Types of Kentucky Unclaimed Funds
A lot of people simply dismiss the idea of getting unclaimed funds because they think that this is some sort of a scam. This couldn’t be farther from the truth because there really are instances when people actually have received Kentucky unclaimed funds after searching their names through the State Treasury’s database. The Division for Unclaimed Funds of Kentucky facilitates the safekeeping as well as the updating of a database of millions of individuals that may have unclaimed properties.
Now that you have some idea how things work, you might be wondering how to actually claim those funds. But before you do stake a claim or search for your name in their database, ask yourself a couple of questions. Have you moved to another State in the last couple of years? Do you have insurance claims that you might not have been able to get due to some circumstances? These are just some of the questions you need to ask to determine if you have any Kentucky unclaimed funds. To know further, try to look at the following types of funds that may be claimed at the Division of Unclaimed Funds:
- Dividends from stocks, bonds, mutual funds and equities
- Lottery winnings
- Unclaimed wages and commissions
- Safe deposit box contents
- Dormant accounts, may it be savings or checking accounts
- Security deposits for rental of property
- Income Tax refunds
- Investment returns
- Royalty payments
- Unclaimed inheritance
- Insurance benefits
On some cases, these Kentucky unclaimed funds are due to relocation and other changes in a person’s life that causes them to move to another part of the country and forget about their other sources of funds. Sometimes, a dead relative leaves their closest family member some money that the heir is not aware of. Other times, divorce or a marriage takes place and the person concerned undergoes some changes in name and civil status.
Whatever the reason may be, you can always try your luck and search the database for Kentucky unclaimed funds. If you try to log on to the government site, then you will find out that you can already begin your search online. You may also download the form so you can start filing your claim.
