Florida Unclaimed Property: Discover Amazing Lost Treasures Now!
Have you ever misplaced a twenty dollar bill or wondered what happened to an old gift card? Now imagine misplacing assets worth billions of dollars. According to the Florida Department of Financial Services, over $2 billion in financial assets sit unclaimed in the state. Known as Florida unclaimed property, these forgotten funds and valuables legally belong to Florida residents, rightful heirs, and visitor transplants.
Chances are you have unclaimed funds, security deposits, uncashed rebates, forgotten inheritance funds or abandoned safe deposit box contents waiting specifically for you among the billions in Florida unclaimed property assets.
Read on to discover what constitutes unclaimed property in Florida, why so much goes unclaimed yearly, and most critically, how to search state records for lucrative forgotten funds or physical treasures owed to you by law before another claimant beats you to the riches. With dedicated searches under multiple name variations and former addresses, you can uncover amazing lost treasures in just minutes.
What is unclaimed property?
In legal terms, unclaimed property refers to financial assets that have gone unclaimed by their rightful owner for one year in the state of Florida. These overlooked funds or valuables can stack up rapidly for a variety of reasons.. They can be left behind for a variety of reasons. You may have moved and forgotten to update your address, or you had an account or policy that you forgot about. In some cases, it can result from the owner’s death, with the assets being left behind and unclaimed by the surviving heirs.
So while finding lost money or assets among billions in unclaimed property may sound almost unbelievable, Florida really does maintain custody of billions in dollars and valuables owed to citizens.
After one year of inactivity, some of those assets may get transferred to state custody as “unclaimed property”.
Common examples include:
- Bank accounts or uncashed checks
- Refunds, rebates, deposits, credit balances
- Stocks, mutual funds, dividends, uncashed dividends
- Expired gift cards/store credits
- Utility security deposits
- Inheritances, insurance payouts, trust disbursements
- Royalty payments
- Physical safe deposit box contents
Businesses and financial institutions make reasonable efforts to locate missing account owners. But if assets go unclaimed after the dormancy period set by Florida law, companies must turn this property over to the state’s Division of Unclaimed Property. The state then holds onto these forgotten funds, physical items, or intangible investment holdings until claimed by owners or heirs.
Why so much unclaimed property in Florida
Owing to its popularity among tourists and retirees looking to soak up sun in the southeast state, Florida receives over 32 million visitors per year. With a transient population constantly coming and going, unclaimed property gets left behind on a regular basis.
Between vacationers closing bank accounts and investment accounts after moving back home, forgetting security deposits and uncashed checks from Florida businesses, and orphaned safe deposit boxes abandoned by forgetful tourists, visitor turnover contributes endless streams of unclaimed assets.
Additionally, Florida maintains one of the largest retirement-age populations in the U.S. When elderly residents pass away without organizers’ heirs coming forward to claim inheritance funds or valuables left behind, billions in unclaimed money gets transferred to state custody annually.
Exacerbating matters further, Florida residents themselves contribute endless unclaimed property turnovers. After moving to new cities and homes within Florida without closing or transferring old bank accounts, utility deposits, insurance policies and investments, locals leave behind billions as well.
With all these transient groups forgetting to tie up financial loose ends or appoint heirs to inherit assets after passing, Florida Division of Unclaimed Property takes custody of staggering amounts of unclaimed assets yearly. Thankfully, the state provides a free searchable database so you can look for forgotten funds and valuables before they disappear back into the coffers.
How do you check if you have unclaimed money in Florida?
Wondering if any overlooked funds or valuables currently sit in custody of Florida Unclaimed Property’s division with your name on them? Finding out takes just minutes searching state databases.
Follow this quick 3-step process:
Step 1: Visit FLTreasureHunt.gov
This official Florida government website provides a free online search tool to check for unclaimed property held under your name. Feel like an old-fashioned treasure hunter as you scour state records for forgotten riches owed to you!
Step 2: Enter identifying details
Search the Florida unclaimed property records using your current full legal name, any former legal names (like maiden names or married names), all past Florida addresses you’ve lived at, or previous cities/counties of residency.
For good measure, conduct additional searches under name variations like nicknames or shortened name versions. Check under any trusts or businesses you manage as well in case funds got misdirected there.
For extra hunts for hidden valuables, search under relatives’ names too. Parents, grandparents and children sometimes overlook assets which heirs can claim instead.
Step 3: Claim your property!
If your identity gets matched to unclaimed property held by Florida, claim instructions will appear. Typically, you will need to create a free account on the website to submit a claim providing details validating your identity and rights to the funds or assets.
Documentation required usually involves proof of name, former addresses, Social Security numbers and possibly copies of old financial or insurance documents.
Once the state processes your paperwork and verifies your ownership, the forgotten funds get released to you! Assets will either transfer directly into your bank account or deliverables like physical contents arrive by mail.
Get ready to call long lost funds and valuables back home into your pocketbook before time runs out! With billions in unclaimed property floating around Florida, hidden riches await uncovering today.
Tips for checking Florida unclaimed property
Implement these helpful tips when searching out forgotten funds or valuables through Florida unclaimed property program:
- Check often: New assets enter the system daily, so check back regularly!
- Use all name variations: Try current legal name, maiden name, former married names, and deceased relatives.
- Verify old addresses: Search old Florida addresses you’ve lived at over the years.
- Perform business searches: Check under business names if you’ve owned Florida-based companies.
- Get the whole family involved: Conduct searches for parents, grandparents, children, and extended family.
By using the search tool and looking thoroughly under different identifying details, you increase your chances of finding unclaimed property such as lost or forgotten money, stock holdings, physical valuables, or other assets owed to you!
Stay diligent in your hunting and explore all name and address variations across Florida unclaimed property records. Hidden treasures are waiting to be discovered today!
Common questions about Florida unclaimed property
How can property be claimed after someone dies? Once the required estate administration paperwork is filed, inheritance disbursements that remain unclaimed transform into “heir finder” cases, awaiting for a claimant to file a claim. Heir finders research family trees, locate rightful heirs, and assist them with claiming inherited Florida unclaimed property.
What types of physical items show up in safe deposit boxes? Abandoned safe deposit box contents cover a wide variety including jewelry, coins, stamps, rare collectibles, stock certificates, personal records, and more. Box inventories get turned over to unclaimed property Florida after 3 years of inactivity.
Are there scams relating to Florida unclaimed property? Yes, be wary of any company promising to locate unclaimed money and asking for payment upfront or taking a fee from located cash. It isn’t necessary to pay anyone to search state databases for you when claiming your unclaimed property. Report scams to Florida Department of Financial Services if you spot any. Legitimate heir finder services like National Association of Unclaimed Property work on commission after completed claims.
Can Florida unclaimed property be claimed anonymously? No, to claim property held by Florida you must verify identity by submitting a claim form with your name, contact details, former addresses, and provide documentation like a copy of your photo ID, Social Security card, or business documents. Assets get appropriately distributed to verified owners.
Does unclaimed money in Florida expire? No. As long as proof of ownership gets furnished, Florida places no limit on how long unclaimed property stays on record, though specific banking time limitations exist. File your claim with Florida Department of Financial Services whenever you discover forgotten funds owed to you.
Unearth your hidden riches today!
With over $2 billion in forgotten funds, rebates, valuables and more currently held by the state, chances seem high that some of Florida unclaimed property belongs to you. Don’t leave money on the table by letting assets revert back to state control unclaimed.
Visit FLTreasureHunt.gov and delve into unclaimed property records today under multiple name and address variations. Locating overlooked inheritance funds, abandoned safe deposit boxes contents, uncashed checks, and dormant accounts takes just minutes. Yet claims can lead to life-changing discovered assets.
Florida unclaimed property divisions stand ready to return billions in assets to rightful owners. Claim forgotten riches as your own now before the treasure trail goes cold. Happy hunting for concealed treasures!
