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Illinois State Treasurer Michael Frerichs returned nearly $276 million in unclaimed property in 2023, bringing Frerichs' total since taking office in 2015 to more than $1.9 billion.
Across the nation, more than $20 billion is waiting to be reclaimed by citizens who may not even know they may be owed cash from "unclaimed property," which can include uncashed paychecks, refunds ...
Other programs have been assigned to the Treasurer's office by law. For example, the Treasurer collects estate taxes due the state, approves the encumbrance of federal funds, offers various impact investment programs to farmers, small businesses and undercapitalized communities, and administers both escheats and unclaimed property accruing to ...
Unclaimed property laws in the United States provide for two reporting periods each year whereby unclaimed bank accounts, stocks, insurance proceeds, utility deposits, un-cashed checks and other forms of "personal property" are reported first to the individual state's Unclaimed Property Office, then published in a local newspaper and then ...
Continue reading → The post Unclaimed Money From Deceased Relatives appeared first on SmartAsset Blog. But through poor oversight or lack of planning, an inheritance could be temporarily displaced.
The Cook County Treasurer oversees what is the United States' second-largest system of property tax collection and distribution. [1] The inaugural holder of the office of treasurer was Archibald Clybourn, an early settler of Cook County. [2] The office was established in 1831, and since 1835 has been an elected, partisan position.
The City Treasurer’s Office is the custodian and manager of all cash and investments for the City of Chicago, the four City employee pension funds, and the Chicago Teacher’s Pension Fund. Additionally, the Treasurer’s Office manages a number of programs that promote financial education and small business growth in Chicago’s neighborhoods .
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