Do you have to pay to find unclaimed property?

Do you have to pay to find unclaimed property?

You don’t have to pay a fee. There are companies out there that try to act as an intermediary, but you do not have to use these. You can find unclaimed money yourself for free. I’ve written before about using MissingMoney.com to find unclaimed property.

Where can I find list of unclaimed inheritances?

It’s easy for individuals to search for unclaimed inheritance money, thanks to online databases. The best place to begin your search is www.Unclaimed.org, the website of the National Association of Unclaimed Property Administrators (NAUPA). This free website contains information about unclaimed property held by each state.

How long does it take for unclaimed property to become escheatable?

The dormancy period is the time during which property remains unclaimed before becoming escheatable; for a payroll check, the dormancy period can be one, two, three, or five years, depending on the owner’s address.

Is there a money match for unclaimed property in Delaware?

MONEY MATCH: Thousands of Delaware taxpayers are being reunited with your missing money by the Delaware Office of Unclaimed Property’s Money Match program. Through our Money Match program, we are returning your unclaimed property funds to you, without any action required on your part.

Is there a time limit to claim unclaimed property?

There is no time limit on claiming unclaimed property from a deceased relative. All unclaimed property is held in safe hands and can be claimed at any point. The state never takes ownership of the money and charges no fees.

How can I find out if I have unclaimed property?

Visit the Find and Claim section for an interactive map that will launch your state’s unclaimed property program. From there, you can conduct a free search to see if you have unclaimed cash or property in that state.

When is money turned over to the unclaimed property division?

It is like a giant lost and found department. When companies owe someone money and cannot find the person — or when a bank account goes untouched for three years and the owner can’t be reached — the money gets turned over to the state’s unclaimed property division.

When do you receive an unclaimed property audit notice?

Corporations’ tax departments often become aware of the concept of unclaimed property when they receive an audit notice. But unclaimed property obligations are not a tax; rather, they represent a property right.