Posts tagged: unclaimed property
OLYMPIA – Odds are that you or someone you know has money waiting at the state Department of Revenue, just a few computer key strokes away.
The department’s main job is taking in money from Washington residents and businesses. But every so often, it reminds people of its efforts to send money out. It’s unclaimed property program has some $1 billion in cash, securities and other things waiting for their rightful owner to step up, fill out the proper forms and get what’s coming to him or her.
That might be a rebate check for a few bucks that never found its way to your mail box.
But it could be much, much bigger, like some $2.2 million in stocks and unclaimed dividend checks a Puget Sound resident was able to claim in the last year. Erin Lopez, the unclaimed property operations manager, said the man’s parents apparently bought the stocks when he was a child but the securities firm lost track of them when they moved and dividend checks started getting returned. Eventually everything went to the state for safe keeping under a law passed in 1956 which requires the state to hold assets forever in a person’s name. . .
To read the rest of this item or get links to unclaimed property websites in Washington and all the states, click here to continue inside the blog.