Locating Unclaimed Cash in Georgia – Part 1 of 2

admin — Wed, 16 May 2012 08:05:04 +0000

(Part 1 of 2)

A report released recently by the Chattanooga Times announced that millions of dollars in Georgia lottery winnings go unclaimed in Georgia and TN. Officials from the lottery say this is mostly caused by people that buy lottery tickets while passing through and forget to see if they've won or not.

According to another news report though, a larger 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 gov. and most Georgians are not aware that it's out there. An elderly resident of the state, Catherine Westbrook, was completely aware though but she became frustrated when she attempted to get a twelve hundred dollar check from an old 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 getting her check 5 months later, adds: "I don't know why they take so long to write a check."

Georgia's Unclaimed Funds Law or escheat law (which originates from feudal laws in Great Britain) states that abandoned and forgotten assets such as uncashed checks, gift certificates, insurance premium overpayments, income tax refunds, bank accounts, uncollected wages, cash dividends on stocks and mineral deposits, and others are required 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 an official statement from Georgia's State Treasury. In a recent press release from the Georgia 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."

(to be continued)

–

Missouri City working to refund forgotten
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Verbatim: Millions in

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PA Treasury seeks to return $78K in
That includes the Pennsylvania Treasury’s

Locating Unclaimed Assets in GA – Part 2 of 2

admin — Sat, 12 May 2012 19:05:05 +0000

(Part 2 of 2)

Georgia's Unclaimed Funds Law or escheat law (which originates from feudal laws in Great Britain) states that abandoned and forgotten 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 are required to be handed 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 an official statement issued by Georgia's State Treasury. In a press release from the Georgia 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."

The Georgia Revenue Commissioner has since attempted to make some improvements in how the state department that handles missing money in Georgia, like replacing an old automated call center system with operators who can check the status of claims right away. 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, which is why enlisting the help of an unclaimed property expert is of the incredibly important.

–

Unclaimed money is piling up
In a country where deficits and poverty are rampant, unclaimed money is an irony — but a huge reality. Be it un-banked cheques, deposits with banks, finance companies and post-offices, or investment in tax saving schemes and life insurance policies, the unclaimed sums can be significant.

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Locating Unclaimed Assets in GA – Part 1 of 2

admin — Wed, 09 May 2012 15:05:04 +0000

(Part 1 of 2)

A report released recently in the Chattanooga Times stated that millions of dollars in Georgia lottery winnings go unclaimed in Georgia and TN. Officials from the lottery say this is largely caused by people that buy lottery tickets while they are driving through and forget to see if they've won or not.

According to another recent article though, a larger amount of Georgia unclaimed money is being held by the State Treasury Department. Hundreds of millions of dollars in abandoned assets are held by the state government and most residents are not aware of its existence. Catherine Westbrook, an elderly resident of the state was completely 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 getting the check 5 months after, adds: "I don't know why they take so long to write a check."

(to be continued)

–

Excellus: $1.25M in
Banks, utilities, investment companies and some other business also turn over

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Locating Georgia Lost Money – Part 2 of 2

admin — Sun, 06 May 2012 05:04:07 +0000

(Part 2 of 2)

The GA Revenue Commissioner has since attempted to make some improvements in how 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 look up the status of claims right away. 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, which is why utilizing the help of an unclaimed funds expert is of the extremely important.

–

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Locating Georgia Lost Money – Part 1 of 2

admin — Wed, 02 May 2012 17:04:05 +0000

(Part 1 of 2)

A recently released report in the Chattanooga Times announced that millions of dollars in GA lottery winnings go unclaimed in GA and Tennessee. Officials from the lottery say this is mostly due to people that buy lottery tickets while passing through and forget to see if they've won or not.

According to another recent article though, a bigger amount of Georgia unclaimed money is being held by the State Treasury Department. Hundreds of millions of dollars in forgotten funds 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 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 after, adds: "I don't know why they take so long to write a check."

GA's Unclaimed Money Law or escheat law (which originates from feudal laws in England) states that forgotten and abandoned properties such as uncashed checks, gift certificates, insurance premium overpayments, income tax refunds, bank accounts, uncollected wages, cash dividends on stocks and mineral deposits, and others are required 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 a statement from Georgia's State Treasury. In a recent press release from the GA Department of Revenue's Unclaimed Property 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."

(to be continued)

–

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Go to the

Locating Lost Unclaimed Money in Georgia – Part 2 of 2

admin — Sun, 29 Apr 2012 12:05:04 +0000

(Part 2 of 2)

Georgia's Unclaimed Funds Law or escheat law (which originates from feudal laws in Great Britain) states that abandoned and forgotten assets 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 are required to be handed over to the state after a certain 'dormancy period'. This period for Georgia 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 Georgia 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."

The Georgia Revenue Commissioner has since tried to make some improvements in the way that the state department that deals with missing money in Georgia, like replacing an old automated call center system with operators who can check the status of claims immediately. 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, and that is why enlisting the help of an unclaimed property expert is of the incredibly important.

–

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Locating Lost Unclaimed Money in Georgia – Part 1 of 2

admin — Wed, 25 Apr 2012 18:05:04 +0000

(Part 1 of 2)

A recent report by the Chattanooga Times announced that millions of dollars in Georgia lottery winnings go unclaimed in Georgia and Tennessee. Officials from the lottery say this is primarily due to people that purchase lottery tickets while passing through and forget to see if they have won or not.

According to another recent article though, a larger amount of Georgia unclaimed money is being held by the State Treasury Department. Hundreds of millions of dollars in forgotten funds are held by the state gov. and most residents are not aware of its existence. Catherine Westbrook, an elderly resident of the state was completely aware though but she became frustrated when she tried getting a $1200 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 later, adds: "I don't know why they take so long to write a check."

(to be continued)

–

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Locating GA Unclaimed Property – Part 2 of 2

admin — Sat, 21 Apr 2012 23:05:04 +0000

(Part 2 of 2)

The GA Revenue Commissioner has recently tried to make some improvements with regards to the state department that handles missing cash in GA, like getting rid of an old automated call center in favor of operators who can look up the status of claims right away. 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, which is why enlisting the assistance of an unclaimed funds expert is of the incredibly important.

–

W.Va. treasurer says singer Jason Mraz has
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W.Va. treasurer says singer Jason Mraz has unclaimed money, likely from 2010 concert
CHARLESTON, W.Va. – West Virginia's treasurer wants Jason Mraz to come pick up his money.

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Locating GA Unclaimed Property – Part 1 of 2

admin — Wed, 18 Apr 2012 22:05:04 +0000

(Part 1 of 2)

A recently released report by the Chattanooga Times announced that millions of dollars in GA lottery winnings go unclaimed in GA and TN. Lottery officials say this is largely due to people that buy lottery tickets while they are passing through and forget to check if they have won or not.

According to another recent article though, a larger amount of Georgia unclaimed money is being held by the State Treasury Dept.. Hundreds of millions of dollars in forgotten funds are held by the state government and most Georgians are not aware of its existence. Catherine Westbrook, an elderly resident of the state was very aware though but she became frustrated when she tried getting 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 receiving the check 5 months later, 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 Great Britain) states that forgotten and abandoned assets 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 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 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."

(to be continued)

–

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Hometownstations.com-WLIO- Lima, OH News Weather SportsPop singer Jason Mraz has unclaimed money in W.Va.
CHARLESTON, W.Va. (AP) – West Virginia's treasurer wants Jason Mraz to come pick up his money. Treasurer John Perdue said Tuesday the pop singer's name is on a list of people due unclaimed property in the state.

That means that you can still claim your refunds going back to 2008–as long as you file a 2008 income tax form by Tuesday, April 17. Think you're owed

Singer Jason Mraz has unclaimed money in W.Va.
CHARLESTON, W.Va. — West Virginias treasurer wants Jason Mraz to come pick up his money. Treasurer John Perdue said Tuesday the pop singers name is on a list of people due unclaimed property in the state. Perdue didnt specify how much money but sai…

Locating GA Unclaimed Funds – Part 2 of 2

admin — Sun, 15 Apr 2012 12:05:04 +0000

(Part 2 of 2)

Georgia's Unclaimed Funds Law or escheat law (which originates from feudal laws in England) states that forgotten and abandoned assets such as uncashed checks, gift certificates, insurance premium overpayments, income tax refunds, bank accounts, uncollected wages, cash dividends on stocks and mineral deposits, and others are required to be handed over to the state after a specified 'dormancy period'. This period for Georgia 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 from Georgia's State Treasury. In a press release from the Georgia Department of Revenue's Unclaimed Property 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 recently attempted to make some improvements with regards to the state department that deals with missing money in Georgia, like replacing an old automated call center system with 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,".

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 utmost importance.

–

Unclaimed Bank Cash To Fund 'Big Society'
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PA Treasurer McCord: As Statutory Unclaimed Property Reporting Deadline Nears, Treasury Records Highest March …
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Georgia Unclaimed Money

Locating Unclaimed Cash in Georgia – Part 1 of 2

Locating Unclaimed Assets in GA – Part 2 of 2

Locating Unclaimed Assets in GA – Part 1 of 2

Locating Georgia Lost Money – Part 2 of 2

Locating Georgia Lost Money – Part 1 of 2

Locating Lost Unclaimed Money in Georgia – Part 2 of 2

Locating Lost Unclaimed Money in Georgia – Part 1 of 2

Locating GA Unclaimed Property – Part 2 of 2

Locating GA Unclaimed Property – Part 1 of 2

Locating GA Unclaimed Funds – Part 2 of 2