CHARLESTON — State Treasurer Riley Moore introduced his Workplace’s Unclaimed Property Division returned greater than $900,000 to people, companies and different organizations in the course of the month of November.
“We had a powerful month of claims in November, and as we method the top of the 12 months, I’m assured that we are going to keep this momentum,” Moore mentioned. “Our Unclaimed Property Division workers and Native Authorities Specialists are continually working to reunite folks with their misplaced belongings.”
The Unclaimed Property Division paid out 1,307 claims in the course of the month of November, returning a complete of $913,777.61 to rightful house owners.
“As we method the vacations, discovering unclaimed property is like receiving an surprising Christmas present,” Moore mentioned. “As at all times, we encourage everybody to go to www.wvtreasury.com and click on on the ‘Search’ button to see if now we have any unclaimed property in your identify.”
What’s unclaimed property?
Unclaimed property can embrace monetary accounts or objects of worth during which the proprietor has not initiated any exercise for one 12 months or longer. Frequent examples embrace unpaid life insurance coverage advantages, forgotten financial institution accounts and unused rebate playing cards. (Whereas the title contains the phrase “property,” it doesn’t nonetheless embrace actual property.)
West Virginia’s unclaimed property legal guidelines shield the general public by guaranteeing cash and property owed to them is returned to them, relatively than remaining completely with monetary establishments, enterprise associations, governments and different entities. The Treasurer seeks to reunite the unclaimed property, together with uncashed paychecks, shares, or secure deposit field contents, with its proprietor.
Nationwide, practically 33 million folks in the USA — one in each 10 — are estimated to have unclaimed property obtainable for them to say.