NWI residents have more than $48M in unclaimed money

2014-05-10T10:00:00Z NWI residents have more than $48M in unclaimed moneyTimes Staff nwitimes.com
May 10, 2014 10:00 am  • 

GARY | More than $48 million is waiting for Northwest Indiana residents to claim it.

Indiana Attorney General Greg Zoeller recently visited Ivy Tech Community College in Gary to talk about the state's unclaimed property program. 

“For only the second time ever, more than $100 million dollars has been turned over to the state, which means even more people have missing or forgotten money to claim,” he said. “With over $400 million to be claimed and more than $48 million in Northwest Indiana alone, it is my goal to make sure this money finds its way back to the rightful owner.” 

Unclaimed property includes investment earnings, insurance proceeds and benefits, wages, and money from savings and checking accounts.

Less than 1 percent of unclaimed assets are physical items, such as those found in safe deposit boxes. Unclaimed property does not include abandoned vehicles or real estate. 

Making a claim with the Attorney General’s Unclaimed Property Division is free. Hoosiers can visit www.IndianaUnclaimed.gov to search for their name and the names of their relatives, neighbors and friends.

Business owners and charitable organizations should also check for unclaimed property. 

In 2013, more than 70,000 new properties valued at nearly $11 million were reported and originate from the five-county Northwest Indiana region. This money belongs to residents or former residents of the area or their heirs.

The state holds these assets for 25 years after they are reported. 

In 2013, the Attorney General’s Office returned a record 97,000 properties totaling more than $60.6 million in unclaimed property.

The Unclaimed Property Division’s toll-free number is (866) 462-5246.

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