The treasurer’s office said that unclaimed property is surrendered to its office twice a year so people are encouraged to check the site at least that often. People can search to see if any of their property is listed. Illinois State Treasurer Michael Frerichs announced Monday that those checking for unclaimed property on the ICash website will now be able to ask questions to a chatbot, named Abe, according to a. There is still about $3.5 billion in unclaimed property in the treasurer’s office. ![]() Frerichs said that before the changes were made people sometimes got so frustrated with the process that they simply gave up. An outdated computer system was replaced and much of the paperwork involved in making a claim was eliminated. Illinois Compiled Statutes Table of Contents. All of the veteran’s other family members died before he did, so the money sat unnoticed in an investment account.įrerichs credited a more streamlined process for connecting unclaimed property with its owners for the increase in returns. It also included a World War II Army veteran who never married who left $2 million to various Chicago-area charities. It can include everything from idle bank accounts or unpaid insurance benefits to the contents of forgotten or abandoned safety deposit boxes.įrerichs’ office said unclaimed property included $19,000 from The (Richard) Pryor Foundation that was due to the Carver Community Center in Peoria that the late comedian spent time at as a youth. ![]() It includes an unclaimed property fund of over 2.5 billion that belongs to. The treasurer’s office is responsible for reuniting unclaimed property with its owners or survivors entitled to it. Illinois State Treasurer I-Cash is the state fund for lost and abandoned assets. Treasurer of the State of Illinois, Unclaimed Property Division. “We made unclaimed property a better, faster, more efficient service,” Frerichs said. If you need additional forms, go to and click the >Holder. (WLS) - Collectible coins, currency, fine silver and jewelry are among the more than 200 unclaimed property items to be auctioned online from May 1 through 5. The amount set a record for any five-year period in the program’s 58-year history. To check for unclaimed property, visit billion dollars in unclaimed property has been returned to its rightful owners in the last five years, Treasurer Michael Frerichs said Wednesday. The Illinois Treasurer holds these lost funds until. We will hold onto unclaimed property as long as it takes to return it." The Illinois State Treasurers Office is holding over 3.5 billion in unclaimed funds for Illinoisans. "Putting money in people's pockets is a way to help the state's economy. "I place a priority on reuniting people with money that belongs to them," Frerichs said. RELATED: Illinois State Treasurer's Office holds online auction for more than 400 unclaimed items These assets include overlooked safe deposit boxes, unpaid life insurance benefits, forgotten bank accounts and unused rebate cards. Illinois currently holds more than $3.5 billion in unclaimed property, Frerichs said. How to make an electronic signature for your Small Estate Affidavit Illinois State Treasurer online i cash unclaimed money illinoistion to design 755 ilcs 5 25 signNow combines ease of use, affordability and security in one online tool, all without forcing extra DDD on you. Note: The video in the player above is from a previous report. Operate window in the Unclaimed Property Division. IL unclaimed property auction starts Monday items offered include coins, currency, jewelry. The I-Cash program links unclaimed property with its owners and beneficiaries - and more than 47 million has been identified in southern Illinois thats owed to owners, their families, and organizations. The Illinois State Treasurer's Office has returned $1.6 billion since Frerichs took office in 2015. Illinois State Treasurer May 2013 - Aug 2013 4. Over 11,000 claims were paid during the month of March. ![]() On National Unclaimed Property Day, the Illinois Treasurer's Office wants residents to check if they have any cash or property that belongs to them.ĬHICAGO (WLS) - Illinois State Treasurer Michael Frerichs has announced that $22.7 million in unclaimed property was returned to their rightful owners last month.
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