LEXINGTON, Ky. (FOX 56) — Nearly $0.5 billion: that’s the total value of unclaimed assets that are in Kentucky’s Unclaimed Property Fund, according to the state treasurer.
Those $0.5 billion in assets is held by either state or local government agencies
As required by Kentucky law, companies are to mail letters to potential owners of property over a period of time. If assets aren’t claimed within 60 days, they get reported to the Kentucky State Treasury Unclaimed Property Division.
The state treasurer said the items mostly consist of:
- Payroll checks
- Unclaimed safety deposit boxes
- Old life insurance policies
- Vendor checks
To search for unclaimed property in Kentucky, visit kyclaims.unclaimedproperty.com. You can also check missingmoney.com to see if you have assets outside of the state.
If you’ve received a letter from a company to claim funds, the treasurer said to contact the company directly.