(Part 1 of 2)
In 1880 Joe Juneau, a Canadian Prospector, ushered in the gold rush era when he found gold in Alaska. America's chilliest state also boasts the largest oil field in North America and its primary source of revenue is the natural gas and oil industry. But there's another source of wealth that the majority of residents of America's Last Frontier have not yet discovered- Alaska unclaimed money and assets. Alaska has the lowest population density in the United States – which means that life isn't really that hectic or busy compared to the country's more packed cities like New York. It's strange, then, that according to an article by Fairbanks' The News-Miner, tens of thousands of residents of Alaska have unclaimed money waiting for them in Juneau, the state capital.
People and businesses often lose track of their properties while changing names, addresses, or closing shop and just simply forgetting. Unclaimed money comes from abandoned assets such as long-dormant bank accounts, uncashed checks, forgotten stocks and stock dividends, insurance policies, income tax refunds, and other financial assets. The Alaska Unclaimed Property Act requires the establishments holding these to turn them over to the state if their rightful owners can't be located after a specified period of inactivity. This 'dormancy period' in Alaska is one year for utilities, 5 for stock shares and checking and savings accounts, 7 years for non-bank money orders and fifteen years for traveler's checks. The only tangible assets covered under the act are safe deposit box contents.
There are over 300,000 accounts of Alaskan unclaimed monies in the state listings and 12 thousand new items are added to this list annually. Everyone should do an abandoned assets search as it is quite surprising who turns up on the list of owners of unclaimed property. The Russian Airline company Aeroflot, Hawaiian Airlines, China Airlines, the Alaska USA Federal Credit Union, even KTVF-TV and KIAK radio have claimable cash waiting for them in Alaska. Even government entities are owed lost cash! Local governments and school districts in Anchorage, Kenai, Barrow and Juneau are among the names listed in over a dozen unclaimed money accounts. The names of former State Governor Tony Knowles, his wife Susa, former Gov. Steve Cowper, former Gov. Bill Sheffield, former Lt. Gov. Lowell Thomas Jr., are also apparently owed money. These people are public officials, easy to find and they have yet to discover their unclaimed money being held by the state.
(to be continued)
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(Part 2 of 2)
There are over 300,000 accounts of Alaskan unclaimed monies in the state listings and 12,000 more items are added to this list annually. Every Alaska resident should do a forgotten funds search as it's quite surprising who turns up on the list of owners of unclaimed property. The Russian Airline company Aeroflot, Hawaiian Airlines, China Airlines, the Alaska USA Federal Credit Union, even KIAK radio and KTVF-TV have claimable money waiting for them in Alaska. Even government establishments are owed lost money! School districts and local governments in Anchorage, Kenai, Barrow and Juneau are among those listed in over a dozen unclaimed money accounts. The names of former State Governor Tony Knowles, his wife Susa, former Gov. Steve Cowper, former Gov. Bill Sheffield, former Lt. Gov. Lowell Thomas Jr., are also apparently owed money. These people are public officials, easy to locate and they have not yet discovered their unclaimed money being held by the state.
According to the Alaska Unclaimed Funds Division of the Governor's office in a recent report, "The Unclaimed Property (UCP) staff conducts searches for property owners by selecting recently reported properties from the division's database and using online tools to locate the owners. The target is to search for 50 owners each month, however when there are fluctuations in staffing and/or workload the UCP places a priority on responding to claims requests from property owners which involves verifying claims and processing payments." In light of this, it would be a good idea for residents of Alaska to take some initiative, perform an online search for unclaimed money and find out if they are owed money by the state. The wild Forget-Me-Not is Alaska's official state flower, and residents would certainly not want to forget about their money in the Treasurer's hands either.
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(Part 1 of 2)
In 1880, Canadian Prospector Joe Juneau ushered in the gold rush era by finding gold in Alaska. America's coldest state also boasts the largest oil field in North America and its primary source of revenue is the natural gas and oil industry. There is another source of wealth that most residents of America's Last Frontier have not yet discovered- Alaska unclaimed money and assets. Alaska has the lowest population density in the entire nation – which means that life isn't really that busy or hectic compared to more densely populated cities like New York. It is strange, then, that according to a report by Fairbanks' The News-Miner, tens of thousands of Alaskans have unclaimed money waiting for them in the state capital of Juneau.
People and businesses often lose track of their assets while changing names, addresses, or closing shop and just plain forgetting. Unclaimed funds come from lost assets such as forgotten stocks and stock dividends, insurance policies, income tax refunds, long-dormant bank accounts, uncashed checks, and other financial assets. The Alaska Unclaimed Property Act requires the establishments holding these to turn them over to the state if their owners can't be located after a certain period of inactivity. This 'dormancy period' in Alaska is one year for utilities, five years for stock shares and checking and savings accounts, seven years for non-bank money orders and fifteen years for traveler's checks. The only tangible assets covered under the act are safe deposit box contents.
(to be continued)
–
Alberta program returns missing
Dozens of Albertans are enjoying a little more cash this holiday season, thanks to a little-known provincial program that reunites people with
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