The types of assets that end up being 'unclaimed property' held by states range from dormant checking accounts to unpaid life insurance benefits.
"Some are in the six or even seven figures; then there are a lot that are very small amounts, sometimes just a couple of pennies," said John Murante, Nebraska state treasurer and president of the association. "Regardless of the size, we try to get it as quickly to [owners] as possible."
The average value of each claim is $2,080, according to the group. Last year, about $4 billion in property was returned to rightful owners.Each year on Feb. 1, the group holds "Unclaimed Property Day," when it encourages people— a national clearinghouse for unclaimed assets that most states participate in — or an individual state's unclaimed property website.
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