State treasurer may have a surprise for you

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By Jamie Baker-Nantz

The check is in the mail, or at least it might be if you are a Grant County resident who has unclaimed property.

From 10 a.m. to 2 p.m. on April 19 at the Grant County Courthouse, a group of volunteers will be making calls attempting to return $881,530 from 4,892 properties held by the state treasury.
State Treasurer Todd Hollenbach created the Tresure Finders program in 2009 to help reunite Kentuckians with money and property that belongs to them.
“Our goal is to return every dollar possible. In these tough economic times, many residents will welcome a call alerting them to an unclaimed financial tresures,” Hollenbach said.
In order to contact residents about the unclaimed property, a group of local volunteers will establish a phone bank, review property listings and call residents to inform them of potential unclaimed property.

For those lucky enough to have unclaimed property, the reward could be checks to the contents of safe-deposit boxes. It could include savings and checking accounts, stocks, uncashed dividends, payroll checks, insurance payments or refunds, overpayments and utility security checks.
Hollenback has a goal of returning $100 million to Kentuckians of the $300-plus million before he leaves office. He is also visiting all 120 Kentucky counties.

He visited Grant County last week.
Unclaimed property information is available on the Internet. Go to www.missingmoney.com, type in your name and there might be money waiting for you.
Hollenbach said the Treasure Finders program has returned $76 million since it began.

Those who have checks coming to them, do not actually get the money on the day of the treasure hunt, but they are able to fill out paperwork to get the process started.
Hollenbach said the reason to get local volunteers to do the calling is two-fold. It saves the state money by using volunteers and getting a phone call by someone locally means people won’t think it’s a prank.

“People are so cynical about government today, but when they get a call from somebody they recognize from the community . . . they’re much more willing to accept that yes, we’re from the government, and yes, we’re really here to help,” Hollenbach said.
Sometimes, he said, some recipients are not enthused about filing out the claim.

The National Association of Unclaimed Property Administrators (Naupa.org) has an interactive map of states. Click on a state to search. At Kytreasury.com you can search the Kentucky state treasury’s unclaimed property log or e-mail treasury@ky.gov or call 1-800-465-4722.
(Editor’s Note: Cheryl Truman of the Lexington Herald-Leader provided information for this story through the Kentucky Press News Service.)