Dr. Vivian Blevins And then
May 30, 2014
This is not an ad. I am not an attorney. I am not attempting to scam you. If you’re interested, keep reading.
Yesterday I filed electronically for $499 that was in the credit union I used when I lived in California. I expect a check in a week to 10 days. I can always use that money.
Why didn’t that credit union send me the balance in my account when I left California over a decade ago? Their records show I was living in Piqua, Calif., and of course, there’s no such place. California reports that it has 6.9 billion owed to 24.9 million individuals and organizations. I’m happy to relieve them of my few dollars.
As of December 2013, Kentucky had $300 million in unclaimed property owned by 200,000 individuals.
Every year there is unclaimed property in the form of bank accounts, proceeds from class action lawsuits, security deposits, tax refunds, wages and other items in states throughout the country. Once these items are turned over to the state, the burden of claiming the property is yours.
You ask, “Should I get legal help to get what is owed me?” No, unless you want to pay that attorney a percentage of what is recovered.
Your next question: “How do I find out if there’s anything out there that I should be claiming?” Spend a little time using your Google search engine and type in “Unclaimed property in _____” The blank is for the name of the state. Check every state where you have lived or worked.
Click on “Search unclaimed property,” put in your information, and wait for results.
Each state has its own regulations on the types of properties and the regulations governing each. It’s especially important to notice deadlines for applying.
The Kentucky website is as follows: https://secure.kentucky.gov/treasury/unclaimedproperty.
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