$65 million remains to be claimed in the 6th Senate District
CHICAGO – This week, State Senator Sara Feigenholtz and Illinois Treasurer Michael Frerichs returned $1.8 million in unclaimed cash and stock to a longtime Lakeview resident.
“Approximately $65 million in assets remain to be claimed in the 6th Senate District. Most people shrug off the possibility that they have lost or forgotten assets, and when they search, they can be pleasantly surprised by what they find,” said Feigenholtz (D-Chicago). “I strongly encourage everyone to check with the treasurer’s office to see if they have any unclaimed property.”
The Treasurer’s Office safeguards billions in unclaimed Illinois property, which includes forgotten bank accounts, PayPal account balances, unclaimed life insurance benefits and other assets that belong to families, businesses and nonprofits. Frerichs and Feigenholtz continue to work together to remove unnecessary red tape to get the unclaimed property to its rightful owners. The two teamed up this spring on House Bill 2224, a new law that fine-tunes Illinois’ unclaimed property law to help get tax refunds and gifts made through wills into the hands of taxpayers and their heirs.
“Senator Feigenholtz and her staff work closely with my office to connect her constituents with their lost or forgotten property. It is that kind of teamwork that has delivered record returns of unclaimed property,” said Frerichs. “There is more to do, and working together will get us there.”
“Treasurer Frerichs is a national leader when it comes to fighting for consumers and helping them recover their unclaimed property,” Feigenholtz added. “I’m proud to partner with him to make Illinois’ unclaimed property program the best in the nation, and I admire his dedication to helping people get their money back, no matter what it takes.”
Residents can search for unclaimed property at IllinoisTreasurer.gov/ICASH, email UnclaimedProperty@IllinoisTreasurer.gov, or call 800-961-8303.
