Saturday, July 31, 2010
   
TEXT_SIZE

Unclaimed Property

State Senator Christine Radogno is trying to locate constituents who may bethe owners of lost or abandoned property.

Gary Radogno 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

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.

Please click here to find out if you have unclaimed property being held by the State of Illinois.

Lemont

1011 State Street
Ste. 210
Lemont, IL 60439
630-243-0800
630-243-0808 (Fax)
cradogno@sbcglobal.net

Springfield

309 A Statehouse
Springfield, IL 62706
217-782-9407
217-782-7818 (Fax)