Missouri Unclaimed Property (MO)


 


 














Articles : Unclaimed Money

 

Missouri Unclaimed Property

You may be richer than you think.

Information on the Unclaimed Property Database.

The Office of State Treasurer Sarah Steelman administers the Unclaimed Property Division, the state’s largest lost and found. The state currently is holding more than $400 million in unclaimed assets. Each year financial institutions, businesses, government agencies and other organizations turn over millions of additional dollars and the contents of nearly 500 safe deposit boxes to the Unclaimed Property Division. Statistically, one of every 10 Missourians has assets being held by the state's Unclaimed Property Division.

State Treasurer Steelman and the staff of the Unclaimed Property Division use a variety of resources to assist in finding the original owners or rightful heirs of unclaimed property. The Unclaimed Property Division maintains unclaimed funds in trust for the rightful owners or their legal heirs forever. Unclaimed property never becomes the property of the State of Missouri.

The Unclaimed Property Division of Missouri holds the contents of abandoned safe deposit boxes for at least one year upon receipt. Silver bars, false teeth, diamond rings, cremated remains, letters signed by Abraham Lincoln and many other treasures have been discovered when opening abandoned safe deposit boxes.

Although Missouri State Treasurer Steelman would like to keep the contents of safe deposit boxes until an owner or heir is identified, the unclaimed property vault used to store non-monetary items of value (jewelry, coins, etc.) reaches capacity every couple of years. When the vault is full, the Unclaimed Property Division hosts an auction, and the proceeds generated from the sale of items from safe deposit boxes is recorded in the name of the safe deposit box owner. If owners or heirs are identified, they receive the entire proceeds from the sale of the items.

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What is unclaimed property?
Unclaimed property consists of cash from bank accounts, stocks, bonds, and contents of safe deposit boxes that have been abandoned - that is, for which there have been no documented transactions or contact with the owners in five or more years. Other types of unclaimed property include uncollected insurance policy proceeds, government refunds, utility deposits and wages from past jobs. The Unclaimed Property Division does not handle real property such as land, houses, cars and boats.

How does the state of Missouri get the property?
State law requires financial institutions, insurance companies, public agencies, and businesses to turn over unclaimed property to the state if they have had no contact with the owners for five or more years. The state's Abandoned Fund Account holds cash property in trust forever. Occasionally, the state auctions off abandoned non-monetary assets of value (jewelry, coins, etc.) from safe deposit boxes, and records the proceeds from their sale in the owner's names so that they or their heirs can claim the proceeds.

Do I have unclaimed property?
The fastest and most efficient way to check to see if you have unclaimed property is to visit our web site at www.showmemoney.com. If you don’t have access to the Internet, simply write to State Treasurer Sarah Steelman, Unclaimed Property Division, P.O. Box 1004, Jefferson City, MO 65102, with a list of owners' names, addresses, and previous addresses, if known. We will let you know if the names are associated with any unclaimed property in the custody of the state. To recover unclaimed property, claimants must be either the original owner of the property or a legal heir if the original owner is deceased.

http://www.treasurer.mo.gov/ucp.asp

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Also see other states for lost money:
Alabama unclaimed assets
California unclaimed property
Florida unclaimed assets
Missouri unclaimed property
Texas unclaimed property


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