Michigan Unclaimed Property: How to Find and Claim Your Lost Assets

Michigan residents may be surprised to learn they have unclaimed property waiting to be recovered. Millions of dollars in lost or forgotten assets are held by the state, including uncashed checks, dormant bank accounts, and unclaimed insurance benefits. This guide provides a comprehensive overview of Michigan’s unclaimed property program, explaining how to search for your assets and file a claim.

What is Unclaimed Property?

Unclaimed property refers to financial assets that have been abandoned by their owners. This can occur when individuals move without updating their address, forget about old accounts, or pass away without a will specifying the distribution of their assets. Businesses are legally required to turn over these unclaimed funds to the state after a certain period of inactivity, known as the dormancy period.

How to Search for Unclaimed Property in Michigan

The Michigan Department of Treasury offers a free online search tool to help residents locate their unclaimed property. Here’s how to use it:

1. Visit the Michigan Unclaimed Property Claim Search Page.
2. Enter your name and any previous names you may have used.
3. Search by city and state.
4. Review the search results carefully.

If you are unable to locate your name or have unclaimed Gift Cards, Gift Certificates, Bonds, or Money Orders, you can contact the office at (517) 636-5320 or submit form 3433.

Types of Property Considered Unclaimed

A wide variety of assets can be considered unclaimed property in Michigan, including:

• Savings and checking accounts
• Uncashed checks
• Certificates of deposit
• Safe deposit box contents
• Stocks, bonds, and mutual funds
• Insurance benefits (life, health, etc.)
• Utility deposits and refunds
• Wages
• Mineral proceeds
• Gift certificates

Filing a Claim

If you find property listed under your name, you can file a claim with the Michigan Department of Treasury. The claim process generally involves:

1. Gathering documentation to prove your ownership. This may include a copy of your driver’s license, Social Security card, and any documents related to the property (e.g., bank statements, insurance policies).
2. Completing the claim form.
3. Submitting the claim form and supporting documentation to the Department of Treasury.

Contact Information

Michigan Department of Treasury
Michigan Unclaimed Property
PO Box 30756
Lansing, MI 48909
Phone: (517) 636-5320
Fax: 517-763-0420
Website: https://unclaimedproperty.michigan.gov/

Key Takeaways

• Millions of dollars in unclaimed property are held by the state of Michigan.
• Searching for unclaimed property is free and easy through the Michigan Department of Treasury’s online database.
• Various types of assets can be considered unclaimed property.
• Filing a claim requires documentation to prove ownership.