Kentucky is looking to push forward & further on their quest to return unclaimed money
That`s the mission in the Bluegrass State of Kentucky for Todd Hollenbach, the State Treasurer. Mr. Hollenbach has been spreading joy across the State over the past 6 years where his office has returned more than $100 million in unclaimed property to rightful owners in that time.
It`s a pretty incredible record given that it`s more than all the state treasurers combined returned in the 60 years before Mr. Hollenbach came into office. (Kentucky`s Unclaimed Property Program dates back to 1942) But Mr. Hollenbach is determined to do more. He vowed recently to return $120 Million before his term ends in 2015 by visiting all 120 counties in Kentucky (Hence his 120 in 120 slogan)
Last year the the Kentucky State Treasury collected a record of $53 Million in unclaimed financial assets from property holders, including banks and insurance companies. The State currently holds some $150 Million in total Unclaimed property. That`s a lot of money for a State of approximately 4.4 Million
Mr. Hollenbach attributes much of the success in returning unclaimed property to a volunteer program called “Treasure Finders.” which includes establishing a phone bank, enlisting volunteers to review property listings, calling residents to inform them of potential unclaimed property and providing assistance in completing claim forms.
(HOW GREAT A JOB IS THAT ? )
Even if the State is not successful in returning unclaimed property it`s a WIN for the State and a win for taxpayers as money not returned goes into the General Fund to pay for identified programs like education, That`s the WIN WIN in having Unclaimed Intangible Property Legislation in place.
Read the entire article here
Want to look for any unclaimed money in Kentucky go here