Indiana is once again making more attempts to contact people that have unclaimed property. The state does want to give this money back to the rightful owner.
For various reasons money does get turned over to the state. The laws on unclaimed property vary from state to state as to what is to be turned over to the state and the time limits to turn in unclaimed assets.
In Indiana financial institutions and other holders are required to turn over assets of accounts that have had five or seven (depending on the type of account) years of inactivity. After 25 years, unclaimed funds become subject to the general fund.
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Indiana is once again making more attempts to contact people that have unclaimed property. The state does want to give this money back to the rightful owner.<\/p>\n\n\t
<\/p>
For various reasons money does get turned over to the state. The laws on unclaimed property vary from state to state as to what is to be turned over to the state and the time limits to turn in unclaimed assets.<\/p>\n\n\t
<\/p>
In Indiana financial institutions and other holders are required to turn over assets of accounts that have had five or seven (depending on the type of account) years of inactivity. After 25 years, unclaimed funds become subject to the general fund.<\/p>\n\n