What Is Unclaimed Property?
Unclaimed property includes bank accounts, uncashed checks, life insurance proceeds and safe-deposit box contents that remain inactive after a dormancy period set by Arkansas law. The Arkansas Treasurer holds these assets under Ark. Code Ann. § 18-28-201 and related sections of Title 18, Chapter 28.
How to Locate Unclaimed Property
- Search the Arkansas Database – Go to the Arkansas Unclaimed Property Search. Enter the deceased’s full name, trying variations and suffixes.
- Use National Resources – Visit MissingMoney.com, the official site of the National Association of Unclaimed Property Administrators.
- Contact Financial Institutions – If you know where the relative banked or held investments, call those institutions. Ask if accounts ever escheated to the state.
How to Claim Ownership of Unclaimed Property
- Gather Documentation
- Certified death certificate
- Proof of heir relationship (birth or marriage certificate)
- Letters testamentary or letters of administration from probate court
- Current photo ID for each claimant
- Complete a Claim Form
- Download the Arkansas claim form from the Treasurer’s website.
- Fill in all sections and attach required documents.
- Submit online or mail per instructions on the form.
- Wait for Verification – The Treasurer’s office reviews your claim and documents. They may request additional information.
- Receive Assets – After approval, the Treasurer issues payment or transfers property to you.
Time Limit and Statute of Limitations
Arkansas does not impose a statute of limitations on heir claims once property becomes unclaimed. Heirs may file at any time, but acting sooner ensures records remain available and reduces delays.
Disclaimer
This article is for informational purposes only and does not constitute legal advice. Consult a qualified attorney for advice tailored to your situation.
Helpful Hints
- Keep copies of every form and document you submit to the Treasurer’s office.
- Search under both the individual’s name and any known business or estate names.
- If no will exists, ensure you hold court-appointed status as an heir or administrator before filing.
- Contact the probate court clerk in the county where the decedent lived for guidance on letters of administration.
- Review bank and insurance statements periodically to prevent accounts from going unclaimed.