Wipfli Alerts & Updates: Does the State Owe You Money?

March 22, 2012
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Did you know there are literally millions of dollars of unclaimed property in the State’s coffers?

Each year millions of dollars in dormant or lost accounts go without ever being found when governments, companies, and banks lose track of the true owner. This could be caused by a number of reasons like divorce, misspelled names and addresses, demutualization of insurance companies to a stock company, owner’s change of address without notification, death, post office errors, etc. 

There are Wisconsin and national databases for unclaimed property. If your name is on the list or you are the legal heir to anyone on the list, you are entitled to unclaimed property. There is some paperwork involved in securing the claim (generally a copy of your driver’s license and proof you have mail coming to the address of record). It may also require that the claim be notarized. It is fairly easy to do if you have good records and is well worth the time to find out if the government is holding on to what rightfully belongs to you. The process is not difficult. 

While the states are working together to provide resources to locate the rightful owners, they are not going out of their way to locate the individuals to whom the monies belong. Therefore, you should check for yourself to ensure you are not missing out on unclaimed property. To search in any state, go to: http://www.missingmoney.com/Main/Index.cfm  

Happy hunting!  We hope it will bring a little “cheer” by uniting you with your lost money (no matter how large or small the amount). Make sure to tell others about this opportunity so they don’t miss out!

If you have any questions, please contact Thomas Krieg, Jodi Kraft, or your Wipfli relationship executive.

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