Unclaimed money is affecting most states in America. One of the major problems that is haunting the state of Indiana is the problem of unclaimed money, which is under the spot light for all the wrong reasons. Thousands of residents in the state of Indiana are discovering that they have unclaimed money located in different region of the state, but they are still unaware about the correct method to claim the same back. The primary contributors to the growing pile of Indiana unclaimed money include idle savings accounts, unâ€cashed checks, contents in a safe deposit box, royalty payments, unclaimed gift certificates, insurance benefits, lost cash dividends and security and court deposits. As per the law related to Indiana unclaimed property that was released in the year 1967 by Indiana General Assembly, the property or the money that has been lying idle with the financial agencies, like banks, for over a specified period of time have to be handed back to the Attorney General for safe custody. For those who are unaware of facts related to Indiana unclaimed funds can be assured of the fact that the lost property is safe with the state agencies as they are the ones who take initiatives in reâ€uniting the real owners with their property. Searching for lost money in Indiana has been simplified by the Attorney General with the assistance of the database that contains all the relevant and up to date information related to unclaimed money or property. This online database or website offers independent search to the claimant on the basis of certain personal information. The claimant has the option of downloading the form through the website. The state initiatives also include publishing the name of property and the owners in the newspaper and sending notices to the same on the last known address in the state database. In case the claimant feels that his or her name is not mentioned in the list released by the state attorney then he is free to make a call at the attorney office so that correct information can be obtained. It is very important to know that the accounts related to lost property that may be less than 2 years old are not visible to the public on the website. The much hyped application procedure in the reâ€claiming process has been simplified by the state by creating a new robust technique to motivate the people. The latest state initiatives include organizing state fairs and exhibitions like Indiana black expo that offer informational support and assistance to the people on a walkâ€in basis. These informational booths offer assistance to the people in learning the correct procedure to claim back their rightful property. The process of re-claiming unclaimed money is initiated by submitting the application form by the applicant that is available online also. The claimant has to submit certain documents to prove his identity to the state like driver’s license, birth certificate, identification card and social security card. The instructions for filling up the form correctly are available on the state website of the Controller.
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