Unclaimed assets owners sought
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[MARCH 10, 2005]
Larry Bomke, R-Springfield, is working with Illinois State
Treasurer Judy Baar Topinka in a joint effort to find the owners of
abandoned or unclaimed property.
Bomke said that many area residents
have abandoned property that is in their name and can be claimed.
Most claims consist of assets exceeding $100.
forget about a savings or checking account they opened years ago or
lose track of the valuables they placed in a lock box,” Bomke
explained. "Sometimes uncashed payroll checks can go unnoticed and
dividends can go uncollected -- situations of this nature. After
these assets have been abandoned or inactive for five years, the
person holding the property is required to attempt to locate the
If the owner can't be found, the assets are then turned in to the
state treasurer's office, which holds the assets until they are
claimed by the owner or heirs of the estate.
Area residents who believe they may have abandoned or unclaimed
property in their name are encouraged to check at
list of unclaimed property has recently been updated.
[to top of second column in this article]
To claim listed property, individuals
must write to the state treasurer's office:
The Honorable Judy Baar Topinka
Unclaimed Property Division
P.O. Box 19495
Springfield, IL 62794-9495
All inquiries must be in writing and include the name, address
and county of the claimant. The state treasurer's office will be
happy to provide specific information about the asset being held and
how to claim the property.
Senate Republican Caucus news release]