What is Unclaimed Property?
Unclaimed Property (also known as abandoned or escheat property) is exactly that – money or tangible assets that belong to you but are viewed as “abandoned” because there’s been no activity or contact with you (by the holder) for one year or more.
Every U.S. state, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, several Canadian provinces and a few other foreign countries have active unclaimed property programs in place. Currently, states, federal agencies, and other organizations collectively hold more than $58 billion in unclaimed cash and benefits.