Treasurer Clint Zweifel predicts hundreds to find Unclaimed Property at the Missouri State Fair
For Immediate Release
Wednesday, August 11, 2010
State Treasurer Clint Zweifel (ZWY-ful) said today that he is expecting hundreds of Missourians to claim Unclaimed Property at the 2010 Missouri State Fair beginning tomorrow. One in 10 Missourians has Unclaimed Property, and more than $600 million is waiting for more than 3.5 million account holders.
"Hundreds of Missourians will go home with more money than they came with and we will be getting it back to them faster than ever before," Treasurer Zweifel said. "School is right around the corner for many families and an average claim of $365 can help a lot."
Treasurer Zweifel's Unclaimed Property team will be located in the Mathewson Exhibition Center from 10 a.m. to 4 p.m. each day of the State Fair. Fairgoers will be able to search for property, file claims and ask questions
"Of the record $35 million my administration returned in the past fiscal year, $46,761 was returned at the 2009 State Fair," Treasurer Zweifel said. "My team is definitely looking to beating that this year."
Unclaimed Property can be searched 24 hours a day, seven days a week at www.ShowMeMoney.com. More than 80 percent of account owners may also be eligible to file a paperless claim to receive their property on this website. Wait times for returns are at an average of 15 days, down from 43 days at the end of 2008. Since January 2009, Treasurer Zweifel has returned $48 million to 138,000 account owners.
For more information on Treasurer Zweifel's Unclaimed Property, go to www.ShowMeMoney.com or call (573) 751-0123.
About Treasurer Zweifel's Unclaimed Property
tate law requires financial institutions, insurance companies, public agencies and other business entities to turn over assets to Treasurer Zweifel's office that belong to a customer, client, employee or other owner if there have been no documented transactions or contact with the owner for five or more years. Most Unclaimed Property consists of cash from bank accounts, stocks, bonds and contents of safe deposit boxes that have been abandoned. It also can include uncollected insurance policy proceeds, government refunds, utility deposits and wages from past jobs. Treasurer Zweifel's office does not handle real property such as land, houses, cars and boats. There is $600 million in Unclaimed Property maintained by Treasurer Zweifel. Treasurer Zweifel never charges for the return of Unclaimed Property.