Hands off my money, State of Ohio

Binder found out that in order to claim the money, he had to reopen the estate, which could cost him hundreds of dollars.
Binder found out that in order to claim the money, he had to reopen the estate, which could cost him hundreds of dollars.

TOLEDO -- John Binder lost his father, Gustave, 19 years ago. Binder was the executor of his father's estate, which meant he was responsible for collecting all assets.

Turns out he missed one.

"It was a small pension check of my father's," Binder says of the check for $310.44.

The unclaimed fund was being held by the State of Ohio. Binder thought claiming it would be easy -- so he filled out the paperwork.

However, Binder found out that in order to claim the money, he had to reopen the estate, which could cost him hundreds of dollars. Needing help, he contacted Call 11 for Action problem solver Mika Highsmith.

"I'd have to pay an attorney to reopen the estate" just to collect a few hundred. "He'd probably get the money I'm going to collect," Binder says.

Binder feels this is not fair.

"To me the state is just making it tough to collect the money," he says. "There are probably 100 of millions of dollars in this fund right now."

Actually, more than $700 million in Ohio right now is just waiting to be claimed.

If you'd like to find out if you have some unclaimed funds that are due to you, go to www.missingmoney.com and check it out.

If you're collecting for someone who's deceased, then you have to be the executor of an open estate. Because the amount is under $1,000 Binder is going to get his money. All he has to do is prove he's the closest living heir.

If you have a problem you think Mika can help you with, contact her at 419-248-1128 or mhighsmith@wtol.com.

Posted by KO