Disclaimer: This article is for informational purposes and does not constitute legal advice.
Detailed Answer
Unclaimed property refers to financial assets or personal property that businesses and government agencies hold when the owner becomes inactive for a set period. In Georgia, the Department of Revenue (DOR) administers unclaimed property under O.C.G.A. § 44-12-202. If a relative dies without accessing these assets, heirs can locate and claim them by following a clear process:
- Identify Potential Assets: Common unclaimed assets include bank accounts, uncashed checks, refunds, security deposits, stocks and dividends, safe deposit contents, and utility deposits. Review the decedent’s financial records, mail, and tax returns to spot missing items.
- Search Georgia DOR Database: Visit the Georgia DOR Unclaimed Property Search at dor.georgia.gov/unclaimed-property. Enter the decedent’s full legal name to find matches. Georgia holds abandoned property indefinitely until a valid claim appears.
- Check National Databases: Use MissingMoney.com and the National Association of Unclaimed Property Administrators portal. These sites aggregate unclaimed property records from multiple states.
- Gather Required Documents: Prepare a certified death certificate, a government-issued photo ID, proof of relationship (such as a birth certificate or will), and letters of administration or testamentary from the probate court. Under O.C.G.A. § 44-12-223, the state may require clear chain-of-title documentation.
- File a Claim: Complete the Georgia DOR claim form online or by mail. Attach all supporting documents. Georgia reviews claims under the requirements in O.C.G.A. § 44-12-226. The DOR aims to process valid claims within 60 days.
- Receive Your Property: Upon approval, Georgia issues payment by check or direct deposit. The state holds assets until heirs file a correct and complete claim.
Helpful Hints
- Gather the decedent’s full legal name, Social Security number, and last known address to refine your search.
- Obtain multiple certified death certificates; agencies often require original or certified copies.
- Review probate court records in the county where the decedent lived to find assets not reported to the DOR.
- Contact financial institutions directly if you know specific banks or firms with which the decedent dealt.
- Keep organized copies of all forms and correspondence for your records.