Millions of dollars in unclaimed property waits to be reunited with Hoosiers

By Cameron Mattern
TheStatehouseFile.com

INDIANAPOLIS — Indiana has more than $460 million in unclaimed property and state officials say they could have money or items that belong to you.

The Office of the Attorney General held the first “Indiana Unclaimed Day on Monument Circle” on Thursday and reunited Hoosiers with nearly $27,000. The unclaimed property can include safe deposit box contents, life insurance policies, trusts, accounts, deposits and more.

“In addition to having a day like this, the mobile office is out and we are getting ready to have about three weeks at the State Fair, so yes, our plan is to just keep growing this,” said Lindsey Mayes, director of Unclaimed Property Division with the attorney general’s office.

So far, Attorney General Curtis Hill’s mobile office has visited 41 of the state’s 92 counties.

Overall, money returned so far this year is more than $34 million.

“He’s been visiting counties all around the state and now this is his opportunity to be here in Indianapolis and on the Circle,” Mayes said.

People or businesses can lose money or items in a variety of ways. Someone may move and forget to update their address. A check might be received, but lost or forgotten. The owner may die and the relatives are unaware of a bank account, safe deposit box or stock.

Advertising plays an important role in the process of reuniting people with their property. The Unclaimed Division has a large presence online and on social media. The division also lists names of people with unclaimed property in newspapers to alert Hoosiers.

The state generally holds unclaimed property for 25 years. If no one claims it after 25 years, the money or items become property of the state.

Hoosiers can visit IndianaUnclaimed.gov to see if they have any unclaimed property and start their claim.

Cameron Mattern is a reporter for TheStatehouseFile.com, a news website powered by Franklin College journalism students. 

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