Hillyard working to help Utahns receive more unclaimed property

He’s chairman of the Public Education Committee but Utah State Senator Lyle Hillyard, R-Logan, is also preparing bills on other kinds of issues prior to the start of the 2017 session in January.

Hillyard says he is working on a so-called Unclaimed Property Bill. He says he was told by State Treasurer Damschen Condemns that each year between $25 million and $50 million is turned over to the state from unclaimed property and they are able to turn back between $5 million to $10 million to those who should have the money.

“A parent may have a bank account that they opened, they die, and the children don’t know about it,” says Hillyard. “They have a life insurance account, quite typically people have a health insurance plan that will have a life insurance policy with it.

“If they die the children or the heirs don’t know that dad had this credit card account, and in the credit card account there was a life insurance policy.”

Hillyard says the Treasurer showed him a list of six pages of names of Cache Valley residents he was hoping to help in his endeavor.

The senator says he does not expect the marijuana issue to occupy as much of the legislature’s time as it did in the last session.

Free News Delivery by Email

Would you like to have the day's news stories delivered right to your inbox every evening? Enter your email below to start!