State Promoting Unclaimed Property
Kathy Cornwell has spent over 40 years in local media, starting her career with an internship at WCBC in the late 1980s. After graduating from Frostburg State University, she worked extensively in cable television advertising and programming with Comcast. From 2002 to 2005, she was married to WCBC's Jim Robey. Kathy returned to the News Department at WCBC in 2023. She lives in Cumberland with her husband, retired radio station manager Rich Cornwell.
Old bank accounts. Safe deposit boxes. Life insurance policies. Just a few examples of what the State of Maryland is stewarding in its unclaimed property fund. Last year, Maryland was able to return over $121 million dollars in unclaimed property to rightful owners. The state maintains a website to search for unclaimed property at claimitmd.gov. State Comptroller Brooke Lierman said the state must steward such property indefinitely…
“In Maryland, most property is considered abandoned after 3 years, but for virtual currency, it’s five. Once the state receives these funds, we in the office of the state comptroller hold them forever until they’re claimed by the rightful owner or their heirs.”