Harris Texas Contract to Locate Unclaimed Assets

State:
Multi-State
County:
Harris
Control #:
US-00700BG
Format:
Word; 
Rich Text
Instant download

Description

This form is a sample of an agreement to locate unclaimed assets and/or property owned by others that do not know of such property. Examples of such property would be overbid funds from property that has been sold or is about to go to sale by public officials for back taxes that are due, as well as unclaimed property from a decedent's estate.
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FAQ

Even though the government assumes the ownership of unclaimed money after the dormancy period, the assets are still available for claiming. Once the rightful owners find out they are entitled to these funds, they can always file a claim and get their money.

There is no statute of limitations for unclaimed property. Funds reported will remain here indefinitely until returned to their rightful owner. The Texas Comptroller has authority to manage the State of Texas Unclaimed Property Program under Title 6 of the Texas Property Code (opens in a new tab).

To Search for companies or individuals who have unclaimed funds deposited with the County Treasurer please use the Search for Unclaimed Funds tool below. If you find your name in the search, please contact the Treasurer's Office at (832) 927-6865.

States have established processes whereby legal owners of assets can reclaim unclaimed funds. When claiming unclaimed funds that have risen in value, taxes may be assessed at the time. If you claim property, it will be treated as ordinary income and taxed accordingly unless the property is related to a tax refund.

ClaimItTexas.org remains online to request property searches, file claims, submit documentation and file unclaimed property reports. Our staff is also available to answer questions by calling 1-800-321-2274, Monday-Friday a.m. p.m.

Dormancy periods range from one to 15 years depending upon property type.

What is Unclaimed Property? Unclaimed property can be any financial asset or safe deposit box contents that has been abandoned by the property owner for one or more years.

Sometimes an owner dies and his or her heirs fail to claim assets left to them because they don't know about the inheritance. To search for these assets, go to , which you can also reach by typing and clicking on the MissingMoney.com link.

Since 1963, Texas has required institutions, businesses and governmental entities to report to the state any personal property that has been unclaimed for up to five years, depending on the property in question. Unclaimed property can be abandoned assets.

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Harris Texas Contract to Locate Unclaimed Assets