Make Notes On Legal Connecticut Abandoned Property Forms For Free

Anyone can search the online database to see if the state owes you. Getting your money requires some work. The State Treasurer's Office says it typically takes about 90 days to process a claim once the proper documentation is received and some may take even longer due to their complexity.

How long do claims take? Claims are reviewed in the date order in which the state's office receives them. Processing time prior to receiving either your first communication or payment may be up to 12 weeks, dependent on the number of claims submitted to the office during the time frame your claim was received.

If you don't have internet access, you can call 1-800-833-7318, Monday through Friday between a.m. and 5 p.m., and speak to a customer service representative. ?We'll be sending postcards out to property owners later this year,? Russell said.

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.

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.