State Treasurer Curtis Loftis Announces Unclaimed Property Program Coming to Beaufort County
June 13, 2017
They will be at the Bluffton Public Library on Thursday, June 15, from 10 a.m. to 2 p.m. to provide free unclaimed property searches, answer questions about the claims process, and accept claim documents. The event is an effort between Treasurer Loftis and Beaufort County Treasurer Maria Walls to help reunite the citizens of Beaufort County with any unclaimed property they may have.
“It’s important that every South Carolinian knows about our unclaimed property program,” said Treasurer Curtis Loftis. “In South Carolina we have more than $550 million in unclaimed funds. We are committed to returning unclaimed property to the rightful owner, and citizens need to know this service exists. It’s free and only takes a few minutes to find out if you or your business has money waiting to be claimed. I appreciate Treasurer Walls’ invitation to host this event for her community,” Treasurer Loftis added.
The State Treasurer’s Office serves as custodian of more than $550 million in unclaimed property and holds it in safekeeping for the citizens of South Carolina. Last fiscal year, unclaimed property staff returned over 29,000 accounts worth more than $23 million for South Carolina individuals and businesses. Examples of unclaimed property include dormant bank accounts, uncashed checks (including paychecks), unclaimed insurance proceeds, forgotten utility deposits, uncashed dividend checks, abandoned and matured U.S. Savings Bonds, as well as unexchanged shares of stock.
“Our mission is to serve the public with innovation and enthusiasm, part of that has meant partnering with other government agencies, like the State Treasurer’s Office, that share our commitment to service,” said Beaufort County Treasurer Maria Walls. “While our primary responsibility is to collect taxes, it’s exciting to be able to return money to our citizens instead.”
A representative from the Future Scholar 529 College Savings Program will also be at the Bluffton Public Library. Future Scholar is the 529 college savings plan sponsored by the State of South Carolina and administered by the Office of State Treasurer, Curtis Loftis.
Individuals may search for property at www.treasurer.sc.gov prior to the event. No appointment is necessary, however, individuals with questions about claiming a specific property may make an appointment prior to the event by contacting the Beaufort County Treasurer’s Office online or by phone.
South Carolina State Treasurer Curtis M. Loftis, Jr. is the administrator of the South Carolina Unclaimed Property Program and is the President of the National Association of Unclaimed Property Administrators.