State Senator Dan Rutherford is trying to
locate constituents who may be the owners of lost or abandoned property.
Dan Rutherford is working with the Illinois
State Treasurer's office in a cooperative effort to find the
owners of unclaimed assets under the Uniform Disposition of Unclaimed Property
Act.
Many area residents have assets waiting to
be claimed. Most claims will be assets of at least one‑hundred dollars.
These unclaimed assets generally consist of
checking or savings accounts, dividends, uncashed payroll checks and safe
deposit box contents, although they could consist of nearly any unclaimed
financial asset.
Under the Act, after assets have been
abandoned or inactive for five years, the holder of the property
must attempt to locate the owner. If the effort fails, the assets are turned
over to the Illinois State Treasurer’s Office. The Treasurer then holds the
assets indefinitely until they are claimed by the owner or heirs of the estate.
If you are on the list, you need to write to
the Illinois State Treasurer’s Office. The address for the State Treasurer’s
Office is:
Illinois State Treasurer
Unclaimed Property Division
PO Box 19495
Springfield, IL 62794‑9495
Inquiries must be in writing and include the
name and address and county of residence of the claimant.
The State
Treasurer’s Office will provide you with specific information about the amount
or type of asset being held and how to claim it.
The lists are released Quarterly and names do not carry forward to the next
Quarter's list. There is a chance that new Unclaimed Property is identified and
a person's name would appear on more than one list. It is advisable to search
each list.
