Detailed Answer to Locating and Claiming Unclaimed Property in Virginia
Step 1: Search the Virginia Unclaimed Property Database
Heirs should begin by visiting the Virginia Department of the Treasury’s Unclaimed Property website at trs.virginia.gov/unclaimed-property. Enter the deceased’s full name, last known address, and any known aliases. The database includes bank accounts, safe deposit box contents, uncashed checks, insurance proceeds, and more.
Step 2: Expand Your Search to Other States and Federal Sources
If the relative lived or held assets in other states, search the MissingMoney.com portal. Also check federal sources such as the U.S. Treasury’s TreasuryDirect unclaimed property listings and the IRS for unclaimed tax refunds.
Step 3: Gather Required Documentation
Virginia Code §55.1-606 outlines the claim requirements. You typically need:
- Certified death certificate(s).
- Proof of heirship (e.g., probate letter, will, trust document, or small‐estate affidavit).
- Government-issued ID of the claimant.
- Completed Unclaimed Property Claim Form available at the Virginia Treasury site.
Step 4: Submit the Claim under Virginia Code §55.1-606
Complete the claim form online or print and mail it with all supporting documents to the Virginia Department of the Treasury. Under Virginia Code §55.1-606 (VAC §55.1-606), the Treasury reviews your submission and may request additional information. Typical processing times range from 30 to 60 days.
Step 5: Monitor Your Claim and Stay in Touch
Use the Treasury’s claim status portal to monitor progress. If the Treasury requests more evidence, respond promptly to avoid delays. Once approved, funds will be issued via check or electronic transfer.
Disclaimer
This article is for informational purposes only and does not constitute legal advice. Consult a qualified attorney to address your specific situation.
Helpful Hints
- Spell names exactly as they appear in official records to avoid missed matches.
- Check all known aliases, maiden names, and business names.
- Keep digital and printed copies of every document submitted.
- Verify that the mailing address on your claim form is current.
- Consider hiring a probate attorney if the estate is complex or contested.