Unclaimed Funds

Ohio Unclaimed Funds Attorney Margaret T. Karl

Ohio Unclaimed Funds

Do you have questions about the Ohio Unclaimed Funds process? 

Sometimes the family of the deceased may not be aware of certain assets, or life insurance policies left for their benefit if estate paperwork has not been kept up to date. This can be more complicated if the person who died lived in more than one place during their life, or if an insurance company goes out of business after a life insurance policy is bought in its name.

Insurance providers are required to periodically review their insured client list to see if any of them are still alive or have passed away. If an insurance company finds out that a client has died and can’t find the policy’s named living beneficiaries, the policy’s proceeds are given to the state and kept in a separate fund in case the beneficiaries or their heirs want to make a claim in the future.

The process of administering an estate may include searching for unclaimed money. While it is possible to request that the state search for potential unclaimed assets, getting there may be difficult and time-consuming. Additionally, finding unclaimed funds can be expensive and time-consuming. Having an experienced lawyer on your side may help.

What Can Be Considered an Unclaimed Fund in Ohio?

  • Bank Accounts
  • Uncashed Insurance Policies
  • Uncashed Checks
  • Rent or Utility Deposits
  • Undelivered Stock Certificates

Attorney Margaret T. Karl’s legal services include working with northeastern Ohio families and estate administrators to locate unclaimed funds and assets. She has been doing this for 20 years, so she knows how hard it can be to understand Ohio’s unclaimed fund laws and to work with the Ohio Department of Commerce’s Division of Unclaimed Funds to complete the right claim forms.

Call today to schedule your consultation with Margie and her team.  They work tirelessly to reunite unclaimed assets with their rightful owners.

Forms Required By the Ohio Division Of Unclaimed Funds