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Archive for Friday, July 1, 2011

Kansas treasurer returns $516K in unclaimed property to largest single beneficiary in state history

July 1, 2011

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— The Kansas state treasurer's Unclaimed Property Division says it has returned more than half a million dollars to the largest single beneficiary in state history.

The Topeka Capital-Journal reports a life insurance beneficiary payment of $516,000 had gone unclaimed because of an unknown address.

Treasurer Ron Estes says in addition to that claim, his office has taken in more than $28 million in unclaimed property and 600 safe deposit boxes this year.

The office has more than $230 million in unclaimed funds it's seeking to return to the rightful owners.

Comments

Bob_Keeshan 2 years, 9 months ago

You know what would have solved this problem?

Having the program be run by the Department of Revenue.

The State Treasurer has no real duties other than to issue news releases touting how ineffective he is in distributing unclaimed property. Shut it down.

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autie 2 years, 9 months ago

They gots $20 of mine. And they can keep it...they broke and all. Besides it is in "our" name meaning my first wife. It is well worth not having the $20 to never deal with that scubus again. Like wow man, what's the point?

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mrbig 2 years, 9 months ago

A link to where you could check this out would be neat :)

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xclusive85 2 years, 9 months ago

I just got a little over $60 back from the state. I had a hand surgery that apparently was overpaid for by my parents, but the funds were in my name. My parents were real surprised when I sent them that $60. It's worth checking out.

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Keith Richards 2 years, 9 months ago

Hopefully there is a time limit on those claims, or at the very least they should be earning the state some interest. It would be nice to have this go back into the budget after say 10 years of being unclaimed.

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