Disclaimer: This article is for informational purposes only and does not constitute legal advice.
Detailed Answer
When a relative passes away, they may have unclaimed assets held by banks, insurers or state agencies. In Louisiana, the State Treasury’s Unclaimed Property Division safeguards these assets under La. Rev. Stat. § 447 et seq. (https://legis.la.gov/Legis/LawSearch.aspx?d=74155). Heirs can recover funds by following these steps.
1. Search Louisiana’s Unclaimed Property Database
Visit the Louisiana Treasurer’s Unclaimed Property website (https://www.treasury.state.la.us/UnclaimedProperty) and enter the decedent’s name and last known address. The database covers bank accounts, safe-deposit contents, uncashed checks and more.
2. Identify Other Potential Holders
Also search the National Association of Unclaimed Property Administrators (NAUPA) website at https://www.unclaimed.org. Companies and municipalities may hold property not yet reported to the state.
3. Gather Required Documents
Commonly required documents include:
- Certified death certificate
- Proof of heirship (e.g., will, succession order under La. Civ. Code arts. 3275–3330)
- Heir’s photo ID
- Social Security numbers
4. Complete and Submit a Claim Form
Download the claim packet from the Louisiana Treasurer’s website. Fill out the form, attach notarized copies of required documents and mail to the Unclaimed Property Division at the address on the form. You may also submit claims online.
5. Await Review and Payment
The state reviews claims for authenticity. If approved, payment is issued by check or direct deposit. Processing generally takes 90–120 days.
Helpful Hints
- Keep originals of all documents; send certified copies only.
- Track your claim number and follow up if you don’t hear back within 120 days.
- If multiple heirs exist, consider a succession judgment under La. Civ. Code art. 3468.
- Use a secure mail service when sending original or certified documents.
- Consult a Louisiana probate attorney if you face disputes among heirs.