How to prevent property form becoming unclaimed. Unclaimed property is all personal property that has remained unclaimed by the owner for a specified period of time. Unclaimed Property consists of money and other personal assets that are considered lost or abandoned when an owner cannot be located after a specified period time. No, real estate is not considered unclaimed property. Generally, most property is presumed abandoned if it has been inactive for five years.
Wages become unclaimed after one year.
All funds received by the Unclaimed Property Unit are deposited into the District's General Fund. Although the money belongs to the owners, who may claim it at any time, the funds may be used in the interim to help defray the District's operating costs. Fill out and mail the inquiry form and we will send you a claim form. You then must complete the claim form and include the documentation requested. Your claim will be processed in the order it was received.