Colorado’s State Treasurer Cary Kennedy owes its citizens more than 50 million dollars. It was reported in May by KCNC TV CBS 4 in Denver. Unclaimed property most commonly comes from things, such as dormant checking accounts, utility refunds, stocks and bonds, oil and gas royalties, safe deposit boxes, un-cashed insurance checks, dormant savings accounts, mutual funds, money orders, payroll wages, dividends, security deposits. Citizens residing in the State of Colorado who might have had one or more of these accounts or other similar accounts are encouraged to look for unclaimed funds. This is a responsibility of the State’s treasurer, to protect and return unclaimed property to its legal owners or heirs.
The Unclaimed Property list is updated yearly and is available on compact disc too. There is a list of more than 500,000 individuals having Unclaimed Property; the list is maintained alphabetically by the owner’s last name or Business name. For your expediency, amounts less than $25.00 are removed from the list. The format of the list consists of the owner’s name, last known address (if it is given), the Colorado property identification number, the kind of property, the last date of activity on the account and the amount of funds being held.
Once received by the office, the Treasurer guarantees that the claimants who accurately prove lawful ownership would receive their property back, even if the original financial institution or business closes.At present, the treasurer office of the particular State keeps a list of more than 500,000 names of people and businesses for which unclaimed property is available. Since its beginning in 1987, the State of Colorado has returned more than $100 million to the Coloradoans. In 2008, Colorado Unclaimed Property Division returned about $9 million in unclaimed property to the legal owners and heirs.
How to Claim Unclaimed Property
Claims are processed by the Treasurer’s office; a claim form would be sent straight to the potential owner or heir. The Treasury needs documentation of ownership and/or heir-ship, proof of identification and a notarized signature from the owner or heir. The kind of documentation would be different according to the kind of claim (i.e. owner, beneficiary, business and the kind of property).
You can perform online personal search as well as business search through the database maintained by Colorado’s office of State treasurer Kerry Kennedy. If the database shows you have some unclaimed property then the treasury would be requiring you to identify yourself along with the Social Security Number or business federal tax identification number. If the provided information matches to a name on the list, the Unclaimed Property Office would send you a claim form to fill out and return. Together with the form, you would require to submit a proof of ownership. The claim form you receive would contain a list of all the required documentation.
Online claim form is also available; the claim form contains complete instructions on how to fill the form and what documents should be attached while making a request for unclaimed property. Fill in the form by all means and send it to Colorado Unclaimed Property Division at following address;
Unclaimed Property Division
1580 Logan Street,
Denver, CO 80203