Some Hoosiers have something to cheer about.
Indiana has over $325 million in unclaimed property. The state is currently looking to find homes for these wayward dollars.
Two Indiana papers will publish a list of names March 22nd and 29th. The list includes all unclaimed assets that were turned over to the state in 2005.
You may be on the list if you have forgotten or lost investment earnings, insurance proceeds or benefits, wages, dormant bank accounts, unclaimed utility deposits, stocks, or safe-deposit boxes. The list does not include real estate or physical property, except for contents of safe-deposit boxes.
Hoosiers recovered a record $26 million in property last year, a $5 million increase from 2004, according to the attorney general’s office.
It was the fifth consecutive year that a record amount of unclaimed property was returned to Hoosiers. However, more than $325 million exists in unclaimed property in the state.
When a bank, insurance company or other business has not had account activity for a set period of time, usually five to seven years the unclaimed property is reported to the state. The state then does take actions to find property owners.
You can do a money search and also find your lost assets. This is a simple way to search all state and federal databases with one entry. You did read that right, one entry of your name and a search of each state and federal database is done. More good news is you will also have information on how to claim that found money.
