Middlesex Massachusetts Affidavit by Claimant of Lost Property

State:
Multi-State
County:
Middlesex
Control #:
US-02726BG
Format:
Word; 
Rich Text
Instant download

Description

Property is lost when the owner does not know where property is located, but intends to find it. In other words, lost property is property that an owner has misplaced without intending to give up ownership. A person who finds lost property does not acquire title to the property. At most, a finder of lost property is entitled to possession of the property until it is claimed by the owner.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
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FAQ

The New Jersey Unclaimed Property Statute ensures that property owners never relinquish the right to this property and the UPA only acts as a custodian until the property is returned.

An owner claiming an interest in any assets in the custody of the Authority may file a claim by submitting the following documents: An Original Owner(s) claim form (form 4A) An Indemnity agreement (form 5) An official letter received from the holder confirming remittance of unclaimed financial assets to the Authority.

You can search for unclaimed property online through the Unclaimed Property Division's database. In the search form, enter the following: - Your name. - Address.If you find property that belongs to you, select the entry and click Start Claim. Enter the information requested and submit your claim.

Every holder must maintain records of its unclaimed property for 5 years after the property has been reported and turned over to the State Treasurer.

Filing your claim through the search website is the fastest way to get your claim processed. If you did not locate property on the NJ Property Search website but believe you have unclaimed property at our office, you can request UPA staff execute a manual search through the 'Request a Property Search' link below.

Unclaimed property is property that already belongs to you. The State was simply safeguarding it until it could be returned to you. Therefore, unclaimed property is not actually income so it is not taxable.

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.

After unclaimed property is given to the state by a business, the owner or the owner's heirs must reclaim it from the state. Note that the state does not take over the funds but instead holds them as custodian until claimed.

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Middlesex Massachusetts Affidavit by Claimant of Lost Property