In Illinois, the state treasurer is tasked with safeguarding unclaimed property, such as unpaid life insurance benefits, forgotten bank accounts and unused rebate cards.īecause unclaimed property is reported to the treasurer's office twice a year, it is recommended individuals check the database every six months. Unclaimed property refers to money or accounts within financial institutions or companies in which there has been no activity for several years and the legal owner has not responded to inquiries by the business. To find out if you have unclaimed property in Illinois, visit Links to other state programs can be found here. A Metro East library received over $3,000.$12,000 was returned to condo association in Rogers Park in Chicago.A Catholic school in Rockford received more than $2,100.Ernest Ulrich, an Army veteran from Chicago, left $2.1 million to be split between The Salvation Army, Little Brothers Friends of the Elderly, The Chicago Lighthouse for People Who Are Blind, Goodwill Industries of Metro Chicago and Shriners Hospitals for Children.A southern Illinois woman received $140,000 from a life insurance policy.A Chicago-area woman received $4.4 million from an estate claim.Here is a small sampling of the hundreds of thousands unclaimed property returns made by the Treasurer's Office in 2021: The number of successful claims for unclaimed property per year has more than tripled. The $1.3 billion milestone was possible because Frerichs prioritized changes in technology, efficiency, and state law to streamline the unclaimed property process. Since 2015, $1.3 billion in unclaimed property has been returned, the most that has been returned in the program's 60-year history. "It is your money and should be returned to you."Īn estimated one-in-four people in Illinois find unclaimed property, and the average claim is $1,000. "States are required to return unclaimed property to its owner no matter how long it takes," said Kathleen Lobell, director of Louisiana Unclaimed Property and president of National Association of Unclaimed Property Administrators. 1, 2021, to inform more people about unclaimed property. Press Release - Wednesday, NovemJOLIET Governor JB Pritzker and the Illinois Department of Transportation (IDOT) were joined today by local officials and community leaders to celebrate several important milestones on the 1. The National Association of Unclaimed Property Administrators launched the first National Unclaimed Property Day on Feb. Pritzker Announces Key Milestones Reached on 1.3 Billion I-80 Corridor Project. 1, you can check our website today at /ICASH and find out if you or someone you know has cash or property to claim." The Illinois State Treasurers Offices online unclaimed money database is free to use. "We know when we get money back in the hands of residents, it does more good for our economy than sitting in a bank," Frerichs said. 1, states across the country will celebrate National Unclaimed Property Day to raise awareness and encourage people to check if they have cash or property owed to them, Illinois Treasurer Michael Frerichs said. Join us right now and get access to the top catalogue of browser-based templates.On Feb. There are already over 3 million people making the most of our rich library of legal documents. Rapidly produce a IL I-Cash Claim Form without needing to involve specialists.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |