Minnesota Unclaimed Property – 230 Million Dollars and Counting
Minnesota is trying to return over $230 Million dollars to it’s rightful owners. The Star Tribune reporter Kara McGuire wrote that her husband recently recovered $124
Minnesota’s unclaimed property law mandates that companies turn assets over to the state if they can’t locate the rightful owner within three years. There are many other sources of unclaimed money, property and funds. It can be from lost tax refunds, insurance settlements, old bank accounts and safe deposit boxes.
The article reported that “The contents of abandoned safe-deposit boxes are kept for a decade and then sold in a public auction. At the most recent state auction in 2003, a 1795 half-dollar sold for $27,500, a baseball autographed by Lou Gehrig and other famous players sold for $7,500 and a large jar of marbles brought in $45.”
It is estimated that nearly $30 Billion dollars are being held nationwide for millions of people.
To find out how much unclaimed property you are owed – visit CashUnclaimed.com
