(Part 1 of 2)

The tiniest state capital in the United States, Montpelier, is located in Vermont. It is also the nation's largest maker of maple syrup and the state is also home to Ben & Jerry's Ice Cream company. Jerry Greenfield and Ben Cohen first got started in Burlington, Vermont on May 5, 1978 and the company's headquarters are currently set up in Waterbury. According to a recent press release from the Treasury Department, it seems that the New England state has even more sweet stuff to offer besides maple syrup and ice cream and it's in Treasurer Jeb Spaulding's office – Vermont unclaimed money.

The state currently has roughly 42 million dollars in Vermont unclaimed property that is owed to roughly 200,000 Vermonters. Forgotten financial assets in the possession of banks and other financial establishments are turned over to the State Treasury Department after a specified period of 'dormancy'.

The state then holds on to the lost funds and financial assets for safekeeping until the true owners come to claim them. The government is required by law to make efforts in tracking down residents who are owed cash and Treasurer Spaulding has actually been able to reunite some of the unclaimed property in Vermont with their jubilant owners.

(to be continued)

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The state then holds on to the forgotten funds and abandoned assets for safekeeping until the true owners step forward to claim them. The government is required by law to exert efforts in finding residents who are owed money and Treasurer Spaulding has actually been able to reunite some of the unclaimed money in Vermont with their jubilant owners.

In Vermont, the average unclaimed money value is approximately $750. Many individual claims are for less than $50, but there have been windfalls for some people. A former teacher was shocked with $150,000 from forgotten stocks her husband bought in the 1960's. Even state agencies are on the Vermont unclaimed money list. The state Transportation Agency has $60.87 from three different accounts and Vermont Senate President Peter Shumlin is owed missing money by the state. Even members of the rock group Phish have unclaimed money coming to them. The highest unclaimed account so far is for the massive amount of $980,000 waiting for the lucky Vermonter to step forward and claim. "In this case, it must be a fairly extraordinary person," Spaulding comments "There appears to be unclaimed property in the same name in other states. We seem to have determined she's very likely deceased with no will and no identified heirs."

According to the Treasurer, "Unclaimed property refers to accounts in financial institutions, companies, non-profits, even state governments that are some kind of financially related property, whether it's a tax rebate or a savings account or travelers checks, or gift certificates, insurance policies. And when the institution, whether it's a private or public entity, loses contact with the person whose property it is, for a certain number of years, usually it's three or five years, they turn it over to the state to try to find the rightful owners. Every state has an unclaimed property office, and there are some easy ways for people to search and find out whether a particular state has something for them."

Spaulding also cautions his state's residents against individuals who may try to take a large chunk of their money by offering to help them track down their unclaimed money for a fee. Under Vermont Unclaimed Money Law, it is illegal for unclaimed money finders to charge more than 10% on cash found in the state of Vermont. Doing an unclaimed money search yourself is the optimal way to go – it's a fairly simple process, once you know where and how to search.

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(Part 1 of 2)

The tiniest state capital in the U.S., is the Vermont city of Montpelier. It's also the nation's biggest producer of maple syrup and the state is also home to Ben & Jerry's Ice Cream company. Ben Cohen and Jerry Greenfield first got started in Burlington, Vermont on May 5, 1978 and the company's headquarters presently call Waterbury home. According to a recent press release from the Treasury Department, it appears that the New England state has something even more sweet to offer besides ice cream and maple syrup and it is in Treasurer Jeb Spaulding's office – Vermont unclaimed money.

The state currently holds about $42 million in Vermont unclaimed money that belongs to roughly 200,000 Vermonters. Forgotten financial assets being held by banks and other financial establishments are handed over to the State Treasury Dept. after a certain period of 'dormancy'.

(to be continued)

–

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According to the Treasurer, "Unclaimed property refers to accounts in financial institutions, companies, non-profits, even state governments that are some kind of financially related property, whether it's a tax rebate or a savings account or travelers checks, or gift certificates, insurance policies. And when the institution, whether it's a private or public entity, loses contact with the person whose property it is, for a certain number of years, usually it's three or five years, they turn it over to the state to try to find the rightful owners. Every state has an unclaimed property office, and there are some easy ways for people to search and find out whether a particular state has something for them."

Spaulding also cautions his state's people against individuals who might try to take a large chunk of their cash by offering to help them track down their unclaimed funds for a fee. Under Vermont Unclaimed Property Law, it is illegal for unclaimed funds finders to charge more than 10% on cash found in the state of Vermont. Performing an unclaimed funds search yourself is the best way to go – it's a relatively simple process, provided you know how and where to search.

–

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(Part 1 of 2)

The smallest state capital in the United States, Montpelier, is located in Vermont. It's also the country's biggest maker of maple syrup and the state is also home to Ben & Jerry's Ice Cream company. Jerry Greenfield and Ben Cohen first got started in Burlington, Vermont on May 5, 1978 and the company's headquarters are currently set up in Waterbury. According to a recent press release from the Treasury Department, it seems that the New England state has even more sweet stuff to offer besides maple syrup and ice cream and it's in Treasurer Jeb Spaulding's office – Vermont unclaimed money.

The state currently has about $42 million in Vermont unclaimed funds that is owed to around 200,000 Vermonters. Forgotten financial assets being held by banks and other financial establishments are turned over to the State Treasury Department after a certain period of 'dormancy'.

The state then holds on to the lost funds and abandoned assets for safekeeping until the true owners come to claim them. By law, the government is required to exert efforts in locating residents who are owed cash and Treasurer Spaulding has actually been able to reunite some of the unclaimed funds in Vermont with their jubilant owners.

In Vermont, the average unclaimed funds amounts to about $750. A lot of individual claims amount to less than $50, but there have been windfalls for some residents. A retired teacher was shocked with $150,000 from forgotten stocks her husband bought back in the 1960's. Even state agencies are on the Vermont unclaimed funds list. The state Transportation Agency has $60.87 from three different accounts and Vermont Senate President Peter Shumlin is owed money by the state. Even members of the rock group Phish have unclaimed funds coming to them. The highest unclaimed account yet is for the massive amount of $980 thousand waiting for the lucky Vermonter to step forward and claim. "In this case, it must be a fairly extraordinary person," Spaulding comments "There appears to be unclaimed property in the same name in other states. We seem to have determined she's very likely deceased with no will and no identified heirs."

(to be continued)

–

$32 billion in unclaimed money is floating around America
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(Part 2 of 2)

In VT, the average unclaimed funds value is approximately $750. Many individual claims are for less than $50, but there have been windfalls for some people. A retired teacher was shocked with $150,000 from forgotten stocks her husband had purchased back in the 1960's. Even state agencies are on the VT unclaimed funds list. The state Transportation Agency has $60.87 from three different accounts and Vermont Senate President Peter Shumlin is owed abandoned assets by the state. Even members of the rock group Phish have unclaimed funds waiting to be discovered. The largest unclaimed account yet is for the massive amount of $980 thousand waiting for the lucky Vermonter to take it home. "In this case, it must be a fairly extraordinary person," Spaulding comments "There appears to be unclaimed property in the same name in other states. We seem to have determined she's very likely deceased with no will and no identified heirs."

According to the State Treasurer, "Unclaimed property refers to accounts in financial institutions, companies, non-profits, even state governments that are some kind of financially related property, whether it's a tax rebate or a savings account or travelers checks, or gift certificates, insurance policies. And when the institution, whether it's a private or public entity, loses contact with the person whose property it is, for a certain number of years, usually it's three or five years, they turn it over to the state to try to find the rightful owners. Every state has an unclaimed property office, and there are some easy ways for people to search and find out whether a particular state has something for them."

Spaulding also cautions his state's residents against individuals who may try to take a large chunk of their money by offering to help them locate their unclaimed funds for a finder's fee. Under VT Unclaimed Property Law, it is not legal for unclaimed funds finders to charge more than 10% on money found in the state of VT. Performing an unclaimed funds search yourself is the best way to go – it's a fairly simple process, once you've learned how and where to search.

–

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(Part 1 of 2)

The tiniest state capital in the United States, is the Vermont city of Montpelier. It is also the country's biggest maker of maple syrup and the state is also home to Ben & Jerry's Ice Cream company. Ben Cohen and Jerry Greenfield first opened shop in Burlington, Vermont on May 5, 1978 and the company's headquarters presently call Waterbury home. According to a recent press release from the Treasury Dept., it appears that the New England state has something even more sweet to offer besides ice cream and maple syrup and it is in Treasurer Jeb Spaulding's office – Vermont unclaimed money.

The state currently has about 42 million dollars in VT unclaimed funds that belongs to around 200,000 Vermonters. Forgotten financial assets in the possession of banks and other financial establishments are handed over to the State Treasury Department after a specified period of 'dormancy'.

The state will then hold on to the lost funds and financial assets for safekeeping until the true owners step forward to claim them. By law, the government is required to make efforts in locating residents who are owed cash and Treasurer Spaulding has actually been able to reunite some of the unclaimed funds in VT with their jubilant owners.

(to be continued)

–

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