Learn More What is Unclaimed Money in Louisiana [Top Hacks]

What is Unclaimed Money in Louisiana?

As per Louisiana law, Unclaimed money refers to cash that is left by the Owner, which is then inactive for a specified time or during which the Owner and the holder are not communicated. The laws that regulate unclaimed money in Louisiana are detailed within the Louisiana Revised Statutes, Section 9:151.

The law states that money that is deemed unclaimed is to be handed over to the hands of the Louisiana treasurer of the state. The treasurer is then accountable for securing the money until it is taken back by the proper Owner.

The kinds of unclaimed funds that can be transferred to the treasurer of the state include not cashed paychecks, undeliverable utility refunds, and not claimed life insurance payouts.

In Louisiana, the escheatment process starts with three and five years of inactivity on the Owner's part. After that time, the treasurer of the state will try to find the person who has the money unclaimed and inform the Owner that funds are waiting to be claimed. If unsuccessful, the property is left in the custody of the treasurer of the state.

How to Find Unclaimed Money in Louisiana

Interested people can look up their unclaimed funds on Louisiana's Department of Treasury website. The site has a searchable database that allows visitors can input their data to find out if they've any money that is unclaimed and waiting to be found.

People who think they are the owners of property that have not been claimed in Louisiana may submit an application form for the claim through the Louisiana Department of Treasury's website. After the claim form has been accepted, the claimant will receive a check to pay the funds due to them through the mail.

For mail, in-person, or email inquiries, The claimant can reach the Louisiana office of the state treasurer at:

Louisiana State Capitol Building900 North Third Street, Third Floor

Baton Rouge, LA 70802

P.O. Box 44154 Baton Rouge

Treasury Main Line: (225) 342-0010

How Do I Find Louisiana Unclaimed Money for Free?

The official database for Louisiana's unclaimed money database - Search for Your Hidden Property It can be accessed at no cost. Claimants need only give the necessary information to conduct the search for property and the documents supporting they own the funds or property to be able to get the money handed over to them.

Louisiana state residents also can access money that is not claimed through federal agencies and databases, including:

• The Treasury Hunt
• The National Association of Unclaimed Money Property Administrators
• Credit Union of Unclaimed Shares

Also See: Unclaimed Money Arkansas

After finding a property that is unclaimed when using The Search Your Forgotten Money database, individuals who are eligible and interested can start a claim by following the steps:

Review the Claimed Property:

After choosing the property that is not claimed or properties, claimants must confirm their choice and define how they will be able to prove their relationship to the Owner for each property being claimed. The claimant, who is the real Owner of the property, can choose 'owner.' According to the specific circumstances, others must indicate whether they are a direct family member, heir, or representative.

Enter Personal Information and Address:

Users will then be required to submit their details along with a verified mailing address. After the prompt is displayed on the screen, they will then have to confirm the address.

Submit the Claim:

After checking the information supplied to ensure accuracy and completeness, claimants are able to submit their claims. An ID for the claim is automatically generated and given to the applicant to be used to track how the claim is progressing.

Documents like the ones below are generally needed for a claim to be processed.

• The form that is signed, notarized, and signed form
• Photo identification issued by the government
• Documentation of address for mailing
• Evidence of connection to the property that is being claimed

The documents should be sent to:

P.O. Box 91010

Baton Rouge,

LA 70821-9010

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

The time needed to collect the money unclaimed in Louisiana is contingent upon the type of property involved. For instance, if the property is unclaimed as an unclaimed refund from a utility provider, it could take several weeks before receiving the funds. If the property is located in a bank account that has been idle for a specific amount of time, then it might take longer to receive the funds.

It could also be affected by the property owner's particular procedure for handling these claims. This is why it is crucial to reach out to the property owner unclaimed to determine the time it will take for them to receive the funds.

In general, the claimants can expect to receive their money unclaimed within a couple of months from the date they submit their claim.

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Who Can Claim Unclaimed Money From Deceased Relatives in Louisiana?

In the state of Louisiana, The following people are usually able to collect unclaimed cash from their deceased relatives:

• The spouse who is the surviving partner of the decedent
• Children of dead parents or adult children.
• They are the parents of those who died.
• The children of the deceased

To claim the funds, the individuals must provide evidence of their relationship with the deceased and any other documentation required. The exact requirements will differ depending on the amount of money sought and the specific circumstances surrounding the death.

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

Unclaimed funds in Louisiana are transferred to the unclaimed property department of Louisiana. The money is held in a trust account until claimed by its rightful Owner. If the funds are not declared, it is kept by the custodian forever.

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