1. Do I need to claim my property?
It is important that you take action. Failure to do so, whether directly or through this program, will eventually result in the property due being remitted to the appropriate state as required under the applicable unclaimed property laws. You may claim your property through this voluntary program by completing and returning the Letter of Transmittal. Alternatively you can work with the transfer agent indicated in the Letter of Transmittal; however, the fees charged may be different than those charged by UPRR.
2. Whose Social Security or Tax ID number should be recorded on Section One?
For account verification purposes, please provide the last four digits of your Social Security number or Tax ID number. If the payee is deceased, provide the last four digits of the decedent’s social security number.
3. Do I have to send in the original check?
No. By completing this form with applicable documentation (if necessary), your check(s) will be presumed lost and will be replaced as part of the program.
4. I am acting in a fiduciary capacity. What documentation is required?
If you are acting as a trustee, administrator, guardian, officer of a corporation, or anyone acting in a fiduciary capacity who is not identified as such in the ownership registration must submit the Letter of Transmittal accompanied by proper evidence of the signer’s authority to act. Click here to refer to Instructions for the Transfer of Ownership.
5. How long will this process take?
Once we receive your executed Letter of Transmittal, it will take approximately 4-to-6 weeks to process. All requests submitted that are not in good order or lack the information enabling us to process the claim will be returned to the sender with a notice advising why the transaction cannot be completed. You can resubmit your claim once you have made the correction(s) indicated.
6. How would I have my check issued in a new name?
If you wish the new check to be issued to a person(s) other than the registered owner(s), a transfer of ownership must be completed. You may transfer your property to a different name by completing the information in the box (Section # 1) on the front page of the Letter of Transmittal and by securing a Medallion Signature Guarantee from an institution such as a commercial bank, trust company, credit union, or brokerage firm participating in a medallion program. A notary public stamp is not acceptable. Should the registered holder be deceased, a copy of the death certificate and court documents appointing the executor must be provided. Click here to refer to Instructions for the Transfer of Ownership.
7. Are there fees associated with this transaction?
Depending on the actual transaction, there may be nominal fees associated. For amounts incurred for the collection of assets of an estate, the fees paid to UPRR should be tax deductible. Please consult with you own tax advisor regarding this important deduction.
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