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Pennsylvania
Related: About this forumPa. is sitting on billions in unclaimed property. This bill would get some of it back to its owners.

Spotlight PA link: https://www.spotlightpa.org/news/2023/05/pa-unclaimed-money-stacy-garrity-treasury-automatic/
HARRISBURG Pennsylvanias treasurer wants the state to start sending unclaimed money directly to the people it belongs to, a proactive system that a dozen other states have adopted.
The state is currently sitting on more than $4 billion in misplaced money: the check you forgot to cash; the gift card you never got around to spending; the tax refund that was sent to your old address.
The money is swept into Pennsylvanias coffers every year, and represents hundreds of millions of dollars that people have lost track of. But it doesnt belong to the state: Its rightful owners can come and claim it anytime
The current system for reclaiming that money, however, puts the burden squarely on the roughly one in 10 Pennsylvanians whose misplaced dollars the state is holding. To get it back, they must search for their name in a public database, then file a claim. But many likely have no idea there is money waiting for them in the first place.
The state is currently sitting on more than $4 billion in misplaced money: the check you forgot to cash; the gift card you never got around to spending; the tax refund that was sent to your old address.
The money is swept into Pennsylvanias coffers every year, and represents hundreds of millions of dollars that people have lost track of. But it doesnt belong to the state: Its rightful owners can come and claim it anytime
The current system for reclaiming that money, however, puts the burden squarely on the roughly one in 10 Pennsylvanians whose misplaced dollars the state is holding. To get it back, they must search for their name in a public database, then file a claim. But many likely have no idea there is money waiting for them in the first place.
- more at link -
The only problem I see with "mailing out the checks" is how do they verify the recipient's current address? Even so, it's a step in the right direction.

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Pa. is sitting on billions in unclaimed property. This bill would get some of it back to its owners. (Original Post)
FakeNoose
May 2023
OP
Currently all possible heirs must sign-off on the deal if the "owner" is deceased
bucolic_frolic
May 2023
#1
It often costs more to complete a claim than the amount to be claimed, i.e.,
Backseat Driver
May 2023
#2
bucolic_frolic
(49,158 posts)1. Currently all possible heirs must sign-off on the deal if the "owner" is deceased
If you find someone you know on there, you can't cue the state with their current whereabouts. The owner must file a claim. NJ same as far as I recall. NY, at least way back when, had to indemnify NY from liability of other heirs. For former securities possibly buy indemnity insurance.
So yes, states could do a lot more. This escrow in perpetuity is ridiculous.
Backseat Driver
(4,663 posts)2. It often costs more to complete a claim than the amount to be claimed, i.e.,
a very small claim for an old utility security deposit. What's more interesting is getting advertising crap in the mail for someone that's been deceased over a decade or more and never lived at the address to which it was sent--outrageous waste!