaimed Lottery Money

Thursday, June 7th, 2012

Unclaimed lottery money has been a front-runner in the source of the unclaimed money piles the state governments are sitting on. Last year, California reported around $17.25 million in terms of lottery money alone that went totally unused, as there was nobody to claim them. Where does all this money go, is what everyone wants to know.

The current estimate of unclaimed lottery money in California comes around to be around $17.25 million, but the figures are still being confirmed by the lottery agencies of California. The main reason behind the accumulation of such huge amount is the human nature of becoming forgetful in the long run and people fail to match the figures of the winning numbers with what they have purchased.

Indiana Residents: You Have $360 Million in Unclaimed Money

Wednesday, June 6th, 2012

Indiana’s government is holding on to $360 million in unclaimed money that belongs to their state’s residents. This unclaimed money is an easy way for the residents to make quick, “free’ cash!

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Kentucky’s Unclaimed Property Event Successful

Tuesday, June 5th, 2012

According to the Lane Report, Kentucky recently held an event to return their unclaimed property. This event proved to be very successful and over $500,000 was returned to unclaimed property owners in Frankfort, KY.

Over 200 people came to the 4 hour event on June 1st, and 131 claims were started on this unclaimed property. The refund amounts started as as little as $10, and increased to several hundreds of dollars.

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Over $2.6 Million in Wisconsin Unclaimed Lottery Money Remains Unclaimed

Monday, June 4th, 2012

Over $2.6 million in unclaimed lottery money went unclaimed in the last fiscal year in Wisconsin. In total, over the last 14 years, $47.5 million unclaimed lottery money went unclaimed.

Lottery spokesman, Andrew Bohage, claims this large amount of unclaimed money is due to the fact that everyone is so focused on the jackpot rather than the smaller winnings one can win when playing the Lottery. If they have not hit the jackpot, they throw their ticket away, even if they might have won a smaller jackpot.

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Indiana Residents: You Have $360 Million in Unclaimed Property

Friday, June 1st, 2012

Indianan holds $360 million in unclaimed property or money. 43% of that comes form securities. About 16% comes from lost wages and payroll and only %15 comes from checks.

The United States as a while has $33 billion in unclaimed money. Only about $1.5 billion is returned each year.

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