How to Find and Claim Your Funds
Are you a South Dakota resident who has lost track of some of your assets or funds? You might be surprised to know that you could be entitled to unclaimed property that you have forgotten about. Unclaimed property refers to any financial asset or property that has been left dormant for an extended period without any activity or contact from the owner.
Fortunately, the South Dakota state government has established a process to help residents recover their unclaimed property. In this article, we will provide you with all the information you need to find and claim your unclaimed property in South Dakota.
What is Unclaimed Property in South Dakota?
Unclaimed property can come in many forms, including bank accounts, stocks, dividends, insurance policies, uncashed checks, and more. In South Dakota, unclaimed property is defined as any financial asset that has been inactive for three or more years, with no contact from the owner.
The South Dakota state government is responsible for safeguarding unclaimed property until it can be returned to the rightful owner. If you have unclaimed property in South Dakota, you can recover it by following the state’s process for claiming abandoned property.
To begin the process of recovering your unclaimed property in South Dakota, you will first need to search the state’s unclaimed property database. The South Dakota state treasurer’s office maintains this database and updates it regularly to include new unclaimed property listings.
Follow these steps to search for your unclaimed property in South Dakota:
Visit the South Dakota unclaimed property website at https://southdakota.findyourunclaimedproperty.com/.
Enter your first and last name in the search bar.
Click on the “Search” button to view any potential matches.
If you find a match, click on the property listing to view more details about the property and how to claim it.
Follow the instructions on the property listing to start the claims process.
If you do not find any matches in the South Dakota unclaimed property database, it does not necessarily mean that you do not have any unclaimed property. You may want to search for unclaimed property in other states where you may have lived or conducted financial transactions.
Once you have located your unclaimed property in South Dakota, you will need to follow the state’s process for claiming it. Here is a step-by-step guide to the claims process:
Review the property listing carefully to ensure that it belongs to you.
Gather any documentation that proves your identity and ownership of the property, such as a driver’s license, Social Security card, or other government-issued ID.
Complete the claim form provided on the property listing or request a claim form from the South Dakota state treasurer’s office.
Submit the claim form along with any required documentation to the South Dakota state treasurer’s office.
Wait for the state treasurer’s office to verify your claim and process your payment.
It is important to note that the claims process may take several weeks or even months to complete, depending on the complexity of your claim and the amount of documentation required. However, once your claim has been verified and approved, you will receive your unclaimed property in the form of a check or other payment method.
Unclaimed property is more common than you might think, and many South Dakota residents are entitled to funds they have forgotten about. By following the steps outlined in this article, you can search for and claim your unclaimed property in South Dakota with ease.
Remember, the South Dakota state government is here to help you recover your unclaimed property, so don’t hesitate to start the claims process today.