Page 9 - Desert Oracle December 2019

ADOR Seeking Unclaimed Property Owners Who Served in U.S. Military in Arizona | Arizona Department of Revenue
The agency is currently sending notices to the military member’s last
known Arizona base or most current address with the hope the
property owner or family member will contact ADOR Unclaimed
Property.

Unclaimed property generally consists of money due to an individual
from sources like old bank accounts, uncashed payroll checks, tax
refunds, credit balances, rebates, returned deposits and dormant
safe deposit boxes. Often property becomes unclaimed because the
company that holds the funds has an outdated or the wrong
forwarding address for its customer and in some cases, a person
passes away with no family members aware of the assets. Most
accounts are turned over to the state after several years of
inactivity.

ADOR returns the property to owners who provide documentation
showing their right to claim the assets. Claimants must include with
their claim form a valid photo ID, such as a driver’s license or other
applicable identification, and documentation linking them to the
owner’s last known address. Claimants must also provide
documentation demonstrating a legal right to claim any property
listed in another name.

Every year, the ADOR Unclaimed Property program returns millions
of dollars to claimants, including $48.4 million in 2018-2019 and
ranging from $1 to $586,000. In the past three fiscal years, about
$170 million has been returned to individuals and businesses.

For more information on the Unclaimed Property program, including
Arizona
how to make claim and frequently asked questions can go
Department of Revenue
to www.azdor.gov and click on the Unclaimed Property tab.

Tuesday, November 12, 2019
CONTACT US ARIZONA DEPARTMENT OF REVENUE

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https://azdor.gov/news-events-notices/news/ador-seeking-unclaimed-property-owners-who-served-us-military-arizona[11/18/2019 10:02:01 AM]