KY State Treasurer Allison Ball Proactively Returns nearly $5M to Kentuckians

ALLISON BALL

Kentucky State Treasurer Allison Ball has returned over $4,600,000 worth of unclaimed property to Kentuckians through proactive searches in 2017.

“I am a big believer in property rights,” Treasurer Ball said in a statement. “One of my favorite things to do in government is to return people’s property back to them. I am proud that my office has been able to focus on seeking out people and organizations to return money to.”

The Treasury’s Unclaimed Property Division is capable of conducting proactive searches without falling behind on its day-to-day workload due to efficiency measures put in place by Treasurer Ball. Soon after Treasurer Ball took office in 2016, she implemented changes to eliminate a 90-day claims backlog within the division. As a result of those changes, the Unclaimed Property division is now able to proactively seek claimants to return money.

On one occasion, Treasury staff notified a man that he had about $60,000 to claim. The man, who had recently lost his job, explained that this check had come at the perfect time and would be vital in helping him keep his family afloat during the difficult financial time.

“Proactively reaching out to individuals, schools, local governments, and charities is a priority of mine,” Treasurer Ball stated. “It is important that people and groups are made aware of the money that belongs to them so that they can claim it. Every dollar we can return is another bit of money that can go a long way in strengthening the local economy.”

In total, Treasurer Ball has returned over $20 million dollars of unclaimed property during 2017 and over $45 million since she took office. To check for unclaimed property, please visit www.treasury.ky.gov.

One thought on “KY State Treasurer Allison Ball Proactively Returns nearly $5M to Kentuckians”

  1. There are companies that specialize in finding people entitled to unclaimed money and unclaimed property, perhaps the best known being Heir Hunters International out of Los Angeles. In the main, such companies handle the “hard cases,” where the funds have been dormant for a significant period of time, more likely than not, because the original owner is deceased. In order to find to whom the funds belong, such cases involve a significant amount of research, which requires financial resources, for example, paying for researchers or for travel to libraries/courthouses/archives, often abroad. When approached by such a company, always run your name in the relevant databases, but also understand that your name may fail to appear. When dealing with an “heir hunter,” the golden rule is: legitimate “heir finders” never, ever ask for you to provide money up-front, but are paid out of the share the “missing heir” receives after the firm has secured the inheritance.

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