Over 200,000 individuals in Kentucky have unclaimed property in the form of jewelry, coins, land and even cash, according to the Kentucky State Treasury.
Kentucky treasury currently holds over $150 million in unclaimed property just waiting for individuals to claim it.
According to the Treasury, after a period of about three years abandoned savings or checking accounts, non-cashed checks, and travelers checks are turned over to the state. Most of the time people forget that the account exists or the owners have died and the heirs don’t know about the property.
Kentucky State Treasurer Todd Hollenbach serves as custodian of all unclaimed property surrendered to the state. He says that he is committed to returning all unclaimed property to the residents of Kentucky.
Hollenbach states in a recent press release, “most of the properties are in the form of cash. From old insurance policies to stocks and bonds to leftover bank accounts are unclaimed. There are more than 20,000 unclaimed items stored in the treasury vault including a Joe DiMaggio autographed baseball, some silver bullion, jewelry, and gold coins. It’s our duty to help return these items to the rightful owners.”
Since 2008, Hollenbach’s Treasure Finder’s Program has returned a record $64 million in unclaimed property. Currently, there are 3,300 unclaimed properties with the name Franklin attached, 2,300 with Washington, 2,200 Jeffersons, 17 with the name Independence and seven with Patriot.
According to the treasury, recently Kentucky’s unclaimed property fund joined MissingMoney.com, a national database of unclaimed property. By typing your name in the space provided on the website, you can search the national database to determine if you or a loved one have unclaimed property in any of the member states.
To check for unclaimed property you may visit http://www.kytreasury.com/ and click on the unclaimed property search, then simply enter your name in the search box. To search nationwide you may click on the missing money icon on the unclaimed property search page. If you don’t have access to a computer or the Internet, you may call the Kentucky State Treasury toll free at 1-800-465-4722.
Chase Smith is a staff writer for the Middlesboro Daily News. She can be contacted at 606-248-1010 or email@example.com.