More than $616,000 in unclaimed property is available for Madison County residents and former residents to claim at the Madison County Fair, State Treasurer Don Stenberg said today.
Treasurer Stenberg said this is the first time in several years that Unclaimed Property specialists from the Treasurer’s Office have staffed a booth at the Madison County Fair. The booth is in space No. 2 in the Commercial Building.
Following are the largest pieces of unclaimed property – with amounts ranging from $3,500 to $10,000 – and whose owners’ last known addresses were in Madison County:
The largest 60 properties in the county all have Norfolk addresses.
“We want to make sure Nebraskans across the state are aware of the millions of dollars of unclaimed property being held by the Treasurer’s Office and how easy it is for rightful owners or heirs to file claims,” said Treasurer Stenberg. “In all, we are holding more than $100 million of property for more than 350,000 Nebraskans or former Nebraskans or heirs. Given those statistics, you have a one in five chance of finding property that belongs to you.”
Unclaimed property consists of cash and other personal assets that are considered lost or abandoned after an owner cannot be located for a specified period of time. The property is turned over to the state by banks, insurance companies, merchants, and other businesses. Among the most common forms of unclaimed property are dividends, dormant accounts, gift certificates, insurance payments, matured CDs, lost IRAs, wages, rebates, stock and mutual funds, utility deposits, and abandoned safe deposit boxes. Unclaimed property does not include land, real estate, vehicles, or tax refunds.
Unclaimed property is held by the state until an owner or heir can be documented; the property is held indefinitely if no owner or heir can be located.
In addition to visiting the Unclaimed Property booth at the fair, Madison County residents can search for unclaimed property using the following methods: