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Build Kansas Fund | Fiscal Year 2024
Application Package | Memo
To:Senator Ty Master son, Chair, Build Kansas Advisory Committee
Mural Raided, Kansas Legislative Research Department
Shauna Wake, Office
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Gather all necessary information and documentation relating to the unclaimed property, such as proof of ownership.
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Who needs unclaimed property - its?
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Anyone who believes they may have unclaimed property, such as money in a dormant bank account, unused gift cards, or uncashed paychecks, should look into claiming it.
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Businesses or organizations may also need to report and claim unclaimed property that belongs to their customers or employees.
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What is unclaimed property?
Unclaimed property refers to assets that have been abandoned or forgotten by their owners, typically because the owner has not made any transactions or contact with the property for a specified period of time.
Who is required to file unclaimed property?
Businesses, financial institutions, and other entities that hold property or funds belonging to individuals must file unclaimed property reports if they have not had contact with the owner for a designated period.
How to fill out unclaimed property?
To fill out unclaimed property forms, individuals or entities must gather the necessary information about the property, complete the designated state forms, and submit them as per the state’s guidelines, which may include both electronic and paper submissions.
What is the purpose of unclaimed property?
The purpose of unclaimed property programs is to protect consumers by ensuring that unclaimed assets are managed properly and returned to their rightful owners or heirs.
What information must be reported on unclaimed property?
The information that must be reported typically includes the owner's name, last known address, social security number or tax ID, a description of the property, and the amount of the property or funds.
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