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Saturday, Apr. 30, 2016

Indiana still has unclaimed property

Thursday, July 6, 2006

Apparently Indiana residents just don't realize they have money waiting for them.

Indiana Attorney General Steve Carter has been actively reaching out to Indiana residents in hope to reunite them with their lost assets.

Indiana Unclaimed advertises all across the state to make people aware that they could have a sum of money hiding.

The state is divided into regions. Of those regions, the Terre Haute region has 109,087 properties totaling more than $15.5 million in assets. Clay County is included in that region and has more than $520,000 sitting with no one claiming ownership.

If you have moved, quit a job, forgotten about a safe-deposit box or changed banking institutions within the last seven years, you could have missing property.

After setting with the institution for five-seven years in an inactive account, the money left behind is turned over to the Attorney General's office.

The Attorney General's office has an influx of new properties each month and while many properties are claimed by their rightful owners, there is still a lot that goes unclaimed.

"While a record $26 million was returned in 2005, the amount of new assets turned into the state for safekeeping is three-times the amount that was paid last year," Carter said.

In 2005, a total of $71 million was turned over to the Attorney General's office, but only $26.1 million was claimed by residents in the state.

Money that has been lost can come from uncashed checks, utility deposits, trusts, securities, lost wages and mineral interests.

To find if you have unclaimed money, go to www.IndianaUnclaimed.com or call 866-462-5246. Remember to check back each and every couple of months as the list is constantly updated.

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