Do You Have Michigan Unclaimed Property? Check it Now! in Detroit, Michigan For Sale

Michigan is the 26th state of the United States and it is found in the Great Lake region. The state can be considered to have a big number of residents as it had been categorized as the 8th most populous among the fifty US states. With the enormous population, you are made to believe that every Michigander (how a resident of Michigan is called) may have a Michigan unclaimed property. The problem is that these residents may not be aware about their Michigan unclaimed property.
Michigan Department of Treasury is already problematic about the build-up of Michigan unclaimed property. Every year, banks turn over dormant assets. And these asset types are not distributed, returned or refunded to their rightful owners.
What is Michigan unclaimed property?
An unclaimed property can be tangible or intangible, meaning it can or cannot have any physical presence. The Michigan unclaimed property is therefore an asset that can or cannot be touched or seen. This is a property that is owned by a third person and it had remained unclaimed by the owner. One big reason why owners are not able to recover their dormant assets is that these owners do not know about them. Or ? these Michiganders may know about their asset but they are not aware on the procedure for claiming them.
What are samples of these unclaimed properties? One example of this is payroll check that had been uncashed by the payee and it remained as such. Other types are vendor checks, credit balances and account receivables. The uncashed checks should be turned over to the government after one year of being unclaimed whereas the others are turned over after three years. Stock certificates and valuables in safety deposit boxes are also kinds of unclaimed properties.
michigan unclaimed property
How to check the Michigan unclaimed property?
As a Michigander, you should check if in anyway, you have a Michigan unclaimed property stashed idly at the Michigan Department of Treasury. What you have to do is very simple. You just visit the website. This is typing www.michigan.gov/treasury in your search box or browser. At the website?s Home Page, click unclaimed property and you can start checking if there is any Michigan unclaimed property in your name. Another way of finding out if you have this asset is by emailing TreasUPD@michigan.gov. For the non technology-oriented individual, you can call (517) xxxx320 or write to Michigan Department of Treasury at PO Box xxxx6 Lansing, Michigan xxxx9.
Who are eligible to claim Michigan unclaimed property?
The rightful owners or heirs of these owners are always eligible to claim their Michigan unclaimed property. The property is held in trust by the government of Michigan until the owner comes to reclaim. With this, you will understand that there is no time limit for claiming.
To recover your assets, you have to fill up and file a claim form. You can get the form from the Michigan unclaimed property division of the Michigan Department of Treasure or you can also download the form from the department?s website.
Are you now ready to claim dormant assets? There is no harm in finding out if you have any Michigan unclaimed property.
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