Unclaimed Property Basics

Jun 09 2015

What is unclaimed property?

Unclaimed Property means:

safe deposit box contents or a

fixed and certain interest  in intangible personal property

that is held, issued or owed in the course of a holder's business

where there has been no contact with the owner for a certain period of time.

Basically, any amounts of money owed or held for another person, where the holder has lost contact with the owner, may become unclaimed property. This may be a paycheck, stock, bank account, utility deposit, cashiers check or other items.

Who has unclaimed property?

Every state has an unclaimed property law.

Forty-three states, including West Virginia, have laws based upon one of the three versions of the model Uniform Unclaimed Property Act.

How can I find out if I have unclaimed property?

For property held by the West Virginia State Treasurer’s office, check at www.wvtreasury.com, or call (800) 642-8687.

If you have lived in another state and want to see if that state is holding property for you, most states participate in a national database called www.missingmoney.com . You can search that the website for your name and begin the claims process.

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The Treasury does not collect state taxes. Visit the The West Virginia State Tax Department for assistance.

West Virginia State Treasurer's Office
1900 Kanawha Boulevard
Capitol Complex Building #1, Room E-145
Charleston, West Virginia 25305
304-558-5000 Toll Free: 800-422-7498
Hours: 8:30am-4:30pm (ET)

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