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It is much easier to claim missing money for yourself, than it is for a loved one to claim money held in your name after your death. The claims process during an estate administration can be very long, often over 120 days. However, Philipps & Graham, LLC was able to help at least one client recover over $15,000 during an estate administration, so checking to see if you have any unclaimed funds can certainly be worthwhile.
Common examples of unclaimed funds include inactive checking accounts, savings accounts, refund/credit balances, uncashed checks, retirement accounts, securities, and dividends. Life insurance policies and safe deposit boxes are property types about which family and heirs are commonly unaware. (1)
At this year’s Ohio State Fair, the Division of Unclaimed Funds helped nearly 1,000 claimants find a total of $332,829. The average claim amount at the fair this year was $334. Two different fairgoers found claims of more than $55,000. (2)
How Do You Claim Funds?
Click the link below to search for unclaimed funds, claim them, and get your claim form.
💡 Tip: Be sure to check every state in which you have lived, including temporary addresses (such as a college address.)
References:
(1) Recovering Unclaimed Funds for Deceased Property Owners
(As seen in the Probate Law Journal of Ohio)
(2) Ohio Department of Commerce
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