April 12, 2012

South Dakota Unclaimed Funds – Part 2 of 2

(Part 2 of 2)

Upon first learning about unclaimed funds, the big question most people have is – How could people possibly abandon that amount of money? There are a number of reasons, but believe it or not there actually are tens of billions up for grabs across the nation. More often than not, though, it is as simple as not providing everyone with the right forwarding address. Once a check of some kind is returned to an asset holder, or a holder just loses contact with the owner, a "dormancy period" begins. The dormancy period is a period of time which must be exceeded before the monies are determined to be abandoned or "unclaimed", and then handed over to the state for holding purposes.

There are a number of types of properties that can become unclaimed funds if left inactive for a long enough period of time, but the State Treasury's site lists the following as the most common: checking accounts, savings accounts, stocks, unpaid wages or commissions, un-cashed dividends, underlying shares, certificates of deposit, customer deposits or overpayments, refunds, credit balances, paid-up life insurance policies, money orders, gift certificates, and un-cashed benefits checks. Each of these types of accounts has its own unique dormancy period. In SD, these periods range from 1 year to 15 years, depending on what type of asset is being dealt with.

While the majority of people are totally in the dark about abandoned assets owed to people by the government, a few are aware of these funds. But even those few that are aware generally have no clue how to correctly search for them and take back what belongs to them. To start with, only a few unclaimed search web sites have accurate records in their listings, and even less have remotely recently updated records. With millions being handed over every year, spread out over thousands of accounts, the state simply can't update the records in real time, leaving residents searching listings that are often not complete. This problem is even worse when we take in to account the varying dormancy periods which means that showing no results on a given day may be misleading if a particular asset isn't due to be handed over to the state for another year, or number of years.

The best way to ensure all possible lost assets has been located is to learn what experienced searchers do to overcome these, and many other issues, and then use their strategies in your own searches.

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April 9, 2012

South Dakota Unclaimed Funds – Part 1 of 2

(Part 1 of 2)

The bottom slice of bread in the Dakota sandwich is recognized as the home to Mt. Rushmore, but SD is holding something just as valuable but not nearly as known. The Office of the State Treasurer currently holds tens of millions of dollars in South Dakota unclaimed money that is owed to people living in the state. With one of the smallest state populations in the country, SD residents have excellent odds of locating money owed to them, if they learn where to look.

Stepped-up efforts by the state to hand back lost money to the rightful owners have led to the giving back of about $2.2 million annually in recent years, but the vast majority still doesn't get returned, as an average of $6.7 million is handed over to the state every year. This essentially means that the state's fund grows by about $5 million annually. So even though the State Treasurer lists no solid total, it is reasonable to assume that they are holding in excess of tens of millions.

(to be continued)

California holding $6 billion in unclaimed money
Could you use a little cash? The state of California is holding $6 billion in unclaimed money, even celebrities' money.

REGION: Does the court owe you money?
There's a lot of unclaimed money at the local court, and if it isn't claimed soon, it's headed for the court's coffers. The court's website has a list of people who are owed money.

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New Yorkers can find out if they are owed some of the state’s $11 billion in

Money Matters: Is offer of unclaimed money a scam?
There are ways to check out asset recovery services, but before you spend money with one of these businesses try to find the money yourself.

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April 5, 2012

South Dakota Abandoned Assets – Part 2 of 2

(Part 2 of 2)

While most citizens are completely in the dark about abandoned assets owed to people by the government, a few are aware of these funds. But even those few that are aware generally have no idea how to correctly search for them and claim what belongs to them. For starters, only a few unclaimed search websites have accurate records in their listings, and even less have remotely recently updated records. With millions being handed over every year, spread across thousands of accounts, the state can't possibly update their listings in real time, leaving residents searching databases that are often very incomplete. This problem is multiplied when we factor in the varying dormancy periods which means that showing no results on a given day could be misleading if a particular asset isn't due to be turned over to the state for another year, or even a few years.

The best way to ensure all possible lost assets have been located is to learn what professional searchers do to overcome these, and quite a few other issues, and then use their strategies in your own searches.

Free
Nearly 6,000 Alaskans may lose out on collecting about $640 each in

Glendale assumes ownership of thousands of dollars in
Eighteen people got a collective $11,470 back from the city at the last minute Tuesday before about $157,000 in

Thousands of new names on
The

Find out if the state is holding your unclaimed money, property
While Kendrick Perkins and Richard Seymour are both notable sports figures who departed Massachusetts franchises for other professional destinations, they also have something else in common: They both could soon be collecting money from the Massachusetts Treasury, which has identified hundreds of thousands of new individuals, charities and businesses over the last six months alone that are …

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April 1, 2012

South Dakota Abandoned Assets – Part 1 of 2

(Part 1 of 2)

The bottom slice of bread in the Dakota sandwich is well known as the home to the monument Mt. Rushmore, but SD is holding something equally valuable but not nearly as known. The Office of the State Treasurer currently holds tens of millions of dollars in South Dakota unclaimed money that is owed to people living in the state. With one of the lowest state populations in the nation, SD citizens have very good odds of tracking down money owed to them, if they figure out where they should look.

Increased efforts by the state to hand back lost money to the rightful owners have led to the giving back of roughly $2.2 million annually in recent years, but the vast majority still goes unreturned, as an average of $6.7 million is turned over to the state every year. This essentially means that the state's total grows by roughly $5 million annually. So while the State Treasurer lists no solid total, it's safe to assume that they're holding at least tens of millions.

Upon first learning about unclaimed funds, the big question most people have is – How is it possible that people abandon that much money? There are a number of reasons, but believe it or not there actually are tens of billions up for grabs across the nation. More often than not, though, it's as simple as not providing everyone with the right forwarding address. Once a check of some sort is sent back to an asset holder, or a holder simply loses contact with the owner, a "dormancy period" begins. The dormancy period is a period of time which must pass before the cash is deemed to be abandoned or "unclaimed", and then passed along to the state for holding purposes.

There are a number of types of properties that can become unclaimed funds if left inactive for a long enough time period, but the State Treasury's web site lists the following as the most common: savings accounts, checking accounts, unpaid wages or commissions, stocks, underlying shares, un-cashed dividends, customer deposits or overpayments, certificates of deposit, credit balances, refunds, money orders, paid-up life insurance policies, un-cashed benefits checks, and gift certificates. Each of these account types has its own unique dormancy period. In SD, these periods range from 1 year to 15 years, depending on what type of property is being dealt with.

(to be continued)

Glendale assumes ownership of thousands of dollars in
Eighteen people got a collective $11,470 back from the city at the last minute Tuesday before about $157,000 in

Disabled vet finds he has thousands in
the

Thousands in Unclaimed Cash Could Be Yours
The Virginia Department of the Treasury is participating in a Fairfax workshop to help people collect unclaimed money.

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March 29, 2012

Lost Money in South Dakota – Part 2 of 2

(Part 2 of 2)

There are a variety of kinds of properties that can become unclaimed property if left dormant for a long enough period of time, but the State Treasurer's website lists the following as the most common: checking accounts, savings accounts, stocks, unpaid wages or commissions, un-cashed dividends, underlying shares, certificates of deposit, customer deposits or overpayments, refunds, credit balances, paid-up life insurance policies, money orders, gift certificates, and un-cashed benefits checks. Each of these account types has its own unique dormancy period. In South Dakota, these periods range from 1-15 years, depending on what kind of property is being discussed.

While the majority of people are totally clueless about abandoned assets owed to people by the government, a few do know about these funds. But even those few that are aware usually have no idea how to correctly locate them and take back what is rightfully theirs'. To start with, only a few unclaimed search websites have real records in their listings, and even fewer have remotely recently updated records. With millions being handed over each year, spread out over thousands of accounts, the state simply can't update their listings in real time, leaving residents searching databases that are often very incomplete. This problem is multiplied when we take in to account the varying dormancy periods which means that showing no results on a given day may be misleading if a certain asset isn't due to be turned over to the state for another year, or number of years.

The best way to make sure all possible lost money has been located is to learn what experienced searchers do to overcome these, and quite a few other issues, and then use their advice in your own searches.

How to Find Your Missing Money
Is there money out there that's yours, just waiting for you to claim it? It's possible.


A new YouTube video reveals how an

Overlooked resources could lead you to unclaimed cash
Sometimes the easiest way to wrangle a few extra dollars is when someone gives them to you for free. That's right: There's approximately $33 billion in unclaimed money out there from old savings accounts, uncashed checks, utility deposits, refunds, rebates, stocks, safe-deposit boxes and inheritances, according to the U.S. Treasury Department and other government agencies.


Q: My mother passed away several months ago, and I was the executor. A firm called “Keane” contacted me about the possibility of some

Unclaimed bottle deposit money could go to stat conservation fund
BUFFALO — When Mary Lynne and Dan Kautz chose a place to hold their wedding reception, they didn't… – 7:11 pm

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March 25, 2012

Lost Money in South Dakota – Part 1 of 2

(Part 1 of 2)

The bottom slice of bread in the Dakota sandwich is well known as the home to the monument Mt. Rushmore, but South Dakota is holding something just as valuable but not nearly as known. The Office of the State Treasurer currently holds tens of millions of dollars in South Dakota unclaimed money that is owed to residents of the state. With one of the smallest state populations in the nation, South Dakota citizens have excellent odds of locating money owed to them, if they learn where they should look.

Stepped-up attempts by the state to reunite lost money with the rightful owners have led to the giving back of approximately $2.2 million each year in recent years, but most of it still goes unreturned, as an average of $6.7 million is turned over to the state each year. This essentially means that the state's total grows by roughly $5 million each year. So even though the State Treasury Department provides no exact total, it is safe to assume that they're holding in excess of tens of millions.

After first learning about unclaimed property, the main question most people have is – How could people possibly abandon that much money? There are a variety of reasons, but believe it or not there truly are tens of billions up for grabs across the nation. More often than not, though, it is as simple as not providing everyone with a correct forwarding address. Once a check of some sort is returned to a property holder, or a holder simply loses contact with the owner, it begins a "dormancy period". The dormancy period is a period of time which must go by before the monies are determined to be "unclaimed" or abandoned, and then handed over to the state for holding purposes.

(to be continued)

New ABC 7 Report Brings Light To California's
Pressbox (Press Release) – A new report on ABC 7 highlights the $6 billion

Is offer of
Q: My mother passed away several months ago, and I was the executor. A firm called “Keane” contacted me about the possibility of some

Guess who has
Guess who has

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March 21, 2012

Locating Unclaimed Property in South Dakota – Part 2 of 2

(Part 2 of 2)

Upon first learning of unclaimed money, the main question many people have is – How could people possibly abandon that much money? There are a number of reasons, but believe it or not there truly are tens of billions up for grabs across the nation. Most of the time, though, it's as simple as not providing everyone with a correct forwarding address. Once a check of some kind is returned to a property holder, or a holder simply loses contact with the rightful owner, a "dormancy period" begins. The dormancy period is a period of time which must pass before the money is deemed to be abandoned or "unclaimed", and then handed over to the state for holding purposes.

There are a number of kinds of accounts that can become unclaimed money if left inactive for a long enough time period, but the State Treasury's website lists the following as the more common: savings accounts, checking accounts, unpaid wages or commissions, stocks, underlying shares, un-cashed dividends, customer deposits or overpayments, certificates of deposit, credit balances, refunds, money orders, paid-up life insurance policies, un-cashed benefits checks, and gift certificates. Each of these types of accounts has its own unique dormancy period. In SD, these periods range from 1 year to 15 years, depending on what type of asset is being discussed.

While most citizens are completely clueless about abandoned assets owed to people by the government, a handful are aware of these funds. But even those few that are aware generally have no idea how to properly search for them and claim what is rightfully theirs'. For starters, just a few unclaimed search web sites have real records in their databases, and even fewer have somewhat recently updated records. With millions being turned over every year, spread across thousands of accounts, the state can't possibly update the records in real time, leaving residents searching databases that are often not complete. This problem is even worse when we take in to account the varying dormancy periods which means that getting no results one day may be misleading if a particular property isn't due to be turned over to the state for another year, or even a few years.

The best way to ensure all possible lost assets have been located is to learn what professional searchers do to sidestep these, and quite a few other issues, and then use their strategies in your own searches.


Under law, the

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March 18, 2012

Locating Unclaimed Property in South Dakota – Part 1 of 2

(Part 1 of 2)

The bottom slice of bread in the Dakota sandwich is well known as the home to the monument Mt. Rushmore, but SD is holding something equally valuable but much less known. The Office of the State Treasurer currently holds tens of millions of dollars in South Dakota unclaimed money that belongs to residents of the state. With one of the smallest state populations in the United States, SD residents have very good odds of tracking down money owed to them, if they figure out where to look.

Increased attempts by the state to hand back lost money to the actual owners have led to the giving back of about $2.2 million each year in recent years, but the vast majority still goes unreturned, as an average of $6.7 million is handed over to the state every year. This essentially means that the state's fund grows by about $5 million each year. So while the State Treasury Department lists no exact total, it is safe to assume that they are holding at least tens of millions.

(to be continued)


Under law, the


ALBANY — Ever wonder what happens to your nickel deposit whenever you toss a soda can or beer bottle without returning it? Under a bill receiving serious consideration in the state Legislature, most of it would go back into a state fund that …

California holding $6 billion in unclaimed money
Could you use a little cash? The state of California is holding $6 billion in unclaimed money, even celebrities' money.

California holding $6 billion in
SACRAMENTO, Calif. (KGO) — Could you use a little cash? The state of California is holding $6 billion in

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March 15, 2012

Locating South Dakota Unclaimed Assets – Part 2 of 2

(Part 2 of 2)

While the majority of people are totally clueless about forgotten funds owed to people by the government, a handful do know about these funds. But even those few that are aware generally have no clue how to properly locate them and take back what is rightfully theirs'. For starters, just a few unclaimed search sites have accurate records in their listings, and even less have somewhat recently updated records. With millions being turned over each year, spread out over thousands of accounts, the state simply can't update the records in real time, leaving residents searching databases that are often not complete. This problem is multiplied when we factor in the varying dormancy periods which means that showing no results one day might be misleading if a particular asset isn't due to be turned over to the state for another year, or number of years.

The best way to ensure all potential lost assets has been located is to learn what professional searchers do to sidestep these, and many other issues, and then use their strategies in your own searches.

Call Center Helps Residents Find Unclaimed Money
State Treasurer Lynn Fitch has set up a call center to help Mississippi residents find unclaimed money.

Dawson-Bryant High School receives funding for online student project
School officials were presented a check for $1,105.69 earlier this month from the Ohio Department of Commerce, Division of

Jefferson Township must use or lose $15,000 of block grant
Jefferson Township supervisors are trying to figure out how to spend

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March 11, 2012

Locating South Dakota Unclaimed Assets – Part 1 of 2

(Part 1 of 2)

The bottom slice of bread in the Dakota sandwich is well known as the home to Mt. Rushmore, but SD is holding something equally valuable but not nearly as known. The Office of the State Treasurer currently holds tens of millions of dollars in South Dakota unclaimed money that is owed to residents of the state. With one of the smallest state populations in the country, SD citizens have very good odds of tracking down cash owed to them, if they learn where they should look.

Increased efforts by the state to reunite lost money with the rightful owners have helped give back an average of $2.2 million annually in recent years, but most of it still goes unreturned, as an average of $6.7 million is handed over to the state each year. This basically means that the state's fund grows by roughly $5 million annually. So even though the State Treasurer gives no exact total, it's reasonable to assume that they're holding at least tens of millions.

Upon first learning of unclaimed money, the main question many people have is – How could people possibly abandon that much money? There are a variety of reasons, but believe it or not there actually are tens of billions up for grabs across the country. More often than not, though, it's as simple as not providing everyone with the right forwarding address. Once a check of some sort is returned to an asset holder, or a holder just loses contact with the rightful owner, it begins a "dormancy period". The dormancy period is a time period which must be exceeded before the cash is determined to be abandoned or "unclaimed", and then handed over to the state for safekeeping.

There are a variety of types of properties that can become unclaimed money if left inactive for a long enough period of time, but the State Treasurer's site lists the following as the most common: checking accounts, savings accounts, stocks, unpaid wages or commissions, un-cashed dividends, underlying shares, certificates of deposit, customer deposits or overpayments, refunds, credit balances, paid-up life insurance policies, money orders, gift certificates, and un-cashed benefits checks. Each of these types of accounts has its own unique dormancy period. In SD, these periods range from 1-15 years, depending on what type of property is being dealt with.

(to be continued)

Find out if the state is holding your unclaimed money, property
While Kendrick Perkins and Richard Seymour are both notable sports figures who departed Massachusetts franchises for other professional destinations, they also have something else in common: They both could soon be collecting money from the Massachusetts Treasury, which has identified hundreds of thousands of new individuals, charities and businesses over the last six months alone that are …

Find out if the state is holding your
While Kendrick Perkins and Richard Seymour are both notable sports figures who departed Massachusetts franchises for other professional destinations, they also have something else in common: They both could soon be collecting

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