State Treasurer Has Returned Over $5.3 Million In Last Six Months In Unclaimed Property
JEFFERSON CITY – State Treasurer Clint Zweifel today announced that he has returned 10 large Unclaimed Property accounts worth more than $3.1 million since April, including a single Unclaimed Property account worth more than $650,000 to an estate in the St. Louis area. In the first six months of 2015, Treasurer Zweifel has returned more than $5.3 million in large accounts alone to Missouri families, businesses, nonprofits and local governments.
“I have set Unclaimed Property return records every year since taking office because I work hard to make my office more accessible for Missourians,” Treasurer Zweifel said. “I receive thousands of dollars in Unclaimed Property every week, from every corner of our state, so I encourage Missourians to search for theirs regularly at ShowMeMoney.com.”
Among the accounts were an outstanding check and a redeemed life insurance policy. All 10 of the large accounts went to individuals, but businesses and other organizations can also have Unclaimed Property. Treasurer Zweifel has returned more than $234 million in Unclaimed Property – more than half of all returns in state history.
One in 10 Missourians has Unclaimed Property, and the average claim is $300. Anyone can search for their name, business or organization 24/7 at ShowMeMoney.com. You may also sign up for email notifications and even donate your Unclaimed Property to any of 20 charitable organizations.
Unclaimed Property can belong to individuals, businesses, nonprofits or any entity that conducts financial transactions. It can come from abandoned bank accounts, uncollected insurance policies, uncashed checks and more. State law requires those entities to turn over assets to Treasurer Zweifel’s office after a statutorily defined period of time, generally five years. The assets are held by the office in perpetuity until the original owners or a proper heir is located. All Unclaimed Property is returned free of charge.
(Courtesy of Missouri State Treasurer Communications Office)