INFORMATION ON UNCLAIMED PROPERTY
Unclaimed property is any financial asset that has been unclaimed by the rightful owner. There are numerous reasons as to when monies are turned over to the state:
- Bank accounts that have been inactive for 3 years
- Unclaimed money orders, certificates of deposits, payroll wages, etc.
This property is turned over to the state of the last known address of the owner. A certain amount of time must pass before the funds are considered to be abandoned and then are turned over to the New Jersey Department of Treasury. You can contact the state of New Jersey Department of Treasury by phone, written letter, or website to determine if there are any funds being held in your name.
If unclaimed property is being held and the owner is deceased, an Executor/ Administration Certificate or Affidavit of Next of Kin will be needed from the Surrogate’s office. When the certificate or affidavit has been obtained, it will then be given to the New Jersey Department of Treasury to authorize them to release the funds.
State of New Jersey
Department of Treasury
NJ Unclaimed Property
Department of the Treasury
P.O. Box 214
Trenton, NJ 08695-0214