States looking to give money away
Some states have money that doesn’t belong to them, so they are looking for rightful owners. Every state has a method of returning unclaimed money.
OK, if you are wondering how a state can have your money, here are some ways:
* Dormant bank accounts including savings, checking, safe-deposit box
* Stocks, bonds, mutual funds, and dividends
* Wages or child support payments
* Utility deposit
* Estates
* Uncashed cashier's checks or money orders
The property listed above is sent to the state after the parties holding onto the property cannot find the rightful owner. Then the state is charged with the duty of finding the rightful owner to return the property. Each state has their own laws on how the property is turned over to the state and manners in which to claim the property.
Currently some states are working harder at returning the unclaimed property.
During July a public awareness campaign by the Indiana Attorney General’s Office has promoted via newspaper, television and billboard advertisements how to claim this unclaimed money.
Colorado has given their campaign the name of “The Great Colorado Payback”. Illinois calls their attempts to return money “Cash Dash” and are currently setting up booths at County Fairs.
These extra promotions have increased the amounts returned to rightful owners. In Louisiana the 2006 fiscal year ended with 48.3 million collected and 15.6 million returned which is a record for the State.
Have you lived in several states and unsure of how to access those states? By using CashUnclaimed.com you can do a free money search of all state and federal databases with just one entry of your name. Yes, you will not have to click to each state and put in all variations of your name. CashUnclaimed.com has taken all the extra work out of the search.
