Let's See What is Unclaimed Money In Louisiana [Pro Tip]

What is Unclaimed Money in Louisiana?

Amounts that have been abandoned by their owner and have been dormant for a while or for which there has been no communication between the holder and the owner are considered unclaimed according to Louisiana law. The Louisiana Revised Statutes, Section 9:151, outlines the rules that control unclaimed money in Louisiana.

According to these laws, any money deemed unclaimed must be given to the Louisiana state treasurer. The treasurer must then keep the funds safe until their proper owner claims them.

Unclaimed funds of all kinds, including unclaimed life insurance payouts and unclaimed utility refunds, may be given to the state treasurer.

In Louisiana, the escheatment process starts when the owner has been inactive for three to five years. The state treasurer will try to track down the owner of the unclaimed money and inform them that they have money waiting for them after this time. The property remains in the state treasurer's custody if the attempts are unsuccessful.

How to Find Unclaimed Money in Louisiana

Through the website of the Louisiana Department of Treasury, interested members of the public can look for their unclaimed funds. Visitors can enter their personal information into a searchable database on the internet to discover whether they have any unclaimed money lying around.

People who think they may be in possession of the unclaimed property in Louisiana can submit a claim form online at the Louisiana Department of Treasury. The requestor will get a cheque in the mail for the amount owed to them after the claim form is processed.

The claimant may contact the Louisiana State Treasurer's office: for requests made in person, via letter, or by email.

State Capitol of Louisiana

Third Floor, 900 North Third Street

New Orleans, LA 70802

Box 44154 in Baton Rouge

(225) 342-0010 is the Treasury main line.

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How Can I Get Free Access to Louisiana Unclaimed Money?

You can view Find Your Unclaimed Property, Louisiana's official unclaimed money database, without charge. To have unclaimed money handed back to them, claimants just need to give the information necessary to make it easier to look for the property in question and the supporting documentation proving their ownership of it.

Residents of Louisiana may also obtain unclaimed funds through government organizations and databases, such as:

The Treasure Search

Administrators of Unclaimed Property National Association

Union of Unclaimed Shares Credit

How to File a Claim for Louisiana Unclaimed Money

The following methods can be used to initiate a claim after discovering unclaimed property utilizing the Find Your Unclaimed Money database:

Analyze the alleged property:

Users must confirm their pick of the unclaimed property or properties after making their choice, and they must then describe their "Relationship to Owner" for each property they claim. An owner is an option for claimants who are the real owners of the property. However, depending on the circumstances, others need to specify whether they are a direct successor, representative, or relative.

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Enter your name and address here:

Users will next be needed to submit their personal data along with a valid mailing address. The onscreen prompt will next need them to confirm the address.

Send the Claim in:

Claimants can submit the claim after confirming the accuracy and comprehensiveness of the information given. The claimant will receive an automatically generated claim I.D. that may be used to monitor the claim's progress.

The following paperwork is normally needed to process a claim.

Claim form with signatures and notarization

a picture I.D.I.D. issued by the government

evidence of a mailing address

A link to the property being claimed must be proven.

The paperwork should be sent to:

P.O.P.O. Box 91010

New Orleans,

LA 70821-9010

How Long Does It Take to Get Unclaimed Money in Louisiana?

Depending on the kind of unclaimed property involved, different amounts of time are required in Louisiana to obtain unclaimed money. For instance, getting the money can take a few weeks if the unclaimed property is a utility provider refund. Receiving the funds could take longer if the unclaimed property is a bank account that has been inactive for a specific time.

The exact procedure that the owner of the unclaimed property has in place for dealing with such claims may also have an impact. To learn how long it will take to get the money, it is crucial to get in touch with the owner of the unclaimed property.

However, claimants should typically anticipate receiving their unclaimed money a few months after they submit their claim.

Who in Louisiana Has the Right to Unclaimed Money from Deceased Relatives?

The following people are normally entitled to claim unclaimed money from departed relatives in the state of Louisiana:

The dead person's surviving spouse

The deceased's adult child or children.

The deceased's parents

family members of the deceased

These people will need to present evidence of their relationship to the deceased and any other necessary papers to claim the money. The exact requirements will change depending on the amount of money being claimed and the precise circumstances surrounding the death.

What Happens to Louisiana Unclaimed Money if No One Claims It?

The Louisiana office for unclaimed property receives unclaimed funds that have not been claimed. The funds are then kept in a trust account until the proper owner claims them. If the funds are not appropriated, the custodian will hold them indefinitely.

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