Ever wonder how long unclaimed money will be there for you?
Kentucky has given the answer to that question. It came about because some Kentucky tobacco growers have unclaimed money waiting for them in state coffers.
In June, as part of the Phase II Tobacco Settlement program, checks totaling more than $863,000 were returned to the state. Approximately 5,000 checks were returned because no forwarding address was left, the forwarding address had expired, the recipient was deceased or the post office box was closed.
The checks were among 164,000—totaling $114 million—that were sent out.
The June checks will expire this year (June 2006). If their recipients do not collect, the money will go into an unclaimed property fund. After three years, the state may spend the money.
Are you interested in looking through a database for unclaimed money? You can at www.CashUnclaimed.com. Just follow the easy steps and within minutes all state and federal databases will be searched and you will know if you have cash waiting to be claimed.
