Discovering unclaimed property in Illinois is now only a click away. Potential claimant’s can now simply logon to the state government’s website or CashUnclaimed.com to discover if state owes them any unclaimed funds or property.
Recovery of unclaimed property is hassle free and simple in Illinois. However, let’s explore some of the unique aspects of unclaimed property claim and recovery in Illinois:
• No person or a locator agency will render any fees for discovering the unclaimed proceeds if it has been lying with the state for less than 24 months.
• For time duration greater than 24 months a maximum of 10% fees can be charged by any such licensed agency. Agency should be registered with the state government of Illinois.
• Each year, property worth billions become unclaimed in Illinois and it can be tracked for free without any cost on the state government’s website. In case name of the prospective claimant does not appear in their online directory, they can contact the state in person to check if they are owed.
• Claimants can claim their unclaimed property on production of identity proofs – driving license, social security and marriage certificate etc.
• You can claim unclaimed property proceeds in Illinois any time. Till that time it would lie safely under state’s custody.
• In order to get phone support on claims you can reach the state government’s office at (217) 782-6692
As a best practice it would be a great idea to check with each state wherever you have lived for unclaimed funds. This can be easily accomplished through well managed and updated websites like NAUPA and Missingmoney.com. In order to avoid situation of unclaimed property always keep track of your accounts and make regular transacts in order to prevent them from becoming abandoned and hence unclaimed.