By Rick Howlett
Louisville, KY – Kentucky Treasurer Todd Hollenbach says the state is now holding about $300 million worth of unclaimed assets.
Unclaimed property typically includes savings and checking accounts, stocks and personal property forgotten by their owners.
Sometimes the owners have died and their heirs aren't aware of the property.
Hollenbach says unclaimed property is usually turned over to the state after about three years. Cash doesn't sit idle; tens of millions of dollars are transferred annually into the state's general fund, but the state will return the money when a rightful owner comes forward.
Hollenbach says the state has been receiving about $40 million in overall unclaimed property for each of the last several years. His office keeps a searchable database of the property.
http://www.kytreasury.com/Unclaimed+Property+Search.htm