(Part 1 of 2)

Have you ever wondered what happens to lost bank accounts and other financial assets whose owners (or relatives of said owners) can not be located? The Unclaimed Property Law requires financial institutions and businesses to hand them over to the government after a specific 'dormancy period'. These assets will remain in the care of the State Treasury until the true owners claim them. The law also requires states to make efforts in reuniting the lost money with their rightful owners. Some states show more efficiency than others when it comes to this and the state of WV routinely places among the country's top 10 rate of properties returned, according to a recent press release by the State's Treasury Dept.

Jubilant West Virginians all over the state have been receiving unclaimed property checks from financial assets they lost track of over the years . In Harrison County, a total of over $193 thousand has been returned to several residents of the state in less than 3 weeks – this according to a recent report. In Beckley, a total of $220 thousand in West Virginia unclaimed money checks were handed out, and a South Charleston senior citizen was given $23 thousand worth of U.S. Savings Bonds that were in her deceased sister's name. "To receive $23,000 that you basically didn't know existed is quite nice," said Anne McConihay. "I had heard things about those bonds through the years but never saw any of them." stated the 84-year-old McConihay who also owned bonds purchased by her father but does not exactly remember what happened to them. "Ms. McConihay's situation is a perfect example of why states should be given the responsibility of returning these bonds," noted State Treasurer Perdue. "This money belongs to people, not the federal government. And states already have the systems and expertise in place to complete this mission."

After getting $117 thousand from the State Treasury Office, Andy Bragg, of Southern West Virginia Paving said, "We were very surprised when the State Treasurer's office called and told us they might have some unclaimed property that belonged to us."

Despite efforts of award winning WV State Treasurer John Perdue to reunite missing money that belong to his state's residents however, there's still approximately $110 million waiting to be found in WV alone.

(to be continued)

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(Part 2 of 2)

Despite efforts of award winning WV State Treasurer John Perdue to give back abandoned assets belonging to his state's residents however, there is still roughly 110 million dollars waiting to be located in WV alone.

The WV unclaimed funds total is so massive for the same reasons the nationwide unclaimed funds from abandoned cash has amassed to over $33 billion. According to State Treasurer John Perdue, unclaimed funds can arrive from a variety of sources – mainly because people just simply forgot about them. "They may have a paycheck coming to them that they didn't realize or some stock their grandparents purchased when they were a child and it was forgotten in a safety deposit box," Perdue says. "There are all kinds of unclaimed property examples where money was forgotten."

Whatever the reason, residents of 'The Mountain State' should all do an unclaimed funds search in WV and other states. The simplest and most convenient way is to do this online with the help of a legitimate unclaimed funds expert who can teach you the best methods of doing thorough and effective searches for your unclaimed funds as well as pre-escheat property (lost assets that have not yet been turned over to the state).

–

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When the winning recipients of

(Part 1 of 2)

Have you ever wondered what becomes of abandoned bank accounts and other financial assets whose owners (or relatives of said owners) cannot be located? The Unclaimed Property Law requires businesses and financial institutions to hand them over to the government after a certain 'dormancy period'. These monies then remain in the hands of the State Treasury until the true owners come for them. Additionally the law requires states to make efforts in reuniting the lost money with their rightful owners. Some states show more progress than others when it comes to this and the state of WV routinely places among the country's top 10 in rate of return, according to a recent statement by the State's Treasury Dept.

Surprised West Virginians all across the state have been getting unclaimed funds checks from financial assets they forgot about of over the years . In Harrison County, a total of $193,563 has been given back to several residents of the state in less than three weeks – this according to a recent report. In Beckley, a total of $220 thousand in West Virginia unclaimed money checks were given out, and a South Charleston senior citizen was given $23,000 worth of United States Savings Bonds that were in her deceased sister's name. "To receive $23,000 that you basically didn't know existed is quite nice," said Anne McConihay. "I had heard things about those bonds through the years but never saw any of them." said the 84-year-old McConihay who also owned bonds bought by her father but does not exactly recall what became of them. "Ms. McConihay's situation is a perfect example of why states should be given the responsibility of returning these bonds," noted State Treasurer Perdue. "This money belongs to people, not the federal government. And states already have the systems and expertise in place to complete this mission."

After receiving $117,000 from the State Treasurer's Office, Andy Bragg, of Southern West Virginia Paving said, "We were very surprised when the State Treasurer's office called and told us they might have some unclaimed property that belonged to us."

(to be continued)

–

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(Part 2 of 2)

After getting $117,000 from the State Treasurer's Office, Andy Bragg, of Southern West Virginia Paving said, "We were very surprised when the State Treasurer's office called and told us they might have some unclaimed property that belonged to us."

Despite efforts of award winning West Virginia State Treasurer John Perdue to give back abandoned assets belonging to his state's residents however, there's still approximately $110 million waiting to be located in West Virginia alone.

The West Virginia unclaimed property total is so large for the same reasons the nationwide unclaimed property from lost assets has climbed to over 33 billion dollars. According to State Treasurer John Perdue, unclaimed property can come from a number of sources – primarily because people just simply forgot about them. "They may have a paycheck coming to them that they didn't realize or some stock their grandparents purchased when they were a child and it was forgotten in a safety deposit box," Perdue says. "There are all kinds of unclaimed property examples where money was forgotten."

No matter the reason, residents of 'The Mountain State' should all do an unclaimed property search in West Virginia and other states. The easiest and most convenient way is to do this on the internet with the aid of a legitimate unclaimed property professional who can teach you the best methods of doing effective and thorough searches for your unclaimed property as well as pre-escheat properties (lost assets not yet turned over to the state).

–

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Q: My mother passed away several months ago, and I was the executor. A firm called “Keane” contacted me about the possibility of some

(Part 1 of 2)

Have you ever wondered what becomes of abandoned bank accounts and other financial assets whose owners (or relatives of the original owners) cannot be tracked down? The Unclaimed Property Law requires businesses and financial institutions to hand them over to the government after a specific 'dormancy period'. These monies will remain in the care of the State Treasury until the rightful owners come for them. Additionally the law requires states to make efforts in getting the lost money back to their rightful owners. Some states show more diligence than others when it comes to this and the state of West Virginia regularly places among the country's top 10 in rate of return, according to a recent statement by the State's Treasury Department.

Jubilant West Virginians all over the state have been receiving unclaimed property checks from financial assets they forgot about of over the years . In Harrison County, a total of over $193 thousand has been returned to several residents of the state in fewer than three weeks – this according to a recent report. In Beckley, a total of $220,000 in West Virginia unclaimed money checks were given out, and an elderly South Charleston woman was given $23 thousand worth of United States Savings Bonds that were in her deceased sister's name. "To receive $23,000 that you basically didn't know existed is quite nice," said Anne McConihay. "I had heard things about those bonds through the years but never saw any of them." stated the 84-year-old McConihay who had also owned bonds bought by her father but does not exactly remember what happened to them. "Ms. McConihay's situation is a perfect example of why states should be given the responsibility of returning these bonds," noted State Treasurer Perdue. "This money belongs to people, not the federal government. And states already have the systems and expertise in place to complete this mission."

(to be continued)

–

Marathon Co. Treasurer's Unclaimed Money Could be Yours
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While Kendrick Perkins and Richard Seymour are both notable sports figures who departed Massachusetts franchises for other professional destinations, they also have something else in common: They both could soon be collecting money from the Massachusetts Treasury, which has identified hundreds of thousands of new individuals, charities and businesses over the last six months alone that are …

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