Alabama’s unclaimed property vault is home to over a billion dollars in assets and a vast collection of valuable items, including precious jewelry and baseballs signed by the legendary Babe Ruth. Thousands of these assets are waiting to be claimed by their rightful owners. This vast collection of unclaimed property is a testament to the importance of staying on top of your finances and ensuring that you don’t lose track of your valuable assets.
According to recent reports, the unclaimed baggage held by the Alabama state treasury is estimated to be worth a staggering $1.3 billion.
Make sure to regularly check the updated list of unclaimed items, even if you’ve already claimed property before. Tangible items that remain unclaimed for a period of time will eventually be sent to auction, but don’t worry, you’ll still receive the money from the sale.
During an auction, State Treasurer Young Boozer shared an anecdote to explain the process. He said, “If Aunt Tilly’s jewelry is sold for $1,000, that amount is returned to her account. This ensures that it can be claimed later by Aunt Tilly herself, a relative, or an heir.”
Checking can be done within five minutes. Wondering how? Let’s find out.
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- Head to treasury.alabama.gov.
- Click on unclaimed property.
- Type in your information in the search bar.
- From there, if you have any unclaimed property you can file a claim.
The treasurer’s website is a great place to look for items that are up for auction.
In the past five years, rightful owners have received over $140 million in unclaimed property.
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