Lost property being found in record amounts - WKOW 27: Madison, WI Breaking News, Weather and Sports

Lost property being found in record amounts

MADISON (WKOW) -- from State of WI:  2008 is another record year for reuniting more owners with their lost property.

  The Office of the State Treasurer has returned more than $28 million of unclaimed property to more than 25,000 people -- nearly $3.3 million and 1,000 additional people than in 2007.    

  "During these times of financial challenges, the recovery of unclaimed property could make a big difference for a family," said State Treasurer Dawn Marie Sass.  "That's why my office will continue its pro-active outreach to raise awareness of our programs and searchable website into 2009.  By doing so, we will strive to set another record number of reunions."

  In 2008, Treasurer Sass completed her second annual statewide Unclaimed Property outreach tour in which she brought the unclaimed property database to all 72 counties in Wisconsin.

  The 2008 outreach tour comprised of stops at county fairs, county courthouses, various speaking engagements and other public events resulting in several hundred additional property claims. 

  Since the inception of the Unclaimed Property program in 1970, the program has reunited more than 205,000 people with over $155 million.

  Currently, the State Treasurer's office has approximately $324 million and $26 million in stock assets that belong to the citizens and businesses of Wisconsin.

  There are roughly 1.3 million people in the state who are owed unclaimed property.

  Under Wisconsin law, after one to five years of inactivity Wisconsin businesses are mandated to turn all unclaimed money, stock and safe deposit boxes to the State Treasurer's office for safekeeping.

  There is no time limit for collecting unclaimed property.

Powered by Frankly