(Part 2 of 2)

Unclaimed property is handed over to the Treasury Office when forgotten funds are not returned to their owners after a given period. The 'dormancy period' for Wisconsin abandoned funds is 5 years. Forgotten properties can come from numerous sources – lost or unused gift checks, uncashed savings and salary checks, forgotten bank accounts, lost traveler's checks, stock dividends, and other financial assets that have been forgotten about or otherwise abandoned. The only tangible assets covered under the Wisconsin Unclaimed Funds Law are contents of safety deposit boxes that have been deemed abandoned. The State Treasurer's Office tries to track down the owners of coins, jewelry, family heirlooms, pocket watches, sports cards, etc. but ultimately resorts to auctioning them off at eBay after 3 years. "There are a lot of safety deposit boxes that get turned over to us which a lot of people don't tell their kids, 'Hey we have a safety deposit box.' So we actively search for those owners for three years and if we can't find them we auction off the contents of the boxes. We do that on eBay," said State Treasurer Dawn Marie Sass.

According to Wisconsin's State Treasurer in a recent interview during a report by the Wisconsin Radio Network, they just run out of space to keep all of the unclaimed properties as they keep piling up each year. "We do actively search for people for up to three years and then after that time, because we don't have a lot of space, we do have these auctions", she stated in a recent report. The proceeds from these items are then held on to by the state like other unclaimed monetary assets and are used by the state until the righful owners step forward and claim them. "Until we can find an owner or an heir, yes, we do use the profits to support our office…", said Sass. The money from auctioned unclaimed items in Wisconsin may still be claimed at any time in the future though. "You know there are people who, you know, may be in the service and are stationed over seas for five, six, seven years and then they come back and realize that their, you know, mother's safety deposit box was turned over. So, you know, they had no way of knowing that before they came back year, so we always keep the money earmarked for whoever that belonged to, so they never lose out." Sass adds. The interest that is earned on these assets helps fund things such as Wisconsin low-interest loans to municipalities and school libraries.

According to the State Treasurer, one of the largest checks for Wisconsin unclaimed money handled by her office was worth 750 thousand dollars. All the more reason that residents should do an unclaimed funds search and see if they have some Wisconsin 'cheese' with the State Treasurer.

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115 people in NNY have
According to a news release issued by Excellus BlueCross BlueShield, the state requires insurers each year to make a list of

One out of 10 Massachusetts residents has some

Pop singer Jason Mraz has unclaimed money in W.Va.
West Virginia's treasurer wants Jason Mraz to come pick up his money.

$1M cost for $400K donation
A bill to send unclaimed money at airports to the USO would come at a price.

Does MetLife owe your family
At least 15,000 Florida families whose elders long ago bought pennies-a-week life insurance may be owed roughly $9 million in never-paid benefits from MetLife, state officials say. Agents for the insurance giant went door-to-door until 1964 …

(Part 1 of 2)

Wisconsin is home to a lot more American treasures than just milk and cheese. America's Dairyland is also home to Harley Davidson Motorcycles, the Green Bay Packers, and catfish (Potosi, WI). A fun fact I just picked up about Green Bay that few know about is that it's also the world toilet paper capital. There is another kind of paper that can be found piled up in Wisconsin's Treasury Dept. though – the green, good-smelling kind. Yes, Wisconsin unclaimed money totaling nearly $400 million is in the State Treasurer's hands and they are hoping to reunite it with over one million people who are owed their fair share.

(to be continued)

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Jackson Hewitt® Reminds Taxpayers About More Than $1 Billion in
States with the highest number of

Pop singer Jason Mraz has unclaimed money in W.Va.
West Virginia's treasurer wants Jason Mraz to come pick up his money.

Police: Fallon Senior Center Funds Embezzled
Fallon Police Chief Kevin Gehman says a significant amount of money has been embezzled from the Churchill County Senior Center.

(Part 2 of 2)

According to WI's State Treasurer in a recent interview during a report by the WI Radio Network, they simply run out of space to store all the unclaimed properties as they keep piling up each year. "We do actively search for people for up to three years and then after that time, because we don't have a lot of space, we do have these auctions", she stated in a recent report. The proceeds from these items are then held on to by the state like all other types of forgotten monetary assets and are used by the state until the true owners come to claim them. "Until we can find an owner or an heir, yes, we do use the profits to support our office…", says Sass. The money from auctioned unclaimed items in WI can still be claimed at any time though. "You know there are people who, you know, may be in the service and are stationed over seas for five, six, seven years and then they come back and realize that their, you know, mother's safety deposit box was turned over. So, you know, they had no way of knowing that before they came back year, so we always keep the money earmarked for whoever that belonged to, so they never lose out." Sass adds. The interest that is accrued on these monies helps fund things such as WI low-interest loans to municipalities and school libraries.

The State Treasurer has stated that one of the largest checks for WI unclaimed funds handled by her office was worth $750,000. All the more reason that Wisconsinites ought to do an unclaimed money search and see if they have some WI 'cheese' being held by the State Treasurer.

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$1M cost for $400K donation
A bill to send unclaimed money at airports to the USO would come at a price.

Lost
now there is a way to search for even more lost

Illinois goes online to auction
State Treasurer Dan Rutherford is calling his office's online

St. Louis firm gets $118,000
ST. LOUIS • A St. Louis employer has received $118,000 in

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. Treasurer John Perdue said Tuesday the pop singer's name is on a list of people due unclaimed property in the state.

(Part 1 of 2)

WI is home to a lot more American treasures than just milk and cheese. America's Dairyland is also home to catfish (Potosi, WI), Harley Davidson Motorcycles, and the Green Bay Packers. An amusing fact I just found out about Green Bay that few people know about is that it is also the toilet paper capital of the world. There's another kind of paper that you can find piled up in WI's Treasury Department though – the green, good-smelling kind. Yes, Wisconsin unclaimed money totaling nearly $400 million is in the State Treasury's hands and they are hoping to reunite it with over a million people who are owed their slice of the pie.

Unclaimed money is handed over to the Treasury Office when lost assets are not returned to their owners after a specified period. The 'dormancy period' for WI unclaimed cash is five years. Forgotten properties can come from numerous sources – uncashed savings and salary checks, lost or unused gift checks, stock dividends, lost traveler's checks, forgotten bank accounts, and other monies that have been forgotten about and lost track of. The only tangible assets covered under the WI Unclaimed Property Law are contents of safe deposit boxes that have been deemed abandoned. The State Treasury Office attempts to track down the owners of family heirlooms, pocket watches, sports cards, coins, jewelry, etc. but ultimately resorts to auctioning them off at eBay after three years. "There are a lot of safety deposit boxes that get turned over to us which a lot of people don't tell their kids, 'Hey we have a safety deposit box.' So we actively search for those owners for three years and if we can't find them we auction off the contents of the boxes. We do that on eBay," said State Treasurer Dawn Marie Sass.

(to be continued)

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WV Treasurer's Office educating Nitro residents about Unclaimed Property account
Nitro's mayor, Rusty Casto, said there are more than $300,000 dollars in unclaimed money due the people in Nitro.

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