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Louisiana Man Claims Record Unclaimed Property Check
7 Feb
Summary
- A Louisiana man received over $320,000 in unclaimed property.
- This sum represents the largest unclaimed property check ever issued.
- The state of Louisiana has over $1.2 billion in unclaimed property.
A Louisiana man has received the largest unclaimed property check ever presented by the state treasurer. James Willet, 62, was awarded more than $320,000 in unclaimed funds during a presentation at the Logansport Chamber of Commerce.
An additional check for almost $80,000 was also issued for a trust benefiting Willet's son. State Treasurer John Fleming emphasized that Louisiana holds over $1.2 billion in unclaimed property, with one in six residents potentially having claims averaging $900.
Businesses annually submit millions in dormant funds to the state government. These funds can stem from various sources, including forgotten payroll checks, royalties, old bank accounts, or uncashed securities. Louisiana residents can check their eligibility for unclaimed property online.
