Why is this tricky? In many cases, the beneficiaries are also deceased, and thus their interest must be claimed by their representative(s). Where things can get a bit stickier is when the owner is long-since deceased. Claiming on behalf of a recently deceased individual requires some additional documentation ( probate letters of office or a small estate affidavit), but is also fairly straightforward. The steps for claiming your own property is easy. The webpage to search for Illinois unclaimed property is here: Illinois’ program - iCash (formerly called “Cash Dash”) - is run by the Treasurer’s Office. Once turned over, it is held by the State (theoretically forever) until properly claimed by the owner or the owner’s legal representative.įortunately, in today’s digital age, searching for unclaimed property that has been turned over to the State is relatively easy. This could be a utility refund check after a change of address or a dividend check after a change in marital status or property not claimed by family after death. What is unclaimed property? It’s property that has been turned over to the State after it has been abandoned and not claimed by the true owner. As an attorney who regularly advises and assists executors and trustees, one of the items that is always on my checklist is “unclaimed property.”
One of the primary tasks of an executor or successor trustee is to ascertain and marshal the decedent’s assets.
#Treasurer.il.gov icash series#
This is the second in a series of posts about new Illinois probate and estate laws taking effect in late 2016 or the beginning of 2017.
0 kommentar(er)
