DES MOINES, IA --- State Treasurer Michael L. Fitzgerald announced he has over $273 million in treats waiting for Iowans in the form of unclaimed property in the Great Iowa Treasure Hunt. “There’s no trick involved in the Great Iowa Treasure Hunt – only treats for those who find they have property to claim.” Fitzgerald said. “We are holding lots of ‘spooky’ unclaimed properties for individuals and businesses.”
The thought of losing track of one’s assets can be truly scary. “Anybody can have unclaimed property in the Great Iowa Treasure Hunt, which is why we encourage everyone to search their name,” Fitzgerald added. “We are holding unclaimed property for a few Ghosts, Batmans and several Angels. For royalty, we have Kings, Queens, Princes and Princesses. We even have property for the Vampire Support of Urbandale!”
The Great Iowa Treasure Hunt program has returned over $270 million in unclaimed property to more than 592,000 individuals since Fitzgerald started it in 1983. Unclaimed property refers to money and other assets held by financial institutions or companies that have lost contact with the property’s owner for a specific period of time. State law requires these institutions and companies to annually report and deliver unclaimed property to the state treasurer’s office. The assets are then held until the owner or heir of the property is found. Common forms of unclaimed property include savings or checking accounts, stocks, uncashed checks, life insurance policies, utility security deposits, and safe deposit box contents.