In A Flash

Louisianans encouraged to check unclaimed assets on National Unclaimed Property Day

By: - February 1, 2021 3:42 pm

Monday is National Unclaimed Property Day, where citizens are encouraged to check if they are owed any unclaimed property from the state.

Unclaimed property “consists of abandoned financial assets such as checking and savings accounts, unpaid wages, securities, life insurance payouts, uncashed checks,” etc. Starting July 1 in Louisiana, those assets will be placed in the “Unclaimed Property Permanent Trust Fund.”  Louisiana voters passed an amendment creating that trust fund in November. 

“Even if you checked a year ago, it’s always a good idea to check again for Unclaimed Property. As quickly as we return lost money, we get even more in,” said State Treasurer John Schroder in a press release. “One in six people has Unclaimed Property so the odds are pretty good that you’ll find something.”

The state is holding about $610 million in unclaimed property according to the state treasurer’s website, including $120 million from residents in Orleans Parish, $27 million from residents in St. Tammany Parish and $41 million from residents in Caddo Parish.

Louisianians looking to see if they have unclaimed property to collect can check here. And residents that have lived in another state can check programs nationwide here.

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JC Canicosa
JC Canicosa

JC Canicosa is a former Louisiana Illuminator reporter. Prior to working with the Illuminator, Canicosa worked for Investigate-TV and The Loyola Maroon. Canicosa earned a bachelor’s degree in journalism from Loyola University New Orleans. At Loyola, he was the senior staff writer at The Maroon and the president of the school's chapter of the Society of Professional Journalists. Off the clock, Canicosa enjoys playing basketball, watching movies and dabbling in comedy writing.