An inheritance that remains unclaimed will pass on the next person in the line of intestate succession. If the nonclaiming individual was the last in the intestate line, the property will escheat, or revert to the state.
Do I have any inheritance money somewhere?
The best place to begin your search is the website of the National Association of Unclaimed Property Administrators (NAUPA). This free website contains information about unclaimed property held by each state. You can search every state where your loved one lived or worked to see if anything shows up.
When does an inheritance become subject to Division?
Whether an inheritance you received during marriage will be subject to division depends on several factors, including the state in which you live, your treatment of the inherited property, and whether an inheritance was left to one or both spouses.
How is an inheritance received during marriage subject to?
Example 2: Wife receives a $100,000 inheritance from her mother. Wife deposits the funds into a bank account under her name alone. Husband does not access or draw funds from the account.
When does commingling of an inheritance take place?
Commingling will occur, for example, if you deposit inheritance funds into a joint marital account or if you use inheritance funds to purchase joint marital property. Marital property is property you and your spouse earn or acquire during the marriage, unless both spouses agree otherwise.
Where can I find list of unclaimed inheritances?
It’s easy for individuals to search for unclaimed inheritance money, thanks to online databases. The best place to begin your search is the website of the National Association of Unclaimed Property Administrators (NAUPA). This free website contains information about unclaimed property held by each state.