Autofill Legal Connecticut Abandoned Property Forms For Free

Utility deposits and refunds, wages and government obligations have a one-year dormancy period. Securities, retail related properties, tax-deferred compensation and retirement account properties have a three-year dormancy period. Accounts payable and most other general obligations have a five-year dormancy period.

The person or entity that possesses the property (i.e., the ?holder?) must attempt to notify the rightful owner before presuming it abandoned. If these efforts fail, the holder must turn the abandoned property over to the state treasurer, who is responsible for any ownership or other types of claims to the property.

The primary objective of the unclaimed property program is to reunite rightful owners or heirs with their unclaimed property, which is remitted to the Office of the Treasurer by business entities after the business loses contact with a customer for a period of three to five years.

Ing to the treasurer's office: ?All claims require photo identification; an official document displaying claimant's social security number; a signed and notarized claim form; and, all other documentation listed on the claim...?

Connecticut Dormancy Periods Generally, most property types have a three-year dormancy period. Accounts are considered dormant if the owner of a property has not indicated any interest in the property or if no contact has been made for the allotted dormancy period for that property.

Holders have one year to send the notice before other property is presumed abandoned. With one exception, the holder of property must, within 90 days after the end of the calendar year in which property is presumed abandoned, deliver it to the treasurer and prepare an unclaimed property report.