Unclaimed-Funds.com

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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