How to check to see if you have unclaimed property in N.J. and reclaim it

An audit released Monday recommended ways the Unclaimed Property Administration could save money and connect more owners with their assets.

TRENTON -- New Jersey's Unclaimed Property Administration connected $123 million in unclaimed assets with their rightful owners or heirs in the fiscal year that ended in June, according to an audit of the agency.

The state paid out $125 million in 2014 and $107.5 million in 2013.

But plenty remains unclaimed. Nearly $264 million was turned over to the state in the last fiscal year alone.

"It is common that in the normal course of business that individuals or businesses lose track of either checks that were issued to them or bank holdings," according to the state website. "Once property reaches the defined abandonment period with no activity, the holder of this property will turn the property over to the state."

The Unclaimed Property administration is merely the custodian. You never give up your right to claim these assets. "If property is not claimed it remains in the Unclaimed Property Trust Fund in perpetuity or until a valid claim is submitted and processed," the website said.

Here's how to locate and collect dormant property, which can include retirement accounts, bank accounts, insurance benefits and more.

• The state shares its unclaimed property records with
• If you spot a matching record, the site will direct you to fill out a form and file a claim with the custodial state. You may be asked to supply some personal information or documentation, such as proof of Social Security Number, original stock certificates and divorce decrees, according to the New Jersey Unclaimed Property Administration.
• Not all properties are available on missingmoney.com. You can also
• Unlike some states, New Jersey doesn't list the name of the company that turned over the property to confirm you've done business with them. But for others, like Pennsylvania, that information is available.
• Don't see your name but see a deceased relative's? "Only a surviving spouse, estate administrator or court-verified heir has the legal authority to place a claim on the property," according to missingmoney.com.
• To claim property belonging to a deceased person, you may be asked to provide additional documentation, such as probate documents and death certificates.
• Once you've filed a claim, you can

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