Is it difficult to claim insurance money held as unclaimed by the state treasury?
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Is it difficult to claim insurance money held as unclaimed by the state treasury?
My mom and stepfather named me as their beneficiary on their insurance policies and their wills. My brother was my mom’s executor, a guardian conservator took over my stepfather’s estate. I was told there was nothing left to me. I found their names on unclaimed property in the state of Michigan. Insurance policies. How difficult is it to get this money? I am homeless and it could really help me.
Asked on December 27, 2016 under Estate Planning, Michigan
Answers:
S.L,. Member, California Bar / FreeAdvice Contributing Attorney
Answered 7 years ago | Contributor
It is easy to obtain the unclaimed property. You go on your state's website and click on the unclaimed property section. It should give you instructions on which forms you need to complete to obtain the unclaimed property. You can download the forms or you can call the telephone number listed and have the forms sent to you. You complete the forms which may need to be notarized, and mail them to the address provided in order to receive a check for the funds.
If you receive mail from companies offering to do this for you in exchange for charging a fee which is a percentage of the total funds, ignore those letters because you can do this yourself very easily.
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