Claiming Unclaimed Property

Wondering how to claim unclaimed property in Illinois when a checking account “escheats,” or reverts, to the state? Here’s a step-by-step guide for heirs.

1. Search for Unclaimed Property: Head over to the Illinois state Treasurer’s Unclaimed Property page and simply enter the name of the deceased account holder in the search field.
2. Verify Property: If unclaimed property is discovered, make sure that it belongs to the deceased account holder. The website provides essential details about the property, including the holder’s name, last known address, and reporting entity.
3. Submit the Claim: Click on the claim button and follow the online prompts to submit your claim. You’ll need to provide information about yourself (the claimant) and about the deceased account holder.
4. Submit Documentation: Prepare the necessary documentation to support your claim. This typically includes a certified copy of the account holder’s death certificate, copies of relevant legal documents like the will or other evidence of your right to inherit, and proof of your own identity.
5. Follow Up: The Illinois State Treasurer’s Office will review your claim and documents. They might contact you for additional information if needed. Once your claim is approved, they will issue a check for the amount of the unclaimed property.

Navigating unclaimed property claims can be a complex process, but understanding the steps involved can make it smoother for heirs and loved ones. If you have questions or need assistance, don’t hesitate to reach out to the Illinois State Treasurer’s Office.

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