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.
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