Northwest Indiana residents could cash in for $48 mill in unclaimed property

2014-05-08T17:30:00Z 2014-05-08T21:32:22Z Northwest Indiana residents could cash in for $48 mill in unclaimed propertyTimes Staff nwitimes.com
May 08, 2014 5:30 pm  • 

GARY | More than $48 million in unclaimed property awaits some Northwest Indiana residents.

Indiana Attorney General Greg Zoeller stopped by Ivy Tech Community College in Gary on Thursday to talk about the state’s unclaimed property program and show people how they can search and claim what is rightfully theirs.

“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,” Zoeller 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.”

Zoeller encourages all residents to visit www.IndianaUnclaimed.gov to search for their name, their relatives, neighbors and friends’ names. The Indiana Unclaimed Property database is also now mobile. Search for free through the mobile application. Use keyword Indiana Unclaimed to download.

Zoeller suggests business owners and charitable organizations should check annually for unclaimed property.

Unclaimed property includes investment earnings, insurance proceeds and benefits, wages, and money from savings and checking accounts. Less than one percent of unclaimed assets are tangible, physical items, such as those found in safe-deposit boxes.

Unclaimed property does not include abandoned vehicles or real estate.

In 2013, more than 70,000 new properties valued at nearly $11 million were reported and originate from the five county Northwest Indiana region.

The 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.

The total value and number of properties added to the Unclaimed Property database in 2013 and the sum of all unclaimed property from 2000 - 2013 from counties in the Northwestern region are listed below.

JASPER COUNTY: 2,806 properties; $240,399 total value added in 2013; $789,914 total value claimable.

LAPORTE COUNTY: 8,856 properties; $1,215,572 total value added; $5,590,463 total value claimable.

LAKE COUNTY: 44,086 properties; $7,995,110 total value added; $34,854,988, total value claimable.

NEWTON COUNTY: 635 properties; $76,196 total value added; $381,667 total value claimable.

PORTER COUNTY: 13,727 properties; $1,459,808 total value added; $7,081,917 total value claimable.

The total for Northwest Indiana is 70,110 properties; $10,987,085 total value added in 2013; $48,698,949 total value claimable.

The Unclaimed Property database can be searched at www.IndianaUnclaimed.gov. The Unclaimed Property Division’s toll free number is (866) 462-5246. This is a free service of the Indiana Attorney General’s Office.

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