![]() Here is a small sampling of the hundreds of thousands unclaimed property returns made by the Treasurer's Office in 2021: a Chicago-area woman received $4.4 million from an estate claim a southern Illinois woman received $140,000 from a life insurance policy Ernest Ulrich, an Army veteran from Chicago, left $2.1 million to be split between The Salvation Army, Little Brothers Friends of the Elderly, The Chicago Lighthouse for People Who Are Blind, Goodwill Industries of Metro Chicago and Shriners Hospitals for Children a Catholic school in Rockford received more than $2,100 $12,000 returned to condo association in Rogers Park in Chicago and a Metro East library received over $3,000. The number of successful claims for unclaimed property per year has more than tripled. The $1.3 billion milestone was possible because Frerichs prioritized changes in technology, efficiency and state law to streamline the unclaimed property process. Since 2015, $1.3 billion in unclaimed property has been returned, the most that has been returned in the program's 60-year history. ![]() "It is your money and should be returned to you."Īn estimated one-in-four people in Illinois find unclaimed property and the average claim is $1,000. "States are required to return unclaimed property to its owner no matter how long it takes," Kathleen Lobell, director of Louisiana Unclaimed Property, and president of National Association of Unclaimed Property Administrators (NAUPA) said. The National Association of Unclaimed Property Administrators (NAUPA) launched the first National Unclaimed Property Day on February 1, 2021, to inform more people about unclaimed property. 1, you can check our website today at /ICASH and find out if you or someone you know has cash or property to claim." "We know when we get money back in the hands of residents, it does more good for our economy than sitting in a bank," Frerichs said. 1, states across the country will celebrate National Unclaimed Property Day to raise awareness and encourage people to check if they have cash or property owed to them, Illinois Treasurer Michael Frerichs said. and Thursday, May 30 from 9 to 12 p.m.Jan. Anyone can check the I-Cash website for free, and Rutherford said that last year alone, the I-Cash program returned 129 million in unclaimed property to the rightful owners, or their heirs - a. What: ICash events to check for unclaimed property Katie Stuart and the Illinois Treasurer’s office ![]() A representative from the treasurer’s office will be available to check the ICash database and help file claims to property. The property can be held in various different forms, which can include checking accounts, savings accounts, uncashed wage and payroll checks, uncashed stock dividends and stock certificates, insurance payments, utility deposits, customer deposits, accounts payable, credit balances, refund checks and more. To claim this money, they are asking for a copy of the death certificate, a copy of the Will that has been notarized by the county clerk or completing a small estate affidavit, plus provide proof of family relationship. Figures from last year show that residents in Madison County reclaimed over 2 million dollars from the state, with help from the ICash process. The Treasurer’s office has two unclaimed amounts for two deceased family members. State Treasurer Michael Frerichs’ office has $2.5 billion in unclaimed property that belongs to people across the state. “I encourage residents and business owners to come to this event to begin the process of reclaiming their property from the state.” We return unclaimed property year-round, but its that time of year when reuniting extra money and keepsakes with their rightful owners is even more special. ![]() “I wanted to provide multiple opportunities for individuals in my district to take advantage of this service offered by the Illinois Treasurer’s office,” Stuart said. Both ICash events will be held at the 6 Mile Library in Granite City at 2145 Johnson Road. and on Thursday, May 30 from 9 to 12 p.m. Katie Stuart, D-Edwardsville, is collaborating with the Illinois State Treasurer’s office for two free ICash events on Friday, May 10 from 2 to 5 p.m. – To give local residents and businesses an opportunity to claim their unclaimed cash or property held by the state, state Rep.
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