Unclaimed Property in Laurel
Posted on: August 28, 2017
The Unclaimed Property Division of the Office of the State Treasurer, Lynn Fitch, is currently trying to locate the rightful owners of unclaimed assets as dictated in the Unclaimed Property Act. The law requires that “holders” such as banks, credit unions, insurance companies, retail stores, utility companies, and business associations turn over to the Office of the State Treasurer any assets such as money, cash, checks or stocks that have been abandoned for which there has been no contact for a period of five years.
For a list of all available assets in Laurel – CLICK HERE.
To Claim Your Property
- Print and complete the Unclaimed Property Claim Form. Be sure to include the property identification number.
- Have your completed form notarized.
- Mail your completed, notarized form to:
Office of the State Treasurer
Unclaimed Property Division
P.O. Box 138
Jackson, MS 39205
FREQUENTLY ASKED QUESTIONS
DOES UNCLAIMED PROPERTY MEAN YOU HAVE THINGS LIKE HOUSES, CARS AND BOATS?
NO – Unclaimed Property is money or stock not land or houses. Land records are kept at the County Courthouses.
I HAVE LIVED IN THE STATES OTHER THAN MISSISSIPPI. COULD I HAVE PROPERTY IN THOSE STATES AS WELL?
YES, go to www.unclaimed.org to check for Unclaimed Property in other states.
THERE IS PROPERTY BEING HELD FOR A FAMILY MEMBER OF MINE THAT HAS DIED. CAN I CLAIM IT?
YES, each legal heir can file a claim and we split the money/stock according to the filed Will or Obituary.
WHY WAS MY MONEY TURNED OVER TO THE STATE?
It is the law to turn over dormant or unclaimed money or stock after 5 years to the State Treasurer.
WHY DO I HAVE TO SEND IN A COPY OF MY IDENTIFICATION AND SOCIAL SECURITY CARD TO PROVE MY CLAIM?
This is needed to verify that we are paying the correct person. A lot of people use the same name.
WHAT IF I CANNOT PROVIDE PROOF OF OWNERSHIP TO THE PROPERTY?
Proof of ownership is usually established by address or social security verification. Sometimes, the claimant is not able to verify that he or she lived at the last known address that was reported. In these cases, we will do everything we can to assist you in establishing ownership. If we are not successful in
finding a connection to an old address, you may be asked to do further research. In most instances, claims of this nature are reviewed on a case by case basis.
I AM THE PARENT OR LEGAL GUARDIAN OF A MINOR WHO IS LISTED AS THE OWNER. WHAT DOCUMENTATION IS REQUIRED?
Send in a copy of your driver’s license and social security card as well as the birth certificate or driver’s license and social security card of the minor, also include all adoption or guardianship papers from the court.
I HAVE POWER OF ATTORNEY (POA) FOR A PERSON LISTED AS THE OWNER. WHAT DOCUMENTATION IS REQUIRED?
Send in a copy of the owner’s driver’s license and social security card, as well as a copy of the POA’s driver’s license, social security card and Power of Attorney document.
WHAT IF THE ORIGINAL OWNER OF THE PROPERTY IS DECEASED?
The regular documentation plus a copy of the owner’s death certificate along with a copy of the filed Will and Probate Orders. If no Will was left, send a copy of the obituary from the paper or the funeral program listing the heirs. If no Will was left and no obituary was printed in the paper, the heir can complete
Affidavit of Death and Heirship for consideration.
AFTER I FILE A CLAIM, HOW LONG DOES IT TAKE TO RECEIVE MY FUNDS?
Depending on our current volume and the complexity of your claim it will take approximately 4-6 weeks to process your claim once we have received all the required documentation. The period may be extended if all of the required documentation is not included with the original claim package. Claims with stock
securities may take longer.
Additional Questions? Email the Unclaimed Property Office or call 601.359.3534