Unclaimed Property Event to be Held at Lake County Building Wednesday
Is the state holding any of your money or unclaimed property? Find out at the I-Cash event hosted by State Treasurer Dan Rutherford at the Lake County building in Waukegan Wednesday, Feb. 20.
Illinois State Treasurer Dan Rutherford is encouraging Lake County residents to attend his I-Cash event from 1:30 to 3:30 p.m. Wednesday, Feb. 20 at the Lake County building at 18 N. County St., in Waukegan.
Come and find out if the state is holding any money or unclaimed property entitled to them. A reported 319,063 owners in Lake County have $87,270,495 in unclaimed property, according to the January list of unclaimed property holders.
I-Cash staff will be on-hand from 1:30 p.m. to 3:30 p.m. to help reisdents find out if they have unclaimed property. Treasurer Rutherford will provide remarks at 2:30 p.m.
"People are thrilled to find out they have money just waiting for them through I-Cash," said Rutherford. "I encourage area residents to come visit me at local I-Cash events for assistance in locating their money or property—plus everyone should make an attempt to review our online database annually so they don’t miss out on money or valuable assets the state is holding for them."
The I-Cash program helps reunite owners with their unclaimed property. The Unclaimed Property Division has $1.7 billion in cash, plus contents from Illinois safe deposit boxes that have been inactive for at least five years.
The total returned for 2012 was $129 million, a 27 percent increase over the previous year.
Some examples of unclaimed property currently held by the treasurer’s office include the following
- Money from inactive savings and checking accounts
- Unpaid wages or commissions
- Stocks, bonds and mutual funds
- Money orders and bill overpayments
- Paid-up life insurance policies
- Safe deposit box contents
To learn more, visit the treasurer’s website at www.treasurer.il.gov and follow the I-Cash link. The website is updated weekly to reflect new properties remitted to the office.
Additionally, I-Cash teams conduct regular outreach across the state, place twice-annual notices in newspapers and send direct mail to new single-owner claimants with property worth more than $100.
Submitted by Illinois State Treasurer Dan Rutherford's Office.