[r85] Unclaimed Property: It Could Be Yours (5/12/2010)

Wednesday, May 12, 2010

Start Date: 5/12/2010 All Day
End Date: 5/12/2010

 

STATEHOUSE- There is over $17 million in unclaimed property that belongs to Hoosiers in Northeast Indiana and $350 million statewide. Rep. Phyllis Pond (R-New Haven) joined Attorney General Greg Zoeller at the Ivy Tech campus in Ft. Wayne for the announcement.

Unclaimed property comes in the form of investment earnings, insurance proceeds, benefits, wages, and money from savings and checking accounts. Even utility deposits are commonly forgotten about and fall under this category. The unclaimed property is held by the state for 25 years.

"People may change jobs and forget about their final paycheck," Rep. Pond said. "I encourage everyone to look up their name as well as friends, family, and neighbors you just never know what money you, or someone you know, might be missing."

In 2009, more than 23,000 new properties were added from ten counties in Northeast Indiana totaling $2.4 million. Allen County residents alone are missing out on nearly $12 million.

However, there were many success stories as Hoosiers all over the state were able to claim more than 55,000 properties last year totaling $42.2 million. Northeast Indiana residents were able to get their hands on $2.3 million of the unclaimed property.

Not all unclaimed property comes in the form of money. Approximately one percent of unclaimed property is tangible items typically found in safety deposit boxes. The attorney general noted that the physical unclaimed property did not include abandoned vehicles, real estate or other such items.  

"You can claim the money yourself without the help of a third party," Rep. Pond said. "It's always smart to watch out for scammers and people who claim they need to help you find your property. Just go the website or call the number and take care of claiming your property on your own."

Residents wanting to check and see if they have any unclaimed property can do so by visiting http://www.indianaunclaimed.com/ or calling 1-866-IN-CLAIM (462-5246).