Georgia's Unclaimed Property Law or escheat law (which originates from feudal laws in Great Britain) states that forgotten and abandoned properties such as income tax refunds, bank accounts, uncollected wages, cash dividends on stocks and mineral deposits, uncashed checks, gift certificates, insurance premium overpayments, and others have to be turned over to the state after a certain 'dormancy period'. This period for Georgia is between 1 and 5 years for unclaimed financial assets. "Dormant funds are remitted to the State of Georgia. Demand deposit accounts are deemed to be dormant after 12 months and time and savings accounts are deemed to be dormant after a period of five years without activity", according to a statement from Georgia's State Treasury. In a recent press release from the Georgia Dept. of Revenue's Unclaimed Money Unit, "The time that must elapse for property to be determined "abandoned" and turned over to the state varies depending on the type of property. For example, unclaimed wages and company liquidation proceeds must be turned over to the state after one year. The vast majority of unclaimed property must be turned over to the state five years after the last contact with the rightful owner. Time frames for other types of property are: safe deposit box contents must be forwarded to the state two years after the box was opened by the holding financial institution; money orders seven years after the issue date; and traveler's checks 15 years from the issue date."
The Georgia Revenue Commissioner has since attempted to make some improvements with regards to the state department that deals with missing cash in Georgia, like replacing an old automated call center system with operators who can check the status of claims right away. recently stated, "From the time the claim form comes in the door, if we have everything we need, within 8 to 10 weeks, that person's going to receive a check,".
Greg Daugherty, Executive Editor of Consumer Reports, said "When I entered my own information, I didn't find anything belonging to me, but I did find some money belonging to a great aunt of mine who has since died, and would have left it to me." Greg isn't alone, which is why utilizing the assistance of an unclaimed funds expert is of the incredibly important.
Tour of 72 counties returns millions in assets Superior Telegram, MN - Dec 4, 2008 Under Wisconsin law, after one to five years of inactivity Wisconsin businesses are mandated to turn all unclaimed money, stock and safe deposit boxes to …
Money saving tips-Unclaimed money and property ABC12.com, MI - Nov 25, 2008 Thousands of people in Michigan do have money coming to them from the state treasury. That's where unclaimed money is sent. "(It) can be money on there from …
A recent report by the Chattanooga Times stated that millions of dollars in Georgia lottery winnings go unclaimed in Georgia and Tennessee. Lottery officials say this is primarily due to people that buy lottery tickets while driving through and forget to check if they have won or not.
According to another news report though, a bigger amount of Georgia unclaimed money is in the hands of the State Treasury Dept.. Hundreds of millions of dollars in forgotten funds are held by the state gov. and most residents are not aware that it exists. An elderly resident of the state, Catherine Westbrook, was very aware though and became frustrated when she tried getting a $1200 check from an abandoned life insurance policy. "When I didn't get it for two or three weeks, then I called and they would say, 'No, the check wasn't written, hasn't been written' — that's all they would tell me.", said Westbrook who, after receiving her check five months later, adds: "I don't know why they take so long to write a check."
Dormant accounts bill becomes law, but with pledge to review Charity Finance, UK - Dec 3, 2008 New legislation that enables unclaimed money in dormant bank accounts to be used for good causes has received Royal Assent, but the government has promised …
Man's Suspicious Request About Unclaimed Money Prompts Warning Hartford Courant, United States - Nov 10, 2008 The reports list names and addresses of people who are owed unclaimed money, and sometimes Social Security numbers. That raises concern about the potential …
Lost money returned to Bluffton couple WTOC, GA - 12 hours ago The building and her money on TV. See Missing money found and still unclaimed. "I just started screaming and I started pounding on him saying, 'that's us! …
Street cleaner finds $20,000 shredded (Moldova.org) A street cleaner in Lincoln, England, says police have allowed him to keep a bag containing an estimated $20,000 in shredded cash he found in a trash bin.Graham Hill said he took the carrier bag containing the cut-up money to police after discovering it while emptying trash bins. The shredded currency was returned to him after it remained unclaimed for six months, the Daily Mail reported …
The GA Revenue Commissioner has recently tried to make some improvements in how the state department that handles missing money in GA, like getting rid of an old automated call center in favor of operators who can look up the status of claims immediately. Tim Shields, a manager with the revenue department, "From the time the claim form comes in the door, if we have everything we need, within 8 to 10 weeks, that person's going to receive a check,".
Executive Editor of Consumer Reports, Greg Daugherty, said "When I entered my own information, I didn't find anything belonging to me, but I did find some money belonging to a great aunt of mine who has since died, and would have left it to me." Greg isn't alone, and that is why utilizing the assistance of an unclaimed property expert is of the utmost importance.
Unclaimed money may be yours The Cherokeean Herald, TX - Nov 4, 2008 However, many more residents have unclaimed property that was not published. To find out if a person has money in the state treasury go to the state …
A report released recently in the Chattanooga Times stated that millions of dollars in GA lottery winnings go unclaimed in GA and TN. Lottery officials say this is mostly caused by people that buy lottery tickets while passing through and forget to check if they've won or not.
According to another news report though, a bigger amount of Georgia unclaimed money is being held by the State Treasury Department. Hundreds of millions of dollars in missing money are held by the state government and most Georgians are unaware that it exists. An elderly resident of the state, Catherine Westbrook, was very aware though but she became frustrated when she attempted to get a twelve hundred dollar check from a forgotten life insurance policy. "When I didn't get it for two or three weeks, then I called and they would say, 'No, the check wasn't written, hasn't been written' — that's all they would tell me.", stated Westbrook who, after getting her check 5 months after, adds: "I don't know why they take so long to write a check."
GA's Unclaimed Funds Law or escheat law (which originates from feudal laws in England) states that forgotten and abandoned properties such as income tax refunds, bank accounts, uncollected wages, cash dividends on stocks and mineral deposits, uncashed checks, gift certificates, insurance premium overpayments, and others have to be turned over to the state after a specified 'dormancy period'. This period for GA is between 1 and 5 years for unclaimed financial assets. "Dormant funds are remitted to the State of Georgia. Demand deposit accounts are deemed to be dormant after 12 months and time and savings accounts are deemed to be dormant after a period of five years without activity", according to an official statement from Georgia's State Treasury. In a recent press release from the GA Department of Revenue's Unclaimed Money Unit, "The time that must elapse for property to be determined "abandoned" and turned over to the state varies depending on the type of property. For example, unclaimed wages and company liquidation proceeds must be turned over to the state after one year. The vast majority of unclaimed property must be turned over to the state five years after the last contact with the rightful owner. Time frames for other types of property are: safe deposit box contents must be forwarded to the state two years after the box was opened by the holding financial institution; money orders seven years after the issue date; and traveler's checks 15 years from the issue date."
Do you have unclaimed money? WPTV, FL - Nov 24, 2008 If you’re from another state, Sink says Florida’s website can even link you to other states’ websites in case you have forgotten unclaimed cash sitting in …
Come Get Your Money — $266 Million Worth ABC News - Nov 25, 2008 "We want people to get reunited with their money," joked IRS spokesperson Eric Smith. The unclaimed money goes back into the Treasury until its recipients …
Unclaimed Tax Refunds (WSFA 12 Montgomery) BIRMINGHAM - The Internal Revenue Service is looking for Alabama taxpayers who are missing more than 5,300 economic stimulus checks…
State may claim unclaimed bottle deposits (Connecticut Post) HARTFORD (AP) — Gov. M. Jodi Rell is proposing that state government take control of the millions of dollars in bottle and can deposits that soda and beer drinkers in Connecticut leave unclaimed
IRS may owe you some money (Cape Cod Times) Taxpayers who believe their economic stimulus checks are among those that went astray must update their addresses with the IRS by tomorrow.
GA's Unclaimed Funds Law or escheat law (which originates from feudal laws in Great Britain) states that forgotten and abandoned properties such as bank accounts, income tax refunds, uncashed checks, uncollected wages, insurance premium overpayments, gift certificates, cash dividends on stocks and mineral deposits, and others have to be handed over to the state after a certain 'dormancy period'. This period for GA is 5 years and less for unclaimed financial assets. "Dormant funds are remitted to the State of Georgia. Demand deposit accounts are deemed to be dormant after 12 months and time and savings accounts are deemed to be dormant after a period of five years without activity", according to an official statement issued by Georgia's State Treasury. In a press release from the GA Dept. of Revenue's Unclaimed Money Unit, "The time that must elapse for property to be determined "abandoned" and turned over to the state varies depending on the type of property. For example, unclaimed wages and company liquidation proceeds must be turned over to the state after one year. The vast majority of unclaimed property must be turned over to the state five years after the last contact with the rightful owner. Time frames for other types of property are: safe deposit box contents must be forwarded to the state two years after the box was opened by the holding financial institution; money orders seven years after the issue date; and traveler's checks 15 years from the issue date."
The GA Revenue Commissioner has since attempted to make some improvements with regards to the state department that deals with missing money in GA, like getting rid of an old automated call center in favor of operators who can check the status of claims right away. According to Tim Shields, a manager with the revenue department, "From the time the claim form comes in the door, if we have everything we need, within 8 to 10 weeks, that person's going to receive a check,".
Greg Daugherty, Executive Editor of Consumer Reports, said "When I entered my own information, I didn't find anything belonging to me, but I did find some money belonging to a great aunt of mine who has since died, and would have left it to me." Greg isn't alone, and that is why enlisting the assistance of an unclaimed money expert is of the utmost importance.
Man's Suspicious Request About Unclaimed Money Prompts Warning Hartford Courant, United States - Nov 10, 2008 The reports list names and addresses of people who are owed unclaimed money, and sometimes Social Security numbers. That raises concern about the potential …
Unclaimed money may be yours The Cherokeean Herald, TX - Nov 4, 2008 However, many more residents have unclaimed property that was not published. To find out if a person has money in the state treasury go to the state …
A report released recently by the Chattanooga Times announced that millions of dollars in GA lottery winnings go unclaimed in GA and Tennessee. Lottery officials say this is primarily due to people that buy lottery tickets while passing through and forget to see if they have won or not.
According to another recent article though, a bigger amount of Georgia unclaimed money is in the hands of the State Treasury Dept.. Hundreds of millions of dollars in missing money are held by the state gov. and most residents are unaware that it's out there. Catherine Westbrook, an elderly resident of the state was completely aware though and became frustrated when she attempted to get a twelve hundred dollar check from an abandoned life insurance policy. "When I didn't get it for two or three weeks, then I called and they would say, 'No, the check wasn't written, hasn't been written' — that's all they would tell me.", said Westbrook who, after receiving the check five months later, adds: "I don't know why they take so long to write a check."
(to be continued)
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New 'Unclaimed Funds' List Out (WPTZ Plattsburgh) When a check from a business or organization is not cashed or deposited after a period of years, and contact with the recipient is lost, the money becomes "Unclaimed Property" under care of the state treasurer.
Man's Suspicious Request About Unclaimed Money Prompts Warning Hartford Courant, United States - Nov 10, 2008 The reports list names and addresses of people who are owed unclaimed money, and sometimes Social Security numbers. That raises concern about the potential …
Do you have unclaimed money lying around? NEWS.com.au, Australia - Nov 4, 2008 "Unfortunately, most Australians haven't checked to find out if they too have unclaimed money.'' When contacted by a member of the public, ASIC consultants …
The Georgia Revenue Commissioner has since attempted to make some improvements in how the state department that deals with missing cash in Georgia, like replacing an old automated call center system with operators who can check the status of claims right away. According to Tim Shields, a manager with the revenue department, "From the time the claim form comes in the door, if we have everything we need, within 8 to 10 weeks, that person's going to receive a check,".
Executive Editor of Consumer Reports, Greg Daugherty, said "When I entered my own information, I didn't find anything belonging to me, but I did find some money belonging to a great aunt of mine who has since died, and would have left it to me." Greg isn't alone, and that is why utilizing the assistance of an unclaimed funds expert is of the incredibly important.
Clayton woman reclaims missing money 10 years later WRAL.com, NC - Oct 22, 2008 The North Carolina Department of the State Treasurer holds unclaimed property – for example, money from bank accounts, leftover paychecks, old insurance …
Man's Suspicious Request About Unclaimed Money Prompts Warning Hartford Courant, United States - Nov 10, 2008 The reports list names and addresses of people who are owed unclaimed money, and sometimes Social Security numbers. That raises concern about the potential …
Arizona may owe you money KVOA.com, AZ - Nov 13, 2008 In August, we caught up with Scott Brittenham who is owed money by the state. He filed a claim with the state for the unclaimed property held in his name. …
ASIC calls on WA to claim missing $1.3m NEWS.com.au, Australia - Nov 11, 2008 THE Australian Securities and Investments Commission has renewed its call for West Australians to stake their claim in over $1.3 million in unclaimed money. …
A recent report in the Chattanooga Times stated that millions of dollars in Georgia lottery winnings go unclaimed in Georgia and Tennessee. Lottery officials say this is largely caused by people that purchase lottery tickets while they are passing through and forget to see if they've won or not.
According to another news report though, a bigger amount of Georgia unclaimed money is being held by the State Treasury Dept.. Hundreds of millions of dollars in missing money are held by the state gov. and most Georgians are unaware that it exists. Catherine Westbrook, an elderly resident of the state was very aware though but she became frustrated when she attempted to get a $1200 check from an abandoned life insurance policy. "When I didn't get it for two or three weeks, then I called and they would say, 'No, the check wasn't written, hasn't been written' — that's all they would tell me.", said Westbrook who, after receiving her check 5 months later, adds: "I don't know why they take so long to write a check."
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