Posts Tagged “west virginia unclaimed cash”
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Did you ever wonder what happens to abandoned bank accounts and other financial assets whose owners (and relatives of the original owners) can’t be found? The Unclaimed Property Law requires financial institutions and businesses to pass them along to the government after a certain ‘dormancy period’. These assets will remain in the hands of the State Treasury until the rightful owners claim them. The law also requires states to make efforts in getting the lost money back to their rightful owners. Some states show more efficiency than others when it comes to this and the state of West Virginia regularly places among the nation’s top 10 in rate of return, according to a recent statement by the State’s Treasury Department.
Jubilant West Virginia Residents all over the state have been getting unclaimed money checks from financial assets they forgot about at some point in time . In Harrison County, a total of $193,563 has been given back to a handful of residents of the state in less than three weeks – this according to a recent report. In Beckley, a total of $220 thousand in West Virginia unclaimed money checks were handed out, and an elderly South Charleston woman was given $23,000 worth of United States Savings Bonds that were in her deceased sister’s name. “To receive $23,000 that you basically didn’t know existed is quite nice,” said Anne McConihay. “I had heard things about those bonds through the years but never saw any of them.” stated the 84-year-old McConihay who had also owned bonds purchased by her father but does not exactly recall what happened to them. “Ms. McConihay’s situation is a perfect example of why states should be given the responsibility of returning these bonds,” noted State Treasurer Perdue. “This money belongs to people, not the federal government. And states already have the systems and expertise in place to complete this mission.”
After receiving $117,000 from the State Treasury Office, Andy Bragg, of Southern West Virginia Paving said, “We were very surprised when the State Treasurer’s office called and told us they might have some unclaimed property that belonged to us.”
Despite efforts of award winning West Virginia State Treasurer John Perdue to give back missing money that belong to his state’s residents however, there is still roughly $110 million waiting to be discovered in West Virginia alone.
The West Virginia unclaimed money total is so massive for the same reasons the nationwide unclaimed money from lost assets has amassed to over $33 billion. According to State Treasurer John Perdue, unclaimed money can arrive from a variety of sources – mainly because people just plain forgot about them. “They may have a paycheck coming to them that they didn’t realize or some stock their grandparents purchased when they were a child and it was forgotten in a safety deposit box,” Perdue says. “There are all kinds of unclaimed property examples where money was forgotten.”
No matter the reason, residents of ‘The Mountain State’ always need to do an unclaimed money search in West Virginia and other states. The easiest and most convenient way is to do this online with the assistance of a legitimate unclaimed money expert who can show you the proper methods of doing thorough and effective searches for your unclaimed money as well as pre-escheat properties (lost assets that have not yet been handed over to the state).
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Solutions: Residents could have unclaimed property – Hanford Sentinel
(Editor’s note: This week’s Solutions section, starting on Page A5, is a goldmine of suggestions on how to make or save money. Make crafts and sell them, for one thing. Scale back on your vacation and take a hike. And when all else fails, here’s how …
Free money? Get your unclaimed treasure – KGO
BURLINGAME, CA (KGO) — The state could be holding money that should be in your pocket. It could even be holding a family heirloom. There are some big changes happening at the state’s unclaimed property division. Springtime in Burlingame seemed like …
Single parents struggle to get past due child support – Fort Lauderdale Sun-Sentinel
While many Florida families struggle to pay bills, the state is sitting on $28 million in child-support payments — largely because it says it can’t find the parents owed the money. Florida’s stockpile of undistributed child-support payments has more …
Lumberton woman indicted on theft charges (Burlington County Times)
TRENTON – A former clerk with the state Division of Taxation was indicted Monday for stealing unclaimed funds in 2006, the state Attorney General’s Office announced.
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Posted by: admin in Uncategorized
Did you ever wonder what happens to abandoned bank accounts and other financial assets whose owners (and relatives of the original owners) can’t be found? The Unclaimed Property Law requires financial institutions and businesses to pass them along to the government after a certain ‘dormancy period’. These assets will remain in the hands of the State Treasury until the rightful owners claim them. The law also requires states to make efforts in getting the lost money back to their rightful owners. Some states show more efficiency than others when it comes to this and the state of West Virginia regularly places among the nation’s top 10 in rate of return, according to a recent statement by the State’s Treasury Department.
Jubilant West Virginia Residents all over the state have been getting unclaimed money checks from financial assets they forgot about at some point in time . In Harrison County, a total of $193,563 has been given back to a handful of residents of the state in less than three weeks – this according to a recent report. In Beckley, a total of $220 thousand in West Virginia unclaimed money checks were handed out, and an elderly South Charleston woman was given $23,000 worth of United States Savings Bonds that were in her deceased sister’s name. “To receive $23,000 that you basically didn’t know existed is quite nice,” said Anne McConihay. “I had heard things about those bonds through the years but never saw any of them.” stated the 84-year-old McConihay who had also owned bonds purchased by her father but does not exactly recall what happened to them. “Ms. McConihay’s situation is a perfect example of why states should be given the responsibility of returning these bonds,” noted State Treasurer Perdue. “This money belongs to people, not the federal government. And states already have the systems and expertise in place to complete this mission.”
After receiving $117,000 from the State Treasury Office, Andy Bragg, of Southern West Virginia Paving said, “We were very surprised when the State Treasurer’s office called and told us they might have some unclaimed property that belonged to us.”
Despite efforts of award winning West Virginia State Treasurer John Perdue to give back missing money that belong to his state’s residents however, there is still roughly $110 million waiting to be discovered in West Virginia alone.
The West Virginia unclaimed money total is so massive for the same reasons the nationwide unclaimed money from lost assets has amassed to over $33 billion. According to State Treasurer John Perdue, unclaimed money can arrive from a variety of sources – mainly because people just plain forgot about them. “They may have a paycheck coming to them that they didn’t realize or some stock their grandparents purchased when they were a child and it was forgotten in a safety deposit box,” Perdue says. “There are all kinds of unclaimed property examples where money was forgotten.”
No matter the reason, residents of ‘The Mountain State’ always need to do an unclaimed money search in West Virginia and other states. The easiest and most convenient way is to do this online with the assistance of a legitimate unclaimed money expert who can show you the proper methods of doing thorough and effective searches for your unclaimed money as well as pre-escheat properties (lost assets that have not yet been handed over to the state).
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Does the state owe you money? Thousands of Illinoisans on the … – Belleville News Democrat
The state lists unclaimed properties (Bureau County Republican)
PRINCETON — The Illinois Treasurer’s office is looking for about 2,800 residents whose address, or last known address, was in Bureau County. Those people have some unclaimed cash or property coming to them.
NYS Holding $9 Billion In Unclaimed Funds (WCBS-TV New York)
Do you need some extra cash? Forget checking your coat pockets or under the sofa cushions. As CBS 2 HD found out, you could have a big chunk of change waiting for you and all you have to do to get your hands on it … is ask . The odds of winning the New York State Lottery are 18 million to 1. But take a gamble at the New York State Comptroller’s Web site and chances are 1 in 10 you will hit the …
Unclaimed Money and Free Makeup – Associated Content
Unclaimed Money and Free MakeupAssociated Content, CO - Jan 20, 2009This unclaimed money is usually owed t o taxpayers who fail to take all the tax exemptions to which they are legally entitled, leaving a lot of free money …
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Do you have unclaimed funds? – Mail Tribune
Do you have unclaimed funds?Mail Tribune, OR - Jan 25, 2009The Treasury Department also keeps a list of unclaimed money held by federal agencies. The largest pot of money, as of the end of September, belonged to the …
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