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State Looking to Return Millions in Unclaimed Property

State Looking to Return Millions in Unclaimed Property



Estimated read time: 1-2 minutes

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News Specialist Keith McCord reporting

The state of Utah has $100 million dollars in unclaimed property -- and some of that may be yours.

Earlier this week, the unclaimed property division of the state treasurer's office released 27,000 names of Utahns who have money owed to them.

Unclaimed property includes things like money left in bank accounts, IRS refunds that weren't delivered, life insurance policies and stocks.

What happens is, people move away and forget to leave forwarding addresses, so the money ends up at the treasurer's office. Every year, the office publicizes the list of names.

Priscilla Hooper helps locate unclaimed property, and tracks down the owners to tell them they have money coming.

Her biggest check was awarded to two brothers for $160,000 dollars.

"Their brother was a recluse and didn't share the money. It ended up with us, and we located them and got them their money back," Hooper says.

As I mentioned, the office has $100 million in unclaimed property -- about $14 million of that came in last year.

But here's the neat part -- the office has tracked down enough people to send out more than $7 million.

Needless to say, right now people here feel like Santa Claus.

Visit the websites listed above to find out if you're on the list.

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