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Unclaimed Property
#12979794
11/29/18 09:31 PM
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Joined: Aug 2006
Posts: 18,109
COFF
OP
TFF Guru
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OP
TFF Guru
Joined: Aug 2006
Posts: 18,109 |
Anybody ever tried to file a claim to collect unclaimed property? How long does it take? I filed a claim about a month ago and still haven't heard back. About $400 from when I was in college. Starting to get frustrated. If you haven't heard of this, check it out HERE. Basically if a company owes money to someone but cannot find them, they are not allowed to keep the money. You pay it to the state of the last know address. The state keeps it in escrow until the proper owners claim it. This also happens with property. Search for your name on that website... you may be surprised what you find. Rent deposit checks, deposits from cable and phone companies. Oil and gas revenue is a big one. At my old company I cut a $200K check to WV on behalf of a deceased woman for whom we could not find any record of her next of kin.
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Re: Unclaimed Property
[Re: COFF]
#12979798
11/29/18 09:33 PM
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Joined: Sep 2005
Posts: 27,566
Uncle Zeek
aka "Dad"
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aka "Dad"
Joined: Sep 2005
Posts: 27,566 |
6-8 weeks is typical. Also keep in mind that the state keeps a fee from the money.
"Decency is not news; it is buried in the obituaries --but it is a force stronger than crime" ~ Robert A. Heinlein Artim Law Firm, PLLC Estate planning & tax attorney 2250 Morriss Road, Suite 205, Flower Mound, Texas 75028 972-746-0758 mobile zac@artimlegal.com
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Re: Unclaimed Property
[Re: Uncle Zeek]
#12979804
11/29/18 09:36 PM
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Joined: Aug 2006
Posts: 18,109
COFF
OP
TFF Guru
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OP
TFF Guru
Joined: Aug 2006
Posts: 18,109 |
6-8 weeks is typical. Also keep in mind that the state keeps a fee from the money. Yeah, I know about the fee. The really funny thing is that in TX, the money goes into the general fund. So they have already been using that as a sort of free loan, yet they still want a fee off the back end.
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Re: Unclaimed Property
[Re: COFF]
#12979844
11/29/18 10:03 PM
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Joined: Jul 2010
Posts: 9,512
TR176
TFF Celebrity
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TFF Celebrity
Joined: Jul 2010
Posts: 9,512 |
I have about $6 still there from my prison commissary account.
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Re: Unclaimed Property
[Re: COFF]
#12980319
11/30/18 03:24 AM
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Joined: Dec 2009
Posts: 8,633
blooper961
TFF Celebrity
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TFF Celebrity
Joined: Dec 2009
Posts: 8,633 |
We had 107 dollars in a bank account when we moved decades ago.We filed a claim Filled out the paperwork and then they said you had 107 in that account. Prove it. With documentation which was impossible. I guess that 107 will be there forever.
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Re: Unclaimed Property
[Re: COFF]
#12980595
11/30/18 05:06 AM
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Joined: Oct 2007
Posts: 5,082
DavidWhatley
TFF Celebrity
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TFF Celebrity
Joined: Oct 2007
Posts: 5,082 |
Wife recently got about $300 from S. Carolina. It took about 3 months, I think they kept about $30.00 in fees
"Every man must live with the man that he makes of himself, and the better job he does at molding his character and improving his mind, the better company he will have." Pauline Whatley
A wise man once said.......Nothing
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Re: Unclaimed Property
[Re: COFF]
#12980757
11/30/18 02:36 PM
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Joined: Jan 2013
Posts: 692
Lakhota
Pro Angler
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Pro Angler
Joined: Jan 2013
Posts: 692 |
I filed a claim for my wife for $76 I think and it was real quick and no fee since it was under $100. On the other hand when my grandmother died the state had $100-$200 of her money and the estate filed a claim. The state of TX would not accept the claim from the Executor of the estate and wanted each heir to file a sworn statement and then have it notarized. They would then pay to each heir, they should have paid to the estate as everything was submitted as needed but it is their way of keeping the money. It was to much hassle for that little of money so we just let them keep it.
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Re: Unclaimed Property
[Re: blooper961]
#12980767
11/30/18 02:43 PM
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Joined: Sep 2016
Posts: 9,419
Floon Swenson
TFF Celebrity
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TFF Celebrity
Joined: Sep 2016
Posts: 9,419 |
We had 107 dollars in a bank account when we moved decades ago.We filed a claim Filled out the paperwork and then they said you had 107 in that account. Prove it. With documentation which was impossible. I guess that 107 will be there forever. This was my experience with it. There was like $300 or whatever it was that I just didn't have sufficient documentation for. Same story for a couple hundred my Mom tried to recoup. The state probably keeps a fair amount of those funds that way.
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Re: Unclaimed Property
[Re: COFF]
#12980817
11/30/18 03:30 PM
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Joined: Apr 2007
Posts: 3,280
I'm The Dude
TFF Team Angler
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TFF Team Angler
Joined: Apr 2007
Posts: 3,280 |
Somebody owes my Dad $87 lol
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