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Kentucky holds $1.2 billion in unclaimed property, including $134 million linked to Louisville
A state roadshow is helping Kentuckians search for money and other property that may be theirs. Louisville accounts for about $134 million of the statewide total, officials say.
Kentucky is holding $1.2 billion in unclaimed property, including about $134 million associated with Louisville, and state officials are bringing in-person claim assistance to communities across the state.
The Unclaimed Property Roadshow was scheduled to continue Thursday, Oct. 8, at the Middletown County Clerk’s Office from 10 a.m. to 1 p.m. Residents can also search for property online through the Kentucky Treasury’s unclaimed-property program or MissingMoney.com.
Unclaimed property can include funds from bank accounts, life insurance policies, stock certificates, apartment deposits and gift cards. It may be turned over to the state when a business or other holder cannot deliver it to its owner—for example, when a check is lost or forgotten.
Jim Florence, director of the state Division of Unclaimed Property, said 75 people made claims on the roadshow’s first day. One person’s claim totaled $26,000.
Jefferson County has more unclaimed property than any other area in Kentucky, officials said, in part because it is the state’s most populous county. County Clerk David Yates described the effort as a partnership between state and local government to return property to its owners.
The state keeps the property in the owner’s name, Florence said. If the owner does not claim it, eligible heirs may be able to do so by establishing their relationship to the original owner.