Posts Tagged “al unclaimed property”
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I was searching the internet recently for the latest news and an article on modern day treasure hunters caught my eye. It appears that for some Americans who have metal detectors, looking for treasure in the FL Keys has turned in to more than a hobby and has made some serious money. Rusted antiques and occasionally gold and silver bullion from sunken Spanish galleons are just some of the finds. Very interesting news.
Burried treasures aren’t the only riches available for citizens hoping to go on a hunt for treasure though. After reading the article on treasure hunting scuba divers, I saw another news post about Alabama unclaimed money, stating that the state treasurer has recently given away as much as $23 million of it to the state’s residents in just one year’s time. Well really, the phrase ‘given away’ is kind of not accurate - ‘given back’ is the better verb to use as the Ala. missing money actually belonged to the people that received it in the first place. The large value of these assets given back may be due to the State Treasurer’s Unclaimed Money Program that attempts to heighten the awareness of residents about abandoned cash. Lists of the names of the owners of these funds are placed in public places like state fairs and shopping malls. Booths are also set up by employees of the Ala. Treasury Department’s Unclaimed Money Div. in these public places - providing free help in doing an Ala. search.
When residents relocate or find new jobs, they often lost track of assets such as stock dividends, uncollected salary checks, income tax refunds, etc. by not leaving a proper forwarding address. People also pass away without leaving a will and their assets are supposed to be given to their closest living relative who sometimes can’t be located due to a change of address or name. Items from contents of forgotten safe deposit boxes are also deemed unclaimed property under Ala. law. These items are passed along to the state after a ‘dormancy period’, which varies state to state. The dormancy period for unclaimed property in Ala. is five years for most types of financial assets and 1 year for salary checks. Items forgotten in safe deposit boxes are passed along to the state and are auctioned off to the public and the money is returned to the state treasurer’s office where it can still be claimed by the true owners at any time in the future.
According to Kay Ivey, Alabama State Treasurer, “We’ve still got $373 million that belongs to people in every nook and cranny in Alabama,” and she adds “Go online or call us, and if you find your name and you can prove you are who you say you are, my staff and I would love to send you a check.”
According to experts 70% of Americans are due a portion of the more than 35 billion dollars in unclaimed property, which is currently held by the individual Treasury Departments across the country in all 50 states. A citizen can have abandoned assets in several states if he or she has relocated a lot or if they have several relatives across the country. It’s important to do a thorough money search to keep from missing out on your lost cash.
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Government Might Owe You Money - KNx 1070 LOS ANGELES (KNX 1070 NEWSRADIO) — Congressman Brad Sherman has a link to a government list of unclaimed stimulus checks. CLICK BELOW To see if you are on the list of Los Angeles County residents who are owed tax money
$130,000 Lottery ticket unclaimed (The Daily Democrat) The California Lottery is still on the lookout for a player who purchased a winning MEGA Millions ticket in Woodland one month ago and has yet to claim their prize.The ticket hit five of six winning numbers in the March 20 drawing, missing only the Mega number, and is worth $130,151.
Florida has $28M for child support, can’t find recipients (Orlando Sentinel) Florida is sitting on that much money for child support but can’t find recipients At a time when Florida families increasingly struggle to pay bills, the state is sitting on $28 million in child-support payments that it has not distributed — largely because it can’t find the parents who are owed the money.
Talk About Travel: Great Smoky Mountains, Dublin, More (Washington Post) Post travel editors and writers field questions and comments.
AZ homeless shelters get $771K - Arizona Daily Star PHOENIX — Gov. Jan Brewer announced $771,000 in state grants to homeless shelters Thursday, with $50,000 going to help Pima County residents. The grants were provided through the Arizona Housing Trust Fund — a pot of money derived from the state …
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Posted by: admin in Uncategorized
I was searching the internet recently for the latest news and an article on modern day treasure hunters caught my eye. It appears that for some Americans who have metal detectors, looking for treasure in the FL Keys has turned in to more than a hobby and has made some serious money. Rusted antiques and occasionally gold and silver bullion from sunken Spanish galleons are just some of the finds. Very interesting news.
Burried treasures aren’t the only riches available for citizens hoping to go on a hunt for treasure though. After reading the article on treasure hunting scuba divers, I saw another news post about Alabama unclaimed money, stating that the state treasurer has recently given away as much as $23 million of it to the state’s residents in just one year’s time. Well really, the phrase ‘given away’ is kind of not accurate - ‘given back’ is the better verb to use as the Ala. missing money actually belonged to the people that received it in the first place. The large value of these assets given back may be due to the State Treasurer’s Unclaimed Money Program that attempts to heighten the awareness of residents about abandoned cash. Lists of the names of the owners of these funds are placed in public places like state fairs and shopping malls. Booths are also set up by employees of the Ala. Treasury Department’s Unclaimed Money Div. in these public places - providing free help in doing an Ala. search.
When residents relocate or find new jobs, they often lost track of assets such as stock dividends, uncollected salary checks, income tax refunds, etc. by not leaving a proper forwarding address. People also pass away without leaving a will and their assets are supposed to be given to their closest living relative who sometimes can’t be located due to a change of address or name. Items from contents of forgotten safe deposit boxes are also deemed unclaimed property under Ala. law. These items are passed along to the state after a ‘dormancy period’, which varies state to state. The dormancy period for unclaimed property in Ala. is five years for most types of financial assets and 1 year for salary checks. Items forgotten in safe deposit boxes are passed along to the state and are auctioned off to the public and the money is returned to the state treasurer’s office where it can still be claimed by the true owners at any time in the future.
According to Kay Ivey, Alabama State Treasurer, “We’ve still got $373 million that belongs to people in every nook and cranny in Alabama,” and she adds “Go online or call us, and if you find your name and you can prove you are who you say you are, my staff and I would love to send you a check.”
According to experts 70% of Americans are due a portion of the more than 35 billion dollars in unclaimed property, which is currently held by the individual Treasury Departments across the country in all 50 states. A citizen can have abandoned assets in several states if he or she has relocated a lot or if they have several relatives across the country. It’s important to do a thorough money search to keep from missing out on your lost cash.
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IRS: Unclaimed 05 tax returns for Oregonians total about $16M - kgw.com PORTLAND, Ore. — Need a little extra money? The federal government has $16 million laying around for some 21,000 Oregonians. The Internal Revenue Service reports that there are about 21,000 Oregon residents who did not file a federal income tax …
IRS has more than $105 Million for Texans who have not filed ‘05 taxes (The Atascocita Observer) Unclaimed refunds totaling more than $105 million are waiting for 103,000 Texans who did not file a federal income tax return for 2005, the Internal Revenue Service announced today. However, to collect the money, a return for 2005 must be filed with the IRS no later than April 15, 2009.
Oklahomans have $14.5 million in unclaimed tax refunds from 2005 - KFOR OKLAHOMA CITY (AP) — There is about $14.5 million in unclaimed tax refunds from 2005 due to about 17,000 Oklahomans. And the deadline to claim the money is April 15. Internal Revenue Service spokesman David Stell says the money is income taxes …
Missed filing 2005 taxes? $609 refund could be waiting - Detroit Free Press About 45,000 people in Michigan may want to file a 2005 tax return to get an average unclaimed refund of $609. To collect that money, taxpayers would need to file that 2005 return by April 15. If the 2005 return is not filed by then, the unclaimed …
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I’m always shocked to learn that there are people out there who are still skeptical about unclaimed property. I guess it’s just tough for some to image that there are literally BILLIONS OF DOLLARS just waiting to be found and claimed by people, just like YOU!
For those of you who remain skeptics about unclaimed money, let this week’s unclaimed funds story from the Birmingham Business Journal be a smoking gun for you:
Alabama’s treasury department reported Tuesday that a record $23 million has been paid out in unclaimed property so far this year - and another $373 million is still available for collection.
(Emphasis mine. Read the rest here)
That translates to $396 million, of which only $23 million has been collected!!! What are you Alabamans waiting for!? Wouldn’t you rather have that found money than let the government hold on to it? I mean, sure it’s exciting, picturing your money sitting on paper in a file in some state office… but wouldn’t a vacation or paid bills be just a little more exciting?
I always tell people that they need to stop giving up on their unclaimedproperty search so easily, when an online search from some internet site turns up no records or bogus records intended to make people chase their tails.
The fact that OVER 94% of the unclaimed money in Alabama still not been claimed proves my point - people don’t know how to search. UnclaimedMoney.net teaches you search strategies and points you towards resources that the other sites won’t.
Did you know searching online won’t cover all of your bases? Did you know there is unclaimed money out there that hasn’t been turned over to the state yet, and thus no record exists in the state databases? These challenges can be overcome with UnclaimedMoney.net’s help.
As for anyone living in AL, I suggest you get moving on searching for and claiming all that Alabama Unclaimed Money. Your state is sitting on heap of cash, and there’s a good chance some of it is yours!
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