What is Unclaimed Property?
What is Unclaimed Property and where does it come from?
The state of Georgia has unclaimed property in the form of uncashed checks, security deposits, overpayments, and more. For many reasons, people may lose track of financial assets or property. Perhaps you moved and didn’t leave a forwarding address or a loved one passed away without a will or a record of their holdings.
If the owner doesn’t take action for the property within a set amount of time, the holder of the property is required to turn it over to the state. The state protects the interests of the owners so they may be reunited with their property.
What’s the next step? Search the Georgia Unclaimed Property database to see if YOU have any unclaimed property.
How do I search for unclaimed property? Does it cost anything to search?
The state of Georgia maintains a database of this unclaimed property. It is completely FREE to search the database and to claim your property. All you need to begin is:
- Your name. Adding the city will narrow down your search results.
- If you submit a claim, there may be additional documentation required such as, Social Security Number.
May I search and/or submit a claim for unclaimed property on behalf of an estate?
Yes, but you will need additional documentation:
- You will need the decedent’s name, Social Security Number and/or the estate’s Federal Employer Identification Number to begin the search.
- You will be required to submit a printed Claim Form that may need additional documentation.
How do I keep my property from becoming lost in the future?
Property becomes lost when a company has no communication with the owner. For security reasons, most financial institutions do not forward mail. You should:
- Contact the institutions that hold your money or property every year, especially when there is an address change or change in marital status.
- Keep accurate records and record all insurance policies, bank account numbers with bank names and addresses, types of accounts, stock certificates, and rent and utility deposits.
- Cash all checks for dividends, wages, and insurance settlements without delay.
- If you have a safe deposit box, record its number, bank name and address, and give the extra key to a trusted person.
- Prepare and file a will detailing the disposition of your assets.
Read the Unclaimed Property FAQs