Each state has a website where individuals can check if they have unclaimed money or property owed to them. That includes the State of Alaska.
Unclaimed property is any intangible amount owed or held by an organization that remains unpaid, uncashed for an extended period of time. Most property is considered abandoned after three years. Alaska currently has roughly 1.6 million individual unclaimed properties totaling $243 million on record, according to Michelle Norman and Pamela Leary, with the Alaska Department of the Treasury. If a claimant can prove they are legally entitled to the money, the state is required to pay it.
The first thing you may be wondering is, where would these unclaimed properties come from that the state is holding? The property comes from many sources including, but not limited to, associations, banks, churches, clubs, communities, corporations, credit unions, insurance companies, financial institutions, governmental entities, restaurants, retailers, and utilities.