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Unclaimed Funds
Posted by: patrick Date: February 22, 1998 at 12:40:54
In Reply to: Re: Dialing for Dollars by Bonnie F. of 1484

Many states require that funds, say in an old checking account,
which lie dormant for 7-10 years must be turned over to the state.
The state in turn, by law, must attempt to find the rightful owner
(or heirs) and return accordingly.

For example, some 30 years ago I did a short stint taking kids
pictures in K-Marts. After I quit, there was $40 in commissions
that I didn't realize I had coming. Since I moved and the company
couldn't find me, after 7 years they turned this money over to
the state. In the days before the internet, every March, Texas
would publish a list of names of people with unclaimed funds in
the newspapers. Now with the internet, some of them have on-line
searches - the kikker being that not necessarially all names will
be listed on-line - Texas may or may not list amounts under $50
where Ohio apparently lists any amt...

I think it's Kentucky that also has a monthly "treasure hunt".
The state becomes owner of various assundry stuff, say through
lingering probates or whatever...this month they have a very
beautiful and old pocket watch...if you can prove ownership or
that it belonged to your direct ancestor, you become the owner...

Anywho, last March I had heard about the Texas search but just
recently realized that other states had info on the net as well.
Guess it's always fun looking for buried treasure - and Ohio
turned up 2 names in my wife's line of people we didn't realize
existed - one of them may lead to quite a genealogical treasure
so to speak! (here's hoping) So, whatever the case, have fun...

patrick.


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