Disclaimer: This information is for educational purposes and does not constitute legal advice.
Detailed Answer
Under North Dakota’s Unclaimed Property Act (NDCC 47-32), companies must report and remit to the State Treasurer any intangible property held without owner contact for the dormancy period (typically three years). Asset examples include forgotten bank accounts, uncashed payroll checks, insurance proceeds, stocks, and utility deposits (see NDCC 47-32-03).
Step 1: Identify Potential Unclaimed Assets
Review the deceased’s financial records, mail, and safe-deposit boxes. Look for old bank statements, stock certificates, insurance policies, uncashed checks, utility deposits, or refunds.
Step 2: Search the North Dakota Unclaimed Property Database
Visit the State Treasurer’s Unclaimed Property website (treasury.nd.gov/unclaimedproperty). Enter the deceased’s name to search holdings turned over to the state.
Step 3: Gather Required Documentation
Prepare certified copies of the death certificate, proof of relationship (e.g., birth or marriage certificate), valid ID for the claimant, and letters testamentary or letters of administration if the estate is probated.
Step 4: File a Claim with the State Treasurer
Download and complete the claim form from the Treasurer’s website. Submit the form and all supporting documents per instructions. Claims follow procedures in NDCC 47-32-11 and payments occur under NDCC 47-32-12.
Step 5: Monitor Your Claim and Follow Up
After submission, the Treasurer’s office will review the claim. You can check status online or by phone. Respond promptly to any requests for additional information to avoid delays.
Step 6: Check Probate and Other Jurisdictions
If property never reached the Treasurer’s office, search local probate court records or contact former banks, insurance companies, and brokerage firms. For out-of-state assets, use Unclaimed.org to locate holdings in other states.
Helpful Hints
- Keep original documents and send certified copies when possible.
- Double-check name variations, including maiden names and initials.
- Use certified mail or trackable shipping when submitting claims.
- Contact the North Dakota State Treasurer for assistance if you hit a roadblock.
- Consider consulting an estate attorney if property totals are substantial or claims are contested.