List of locals owed money coming this Wednesday

Published 12:00 am Saturday, October 19, 2019

LAPALCE — In Wednesday’s paper there will be a list of St. John Parish residents owed money by the state of Louisiana. The state currently has millions of dollars to return to its rightful owners, but first it has to locate those individual, according to State Treasurer John M. Schroder Sr. The list in Wednesday’s paper shows St. John parish residents who have unclaimed property of various types on record in the state Treasurer’s office. Businesses from all over the country are required by law to report unclaimed property to the Treasury each year. Sometimes, the address the company has on record is no longer correct. Funds may be in the form of cash, stocks, bonds, securities, insurance benefits or other. The assets are reported in the name and last known address of the owner(s). Earlier this year, Schroder reported on a woman who claimed more than $2 million she didn’t know she was owed. “It happens a lot more than you think,” Schroder said. The $2 million returned was to a young woman whose dad had oil and gas royalties about which she was unaware. In addition to checking the list in Wednesday’s paper you can check for unclaimed property on file in other family members’ names or names of friends.