Unclaimed-Funds.com

Louisiana’s State Treasury Department has hundreds of millions in unclaimed funds from lost assets that residents have forgotten about or abandoned. These properties include uncashed payroll checks, old bank accounts, stocks and stock dividends, royalties, utility deposits, interest payments, insurance proceeds, retirement benefits, and the contents of abandoned safe deposit boxes. By law, organizations and businesses are required to turn these over to the state if their owners do not claim them after a period of 3 to 5 years for most assets. A huge piece of the $330 million total Louisiana unclaimed money comes from unclaimed savings bonds. State Treasurer John Kennedy is trying to reunite matured abandoned United States savings bonds as well as other types of Louisiana abandoned property with approximately one in every six of the state’s residents.

Over 80,000 people in Baton Rough alone, owed almost 27 million dollars, are listed in the Louisiana unclaimed funds databases. The State Treasurer recently stated, “The state owes Louisiana residents millions of dollars in unclaimed property, and we want to give this money back.” Louisiana’s Unclaimed Property Law requires the State Treasury Dept. to print names of businesses and individuals who are owed money in newspapers across the state annually on top of making other attempts to seek out the rightful owners. At an “Awareness Day” that was held at the Lakeside Shopping Center, the Louisiana Dept. of Treasury gave back $133,000 in unclaimed funds owed to residents of New Orleans. “This was one of the largest unclaimed property events we’ve ever had,” said Treasurer Kennedy. “We estimate that we had around 3,000 people in attendance over a five hour period. The average unclaimed property claim is typically around $200 to $400, but one individual at the mall claimed more than $20,000.”

The majority of people do not know about government missing money which is one of the main reasons why the total unclaimed funds and cash in the United States currently stands at roughly $35 billion. Tough to believe and a bit ironic, but people also lose track of their money in their haste to earn more of it – especially in the fast paced lives we lead now. Working multiple jobs, skipping from job to job, changing of address or names (due to marriage), retiring, and death are all things that can cause us to lose track of financial assets belonging to us. Mailed checks and financial notices can be sent back to sender if people do not leave behind forwarding addresses (which can happen in emergencies). Disasters such as hurricanes in the past have displaced a number of families, which is sure to cause the already whopping unclaimed property fund in Louisiana to grow larger. Government efforts to reach out to the owners of unclaimed funds are not sufficient in returning all of the 330 million dollars currently in the hands of the state. Residents are encouraged to take matters in to their own hands and do a search for lost cash in Louisiana as well as other states. Louisiana unclaimed funds claims for $250 or more must be notarized, but it’s possible to do a claim online for less than $249. Web searches can be relatively simple and quick – the hard part is knowing where to search.

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Teague, Denish talk about federal stimulus funding for rural areas (Valencia County News-Bulletin)
Lt. Gov. Diane Denish and U.S. Rep. Harry Teague spoke to Valencia County residents last week to spread awareness about unclaimed stimulus money. Both officials spoke at two separate town halls Wednesday in Belen and Los Lunas to spread the word about funding access for rural communities.

Need money? Check unclaimed funds – Mansfield News Journal
If your tax refunds are less than what you had hoped and you could use some more money, when was the last time you checked to see if you had any other money out there just waiting for you to claim it? The Ohio Department of Commerce’s Division of …

Ohio must pay interest on unclaimed funds – Cincinnati.com
The Ohio Supreme Court has handed a little tax-season gift to thousands of people who have drawn money from the state’s unclaimed-funds account over the past 18 years. People who have received funds from the account since 1991 are entitled to …

Government Might Owe You Money (KNX 1070 Los Angeles)
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.

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Louisiana’s State Treasury Department has hundreds of millions in unclaimed funds from lost assets that residents have forgotten about or abandoned. These properties include uncashed payroll checks, old bank accounts, stocks and stock dividends, royalties, utility deposits, interest payments, insurance proceeds, retirement benefits, and the contents of abandoned safe deposit boxes. By law, organizations and businesses are required to turn these over to the state if their owners do not claim them after a period of 3 to 5 years for most assets. A huge piece of the $330 million total Louisiana unclaimed money comes from unclaimed savings bonds. State Treasurer John Kennedy is trying to reunite matured abandoned United States savings bonds as well as other types of Louisiana abandoned property with approximately one in every six of the state’s residents.

Over 80,000 people in Baton Rough alone, owed almost 27 million dollars, are listed in the Louisiana unclaimed funds databases. The State Treasurer recently stated, “The state owes Louisiana residents millions of dollars in unclaimed property, and we want to give this money back.” Louisiana’s Unclaimed Property Law requires the State Treasury Dept. to print names of businesses and individuals who are owed money in newspapers across the state annually on top of making other attempts to seek out the rightful owners. At an “Awareness Day” that was held at the Lakeside Shopping Center, the Louisiana Dept. of Treasury gave back $133,000 in unclaimed funds owed to residents of New Orleans. “This was one of the largest unclaimed property events we’ve ever had,” said Treasurer Kennedy. “We estimate that we had around 3,000 people in attendance over a five hour period. The average unclaimed property claim is typically around $200 to $400, but one individual at the mall claimed more than $20,000.”

The majority of people do not know about government missing money which is one of the main reasons why the total unclaimed funds and cash in the United States currently stands at roughly $35 billion. Tough to believe and a bit ironic, but people also lose track of their money in their haste to earn more of it – especially in the fast paced lives we lead now. Working multiple jobs, skipping from job to job, changing of address or names (due to marriage), retiring, and death are all things that can cause us to lose track of financial assets belonging to us. Mailed checks and financial notices can be sent back to sender if people do not leave behind forwarding addresses (which can happen in emergencies). Disasters such as hurricanes in the past have displaced a number of families, which is sure to cause the already whopping unclaimed property fund in Louisiana to grow larger. Government efforts to reach out to the owners of unclaimed funds are not sufficient in returning all of the 330 million dollars currently in the hands of the state. Residents are encouraged to take matters in to their own hands and do a search for lost cash in Louisiana as well as other states. Louisiana unclaimed funds claims for $250 or more must be notarized, but it’s possible to do a claim online for less than $249. Web searches can be relatively simple and quick – the hard part is knowing where to search.

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The news out of Louisiana hasn’t been great over the past couple of years, but the one silver lining for LA residents is unclaimed property. The Louisiana State Treasury is currently holding more than $330 MILLION dollars that belong to everyday folks. Or if you like the sound of it better, a total of a third of a BILLION dollars.

The Advocate reported on all that Louisiana unclaimed money today:

When Nick Saban comes to Baton Rouge in November 2008, he could swing by the state treasury to pick up his $1,278 in unclaimed property.

Saban’s money, from 35 shares of White Oak Grove Stock Fund, is among the more than $330 million in unclaimed property in the care of the state Treasury Department.

The article went on to tell how much was returned just this year:

Almost $50 million has been returned to Louisiana residents in fiscal year 2007, according to a treasury news release.

Keep in mind that while $50 million was returned, tens of millions are added to the unclaimed funds database EACH YEAR. The missing money just keeps piling up, as only a small slice of the pie is claimed each year, and more is added all the time.

State Treasurer John Kennedy is quoted in the article, and explains LA unclaimed money this way:

Unclaimed property comes to the treasury from payroll checks never cashed, abandoned bank accounts, oil and gas royalties, insurance proceeds and unclaimed deposits, Kennedy said.

“People move more today,” Kennedy said. “We’re living in a much more mobile society.”

These days it seems like unclaimed money in Louisiana is going out to people of all stripes. Kennedy has returned stacks of cash to both celebrities and unsuspecting regular people:

Kennedy once returned $1,600,000 to a retired New Orleans schoolteacher whose husband bought some securities without telling her before his death.

There’s a good chance you’re owed some of these unclaimed funds, but the only way to know for sure is to perform a thorough search with the assistance of veterans in the found money game.

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