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Unclaimed Inheritance Funds

Lost or Unclaimed Inheritance Funds

A family death is unfortunate. However, it is a fact of life.

This is probably one of the most common ways of having unclaimed property and assets and not even know it. In fact, so common most states even have a division specifically for lost heirs. Some reasons inheritances become unclaimed are because they never knew the relative in the first place or simply lost contact with them. In many cases they might not even know when the distant relative dies. Further more, nobody really likes to ask what they are entitled to.

If you are a deceased person’s spouse, child, grandchild, great-grandchild, (whether natural or legally adopted), parent, brother or sister, niece or nephew of whatever degree, grandparent, or descendant of a mutual grandparent of the deceased person, you may be considered a heir under state law, and you may be entitled to a portion of the estate if the person died without leaving a valid will (intestate).

Further, if the deceased person died leaving a valid will (testate) and named you as a beneficiary in the will, regardless of your relationship to the deceased, you may be entitled to a portion of the estate or a designated item from it, depending on the provisions of the will.

In either of these cases, the estate would not normally be administered by the state. It is your responsibility, as the heir or beneficiary under the will, to take the necessary actions and claim what is rightfully yours.