According to the State of Florida, unclaimed property is a financial asset that is unknown or lost, or has been left inactive, unclaimed or abandoned by its owner.
Unclaimed Property assets are held by business or government entities (holders) for a set period of time, usually five years. If the holder is unable to locate, re-establish contact with the owner and return the asset, it is reported and remitted to the Florida Department of Financial Services, Division of Unclaimed Property.
The Department makes these accounts available in a searchable, interactive database, available free of charge, 24 hours a day, and allows claimants to initiate a claims process (with instructions) for accounts they believe they are entitled to claim.
There is no statute of limitations on unclaimed property in Florida. Account owners, or their heirs, can claim their funds indefinitely, free of charge.
Have You Been Contacted by the State?
“I received a letter from the State of Florida, signed by Jimmy Patronis, Chief Financial Officer, informing me the state is holding money that belongs to me. Is this letter really from the State of Florida?”
Yes. The letter from Florida’s Chief Financial Officer is an official mailing from their office. Click here to see an example of what you should have received.
Click Here to search for unclaimed funds in Florida