Search for your Unclaimed Money (i.e. John Doe's Unclaimed Assets in California)

Monday, November 28, 2011

The Great Iowa Treasure Hunt

The Great Iowa Treasure Hunt is operated by the Iowa State Treasurer. The treasure hunt allows Iowans to do a free internet search for unclaimed money and assets.

They also list a few really helpful Questions & Answers that help people figure out how to see if they have any money coming to them:

What is Unclaimed Property?
Unclaimed property can be any financial asset that has been abandoned by its owner for a period of time specified by law. Common types of unclaimed property include:
  • dormant bank accounts
  • utility refunds
  • uncashed checks
  • unclaimed wages
  • safe-deposit boxes
  • insurance dividends
  • stock certificates and dividends
How does property become abandoned?
  • People move and simply forget about an account or deposit.
  • People get a check, place it in a drawer (something they will take care of later) and forget
  • When people die, relatives are often unaware of an old bank account, lock box or a stock the deceased may have owned.
  • People divorce, move, perhaps remarry and forget to notify everyone.
  • A clerical error at a company; perhaps the name or street is displaced or altered by a honest mistake causing mail to be returned as nondeliverable to the company.
Why does the state become involved?
The courts have long maintained the states' rights are derivative of the missing owner. In other words, the state stands in the shoes of the missing owner.
How long do I have to claim my money?
The State Treasurer's office maintains custody until the rightful owner or his or her heirs claims the money. At no time is an owner (or legal heirs) barred from claiming unclaimed property.
What does Iowa do to find the owners of unclaimed property?
  • First class mailings
  • Publication of the Great Iowa Treasure Hunt
  • Listings displayed at the State Fair, Clay County Fair, and the Cattle Congress
  • TV special segments for the news
  • Public Service Announcements
  • Radio spots
Do I have to pay to get my money back from the state treasurer?
  • No! The rightful owners or their legal heirs always have the right to claim the assets, there is no time limit to file a claim, and the State Treasurer Office provides this service free of charge.
  • If you are contacted by an individual or firm offering to return your property to you for a fee, contact the state treasurer's office before you sign an agreement.
  • However, if you do sign an agreement for property held by the State Treasurer's office, the law is very specific. Again, before signing any agreement, please read the following excerpts from the Iowa Code.

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