January 10, 2012
Find Unclaimed Money in AK – Part 1 of 2
(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)
–
Lawmaker doesn't want TSA to pocket change left at checkpoints
One lawmaker has his sights on the
Find your
This post comes from Brandon Ballenger at partner site
Powerball jackpot goes
Players have 180 days to claim their prize. The
IMPORTANT: Bing News RSS feed has moved!
Go to the
Spread the worddel.icio.us Digg Furl Reddit Ask BlinkList blogmarks BUMPzee Google Ma.gnolia Netscape Newsvine Simpy Slashdot Sphere Spurl StumbleUpon Tailrank Technorati Windows Live Yahoo! Help Trackback uri
|
Leave a Comment