Unclaimed Money is Being Given Out by State of Wisconsin

State of Wisconsin has an estimated $330 million in unclaimed money owed to Wisconsin residents and Americans all across the country, announces Cashunclaimed.com. Approximately 1 in 5 WI residents are owed some of this lost cash and average the average claim is over $756. End Quote

Current unclaimed funds in WI total around $330 million and ... roughly 1 out of 5 residents owed Wisconsin unclaimed money.

Orange County, CA (1888PressRelease) August 19, 2009 - Wisconsin State has unclaimed money owed to Americans in Wisconsin and all over the state. Unclaimed funds being held by the WI state treasury now total over $330 million dollars.

Every year billions of dollars of unclaimed money and property is turned over to the State by companies who cannot locate the owners. Unclaimed money and property is usually in the form of bank saving accounts, safety deposit vaults, deposit certificates, estates owned, money orders that were not cashed, insurance policies that are terminated or matured, term deposits, non refunded utility deposits and many other sources. Companies cannot hold on to money owed to another indefinitely. When the company cannot find the property owner, the money must be handed over to the State.

According to State Treasury officials, Wisconsin has returned over $155 million dollars of unclaimed money since its inception in 1970.

Based on the current unclaimed funds totaling around $330 million and with the State's population at 5 million residents, that's roughly 1 out of 5 residents owed Wisconsin unclaimed money.

The only tangible assets under the Wisconsin Unclaimed Property Law are contents of safety deposit boxes that have been deemed abandoned. The State Treasurer's Office tries to locate the owners of the assets in every possible way, but ultimately has to auction them off after a few years.

In recent interviews with State Treasury officials stated they were running out of space to hold the unclaimed assets and this was one of the prime reasons leading to auctions of safety deposit box contents. The proceeds from these items are held by the state of WI until their owners come to claim them.

One of the biggest checks for Wisconsin unclaimed money received by an individual was worth $750,000. All the more reason that residents should do an unclaimed money search and see what they have in store for them.

Cashunclaimed.com reports that the average unclaimed cash check returned from WI State is $756.32. This free cash is just waiting to be claimed.

The easiest way to see if you have unclaimed money is to enter your name into a free unclaimed money search. It will tell you if your name is showed as owed unclaimed money.

You should not delay in checking to see if you, or your family is owed unclaimed money from the state of Wisconsin or any other state!

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