The total, about
The anonymous king, or queen, of unclaimed property received
Property valued at
Looking for lost money can be more fun than geocaching, more rewarding that ego-surfing and doesn't take much more time than the average selfie. All it takes is a visit to the Treasury's Unclaimed Property website, a database searchable by a person's or business' name.
In the first 11 months of the current fiscal year, from last
"The bottom line," says Nappier, "is this: We've given back more money to more people than ever before in the history of the program."
Yet how many people really know about the CT Big List, or even how the state gets a resident's property?
She might not have returned a proxy card in recent years, but she never lost track of the account.
"This seems a little harsh for money that I've put away," she says. "As long as it's increasing, I don't have reason to contact them."
Manchester actually satisfied the mandatory-contact requirement by calling shareholder services to find out about the letter. A financial asset is considered unclaimed if there has been no owner contact, usually for at least three years depending on the property type. The property then escheats, or reverts, to the state.
If the state escheated equities held by Manchester, it would have sold them immediately. Long-term unclaimed property could prove costly to the owner. If 1,000 shares of unclaimed
If your name shows up on the CT Big List, you can download a claim form at the site or call 800-833-7318 weekdays
"Let's keep it in context," says a state treasury official. "We have been delivering into people's hands an average of
"We sent them information and now they are making it just about impossible to get what is probably a very small amount of money."
Sullivan says the state asked for proof of the agency's location.
"We sent them stationary and business cards from that time period," she says, "plus they were made aware that the agency was registered with the
The treasurer's office, at The Bottom Line's request, reviewed the case and soon had sufficient proof to promise a check within 10 days. It also found a third claim in Sullivan's name and sent a check for
There's never a deadline to claim property with the treasurer's office -- the oldest of Sullivan's claim dated from 1983.
So check the list today for yourself, your family and relatives, living or deceased. The state is loaded with lost treasures.
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