KENTUCKY, USA — Every year, Kentucky officials return millions of dollars to residents who have unclaimed property in their name.
Unclaimed property is any financial asset that has been left inactive by its owner for an extended period of time – usually about three years. These assets can include: closed bank accounts, court deposits, insurance checks, utility refunds, old paychecks, or closed estates.
After multiple failed attempts to contact the owner, the company with the individual's assets will report unclaimed property to state governments each year.
Currently, Kentucky's unclaimed property fund contains assets with a total value of nearly 800 million dollars, according to the state treasurer's website.
It's free to search for unclaimed property on state websites or nationally on