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ADOR Searching for Military Personnel Owed Unclaimed Property

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The Arizona Department of Revenue's (ADOR) Unclaimed Property program is seeking members of the U.S. military who have unclaimed property or funds in their names from a time they were stationed in Arizona.

The agency has identified more than 24,009 military personnel with last known Arizona addresses from Camp Navajo Army Base, Fort Huachuca Army Base, Luke Air Force Base, Tucson's Davis-Monthan Air Force Base, Yuma Proving Ground Army Base, and Marine Corps Air Station (MCAS) Yuma. Some date back over 30 years. These properties total $7 million, with the largest property due to a single owner being $217,187.

ADOR routinely sends a notice to the last known address of military members with large properties, encouraging the property owner or family member to contact ADOR's Unclaimed Property Unit to claim what they are owed.

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 Often, the company holding the funds has an outdated or the wrong forwarding address for the customer, and in some cases, a person passes away with no family members aware of the assets.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.

Every year, the ADOR Unclaimed Property program returns millions of dollars to claimants, including $47 million in the fiscal year 2022. In the past three fiscal years, about $155 million has been returned to individuals and businesses.

To learn if you have unclaimed property owed you, visit MissingMoney.com and enter your name, and the state and city you have resided in. If the search returns results, you can submit a claim form. Claimants must include a valid photo ID 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.

For more information on the Unclaimed Property program, including how to make claims and frequently asked questions, go to http://www.azdor.gov and click on the Unclaimed Property tab.
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Sunday, 14 July 2024

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