If the Midwest is America’s breadbasket, it might largely be because of KS, who’s Sumner County is called The Wheat Capital of the World. According to recent articles, the KS State Treasury’s Unclaimed Money Division has become a basket for something even more valuable. Not something you can eat, but definitely more desired – American money in the form of Kansas unclaimed money.
More than 20 million dollars in KS unclaimed money is taken in by the state each year. These funds are from forgotten financial assets turned over by banks, insurance companies and other financial entities who are required by law to pass them along to the state after three to five years depending on the type of property. Forgotten funds are from old checking accounts, abandoned savings accounts, bonds, dividends, old paychecks, child support payments, alimony payments, and other similar properties whose owners have somehow forgotten about or inherited without knowing it.
Kansas State Treasurer, Lynn Jenkins, attempts to reunite as much of the unclaimed money in KS with the state’s residents via outreach events and programs for owners of the KS unclaimed money. Her office sets up booths in public places like shopping malls and the Kansas State Fair in Hutchinson. An average of 700 is given back annually at the fair to mostly surprised owners of the missing money. “We always look forward to attending the fair,” Jenkins noted in a recent press release. “It gives us an opportunity to meet fellow Kansans and for them to search our records for their lost or forgotten cash and property.” “As always, we were very impressed with the fair organizers and the city of Hutchinson,” she went on to say. “The State Fair is a good old fashioned family tradition and part of what makes our state so great.”
According to the NAUPA, the National Association of Unclaimed Property Administrators,, Treasury Departments in each of the 50 states are holding on to more than $35 billion in unclaimed assets, owed to American citizens. Unclaimed property outreach programs such as the one KS State Treasurer Jenkins promotes are only slightly making up for the lack of a centralized government database for unclaimed assets. Roughly 928,303 owners of about $200 million in unclaimed money in KS are still unaccounted for though, and the KS Unclaimed Money Division of the Treasury Department will hang on to the KS unclaimed money until residents and other citizens nationwide step forward to claim it.
Luckily, people do not need to wait for the KS State Fair to come around in order to see if they are owed KS unclaimed money. The individual states maintain databases for unclaimed money owners now and an unclaimed money search can be done anywhere there’s an Internet connection. So, if you need extra funds ASAP, you can actually do an internet search right now from where you are. The difficult part is doing a search for unclaimed money in multiple state databases (a good idea for those who have lived in various states). A national centralized database for unclaimed money does not exist, so it’s quite easy to go on an internet wild goose chase if you don’t know where and how to look.
Tags: ks unclaimed funds, ks unclaimed money, kansas missing money, kansas unclaimed property, kansas unclaimed assets, ks missing money, unclaimed money in kansas, kansas, kansas unclaimed, ks, ks unclaimed assets, ks lost money, kansas unclaimedmoney, kansas unclaimed funds, kansas lost money, kansas unclaimed money, ks unclaimedmoney, kansasunclaimedmoney, ks found money, kansas found money, unclaimed money in ks, ks unclaimed cash, kansas unclaimedproperty, ksunclaimedmoney, ks unclaimed property, ks unclaimed money search, kansas unclaimed money search, ks unclaimed, kansas unclaimed cash
-
Ill. Lottery Looking For Unclaimed Jackpot Winners – CBS 2 Chicago
The Illinois Lottery is looking for unclaimed jackpot winners. There is $28,000 in unclaimed prizes from last years St. Patricks Day raffle that expire by close of business tomorrow – Tuesday, March 17. If no one comes forward for the cash by …
MONEY: Find Your Unclaimed Funds – NBC4 Columbus
CENTRAL OHIO —Old savings accounts. Forgotten layaways. Monies from a relative. Stocks. Dividends. Insurance policies. Thousands of Ohioans have unclaimed funds. NBC 4 helps you with Found-Money Fridays. Thousands of Ohioans have money they don’t …
Internal Revenue Service seeks 45,100 Michigan residents who have $42 … – Ann Arbor News Blog
Welcome to the Money Matters blog, a place to share your ideas, comments and concerns regarding a very hot topic these days: money. I hope to post items here that may help you with your finances, give you ideas on how to save money and spend it …
Entries (RSS)