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Boyle residents have more than $2.5M in unclaimed funds

There is more than $2.5 million dollars in unclaimed property owed to Boyle County residents, their heirs or businesses, according to Kentucky Treasurer Allison Ball, and she wants to return it to the rightful owners.

According to a news release, Ball’s offices has already returned $251,967 to Boyle County residents since she took office three years ago. But there is also $2,536,554 more to return.

To date, her office has returned more than $70.1 million to Kentuckians, and returned more unclaimed property in a three-year period than any state treasurer in Kentucky history.

“One of my favorite things to do as treasurer is to return people’s money to them,” Ball said. “I am a big believer in property rights and I am proud of the success we have seen at the Treasury in returning a record amount of property to Kentuckians.”

The Kentucky state treasurer administers Kentucky’s Unclaimed Property Fund. Unclaimed property generally consists of payroll checks, unclaimed safety deposit boxes, old life insurance policies, stocks and more that have remained unclaimed by their owners after several years.

To search for unclaimed property, visit www.treasury.ky.gov  or go to www.missingmoney.com.

On the Kentucky Treasury webpage, there is a section titled “Unclaimed property” with headings to click to search if you are owed unclaimed property, file a claim, report unclaimed property and a section for frequently asked questions about the process.

To search for unclaimed property, enter your last name and resident state. A screen will show a selection of names identical or similar to the name you typed in. Next, select Kentucky in the drop down menu.

The next screen will show a list of the names and the addresses associated with the claim. From there, another page will ask several questions to determine if you’re eligible to file a claim for the property. If you are eligible, more instructions will be given on how to submit a claim. Also, the state may require documentation as proof of your right to claim.

Once the office receives all of the documentation needed for the claim, it will take no more than two weeks to receive a check for the amount in the mail.