Indiana Attorney General Greg Zoeller and State Representative Phyllis Pond were at Ivy Tech Community College this morning for a press conference.
The topic was Indiana Unclaimed. Â Press release:
WANTED: Rightful owners of $17 million dollars
Attorney General Greg Zoeller reminds Northeast Indiana residents millions are waiting to be returnedBenjamins, bucks, green or dollars – whatever name it goes by, residents in Northeast Indiana have a lot of it that’s been forgotten – $17,129,495.84 to be exact. Attorney General Greg Zoeller stopped by Ivy Tech in Fort Wayne today to talk about the state’s unclaimed property program and to deliver a check to a Fort Wayne resident who found and claimed his money.
Zoeller presented a check to Ollis Perry of Fort Wayne. Perry learned he had unclaimed property through his brother and has claimed three properties totaling $358.
“In every county around the state Hoosiers have money they have forgotten about or never knew existed. It is my duty to do inform Hoosiers how to find and claim it and I’m encouraging people to not be shy – search for yourself and your friends and family. This money belongs to someone,” Zoeller said. “The state’s unclaimed property fund has more than $350 million waiting to be claimed by the rightful owners and we want to make sure they get it back.”
Zoeller encouraged all Hoosiers to visit https://www.indianaunclaimed.com/ to search for unclaimed property belonging to themselves, friends, relatives or neighbors. Businesses and charities can also have unclaimed property.
Financial institutions and other holders are required annually to turn over the assets of accounts in which there has been no activity for five or seven years, depending on the type of account. 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. It is important to note that unclaimed property does NOT include abandoned vehicles, real estate or other such items.
In 2009, more than 23,000 new properties valued at nearly $2.4 million dollars were reported and originate from the ten county Northeast Indiana region. This 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.
Every year, the attorney general is required to advertise the list of unclaimed property turned over to the state during the previous year. The announcements run twice in a two week period in the newspaper closest to the last known address of the property owner.
In total, the state’s unclaimed property database holds more than $350 million in assets. In 2009, the attorney general’s office returned more than 55,000 properties totaling $42.2 million in unclaimed property. Last year, more than $2.3 million was returned to individuals with last known addresses in Northeast Indiana.
The total value and number of properties added to the Unclaimed Property database in 2009 and the sum of all unclaimed property from 2000 – 2009 from counties in the Northeastern region is:
County 2009 Property Totals
Total $ Value added in 2009
Total $ Value Claimable
Adams 700
$38,404
$342,503
Allen 14,785
$1,742,164
$11,786,313
DeKalb 1,085
$61,687
$652,627
Huntington 1,120
$86,244
$813,624
Jay 554
$32,545
$435,580
Noble 1,329
$91,466
$746,581
Steuben 1,052
$83,893
$662,582
Wabash 846
$101,749
$681,032
Wells 668
$50,573
$398,985
Whitley 965
$81,980
$609,665
Grand Total 23,104
$2,370,685
$17,129,495
The attorney general is publishing the listings of assets turned over to the state in the last year from the Northeast Indiana region only.
County Newspaper
Dates of Publication
Adams Decatur Daily Democrat
May 5 & May 15
Allen Fort Wayne Journal Gazette
May 5 & May 16
Allen Fort Wayne News-Sentinel
May 5 & May 14
DeKalb Auburn Evening Star
May 5 & May 16
Huntington Huntington Herald Press
May 5 & May 16
Jay Portland Commercial Review
May 5 & May 15
Noble Kendallville News-Sun
May 5 & May 16
Steuben Angola Herald-Republican
May 5 & May1 6
Wabash Wabash Plain Dealer
May 5 & May 15
Wells Bluffton News-Banner
May 5 & May 12
Whitley Columbia City Post & Mail
May 5 & May 15
Webmaster’s note: Ollis Perry was not present.
httpsv://www.youtube.com/watch?v=Hx8aX_eDmio
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