Disclaimer: This article provides general information only. It is not legal advice.
Detailed Answer
When a relative dies, unclaimed property—such as bank accounts, insurance proceeds, or utility deposits—may hold funds or assets due to heirs. In Alaska, the Unclaimed Property Act (AS 34.35) governs how the state acquires and returns these assets.
1. Search the Alaska Unclaimed Property Database
Visit the Alaska Department of Commerce, Community, and Economic Development’s Unclaimed Property search page (https://www.commerce.alaska.gov/web/cbpl/UnclaimedProperty.aspx). Enter the deceased’s full name and any known aliases. If property appears, note its type and holder information.
2. Identify Required Documentation
To file a claim under AS 34.35.105 (Claim by owner), gather:
- Death certificate of the decedent
- Proof of heirship (e.g., will, family tree, birth certificate)
- Letters testamentary or letters of administration if the estate exceeded $25,000
- Valid photo ID for the claimant
3. Complete and Submit the Claim
Use the online claim form or print the PDF from the state’s website. Provide accurate details about the property and attach the supporting documents. Under AS 34.35.110 (Holder’s duty to report property), holders must cooperate in verifying claims.
4. Monitor Claim Status and Respond Promptly
After submission, the Unclaimed Property Division reviews your materials. They may request additional proof. Respond within the timeline provided to avoid delays or denial.
5. Receiving Your Property
Once the Division verifies your claim, Alaska issues payment or transfers title to you. Processing times vary, but most claims complete within 60–90 days.
Helpful Hints
- Search using exact and alternate spellings of names.
- Keep certified copies of all documents; originals may not be returned.
- If you don’t find property in Alaska, check other states’ unclaimed property databases.
- Maintain a clear chain of title for complex estates or high-value claims.
- Consider a small-estate affidavit under Alaska Probate Code (AS 13.16) for estates under $100,000 to simplify probate.
- Follow up if you haven’t heard back within 90 days.