Disclaimer: This article is for informational purposes only and does not constitute legal advice.
Detailed Answer
1. Understanding Missouri’s Unclaimed Property Law
Missouri’s Uniform Disposition of Unclaimed Property Act (Chapter 447, RSMo) requires businesses and financial institutions to report and deliver unclaimed property to the State Treasurer after a specified period of dormancy. Typical unclaimed property includes bank accounts, safe deposit contents, uncashed checks, insurance proceeds, and security deposits.
Key statutes:
- Definition of unclaimed property and dormancy periods: RSMo § 447.530
- Procedures for reporting and remitting property: RSMo § 447.540
2. Locating Unclaimed Property
- Visit the Missouri State Treasurer’s Unclaimed Property website: revenue.mo.gov/unclaimed-property.
- Use the free search tool by entering the relative’s name, city, or business name.
- Review search results carefully. Multiple listings may apply to the same individual. Note report years and property types.
3. Gathering Required Documents
To file a claim, heirs generally must provide:
- Proof of death (death certificate).
- Proof of heirship or entitlement (e.g., will, letters testamentary, small estate affidavit under RSMo § 473.220).
- Valid photo ID for the claimant.
- Completed claim form from the Treasurer’s website.
4. Submitting the Claim
- Download and complete the appropriate claim form at revenue.mo.gov/unclaimed-property/how-claim-property.
- Attach all supporting documents and notarize if required.
- Mail or upload the package per the Treasurer’s instructions.
5. Processing Time and Distribution
The State Treasurer’s office aims to process valid claims within 60–90 days of receipt. Once approved, funds are issued by check or direct deposit. There is no fee for filing a claim.
6. When to Consult an Attorney
If multiple heirs dispute entitlement, or if estate administration complications arise, consult an attorney experienced in probate and estate administration in Missouri.
Helpful Hints
- Search under variations of the deceased’s name (nicknames, initials).
- Check both maiden and married names for female relatives.
- Review annual Treasurer reports if initial search yields no results.
- Keep copies of everything you submit for your records.
- Contact the Missouri State Treasurer’s office at (573) 751-2576 for questions about forms or status.