Record amount of unclaimed property awarded to residentsThe state treasury paid a record number of claims to Wisconsin residents in 2009 – returning close to $27-million in unclaimed property to more than 26,000 people.
By: Meghan Wons, Wisconsin Public Radio, Superior Telegram
The state treasury paid a record number of claims to Wisconsin residents in 2009 – returning close to $27-million in unclaimed property to more than 26,000 people.
State Treasurer Dawn Marie Sass says there’s nothing better than reuniting people with their cash. And that’s what the Unclaimed Property Department in her office does.
Sass travels to all of Wisconsin’s counties at least once a year to help people find out if the state is holding onto any of their money – in the form of things like un-cashed paychecks, stock dividends, or inheritances. She never planned to travel to each county every year, but Sass says it’s been successful, and she wants to help people more each year.
Sass says since 2007, claim requests and claim payouts have set new records every year. She says it’s partly because of her department’s outreach, but the recession may be another reason for the spike in claims. Sass says until last year, there weren’t many claim forms filed for $10 claims, but in Milwaukee, one percent claimed a $. 28 paycheck.
Sass says once someone finds they have unclaimed property, they must verify that they are the rightful owner.
People can find out if they have unclaimed property online at http://statetreasury.wisconsin.gov.