People search.
There are several states looking for people that have unclaimed money. You could also be one of the fortunate ones.
Both Mississippi’s and Louisiana’s state treasuries hold unclaimed funds, stocks and money residents own but do not necessarily know they have.
Indiana Attorney General Steve Carter has more than $300 million to give away to rightful owners.
The money, which private businesses turn over to the state, could be anything from an overpaid utility bill to stocks a great-grandparent had. The amounts also vary. Unclaimed property also passes down from one generation to another.
When a company cannot find the rightful owner to return it, the money is held by the state treasury. There is no deadline to claiming this property.
Mississippi recently printed a booklet listing everyone who has money to claim, but not everyone searches for property. Part of the reason is if you’re not aware that perhaps your father or grandfather had an account at a local bank, why would you search for something you don’t know exists. Another reason is that the words unclaimed property can be misleading, because there is really no land involved.
Still, enough people filed claims to set records this year. Louisiana set a single-year refund and collection record when they refunded $15 million and collected $48.3 million said.
People and businesses can search for their names and the names of associates and relatives by visiting www.CashUnclaimed.com. This site includes all state and federal databases for a comprehensive search.
