The Ohio Division of Unclaimed Funds (ODUF) operates for the purpose of returning funds that are owed to a person, whether dead or alive. The funds could possibly be from a closed bank account, a rent or utility deposit, an uncashed check, an undelivered stock certificate, or an uncashed insurance policy. According to the ODUF, if there is no activity in the account for a period of time, and the company cannot reach the account owner, the funds are reported to the ODUF for safekeeping until the rightful owner claims the money.
Contacting the ODUF is a process that our probate department recommends on behalf of every decedent’s case we handle. We want to ensure that the decedent didn’t have any unclaimed funds that should be included in the inventory that is often completed for the estate administration.
If you would like to check to see if you or your deceased loved one has money deposited with the ODUF, go to its website.
Does your deceased relative have unclaimed funds available to you?
November 10, 2021
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