Unclaimed money detroit michigan

Although the agencies responsible for managing unclaimed money try to make it easy to claim, most people are intimidated by the bureaucratic process involved.

The State of Michigan may also hold unclaimed property for profit and non-profit organizations such as financial institutions, retail stores, local governments, churches, communities, restaurants, clubs, and associations etc. The above listing is not exhaustive, but it covers the vast majority of what is can be claimed as unclaimed property in Michigan. By law, all businesses must check their records on an annual basis to determine if they are in possession of unclaimed funds.

If so, they are to file a report with the State Treasurer and turn over their holdings to the Michigan Unclaimed Property Fund. Any individual claiming an interest in any property or funds handed over to the state is entitled to file a claim on forms furnished by the State Treasurer.

There are several steps you must take to claim unclaimed property in Michigan. If you find your name and associated property you will be given the option to submit a Claim. The documentation additionally required is generally as follows:. Additionally you may be required to provide one or more of the following:. If you are inquiring about property not listed in your name you must provide documentation showing you have a legal right to claim the property in addition to the information above.

Proof of legal right to claim for another individual includes but is not limited to:. Please note that a power of attorney and related documents become void after death. Certified copies of wills can be obtained from the county courthouse where the will was filed. Office of the State Registrar N. Logan Street P. Box Lansing, MI When you receive your claim form in the mail and you are the owner of the property , you must follow the instructions within , and then mail them the required documents along with the original form.

Processing may take up to 12 weeks, and Stock claims may take longer to process. There may be money belonging to you or a family member that has not been turned over to the state. That money however does not have the same regulations governing it or protection that money held in trust by the state does. You may be contacted by an agency stating that they have found money in your name and for a percentage they can get it for you. In most states unclaimed property must be reported and handed over to the state within a three to five year period.

For some types of property however, that period can extend to up to fifteen years. Such funds remain in the hands of corporations until the reporting period is due, and as such you will need to search the corporation itself for your money. Usually unclaimed money held by corporations remains unclaimed due to mergers or name changes.

In the case of mergers, stocks may be split between the two companies, and shares are lost in the process. For this reason you must check the initial incorporation of the company and its history thereafter. Michigan, New York, Delaware and Illinois are popular states for the incorporation of companies as laws in those states are favourable, so check those states first. If you suspect you may have money due you because of the above scenarios, you can contact the appropriate agent.

Listed below are some of the major transfer agents for the United States and Canada with links to their websites. ChaseMellon Services Tel: First Union National Bank Tel: Registrar and Transfer Company Tel: StockTrans, Incorporated Tel: Stock Transfer Corporation Tel: Computershare Tel: There are also other state and nation-wide agencies and organizations that may hold unclaimed property for Michigan residents.

Most unclaimed funds arise when a trustee attempts to distribute dividends assets to a creditor s in a case and the money is returned to the court as being "unclaimed". The unclaimed fund s is deposited by the court into the U. The following link will allow a search of the court's unclaimed funds database. It is not necessary to complete all fields when completing a search.

Creditors who believe they are entitled to an unclaimed fund must file with the court an application and proposed order, including proof of identity. Skip to main content. Daniel S. Opperman, Chief Judge - Todd M. Stickle, Clerk of Court. Search form. Text Size: Decrease font size Reset font size Increase font size. Opperman Judge Joel D.