Nassau County holds funds for three years before turning them over to the states unclaimed funds department.
Escheat refers to the right of a government to take ownership of estate assets or unclaimed property. It most commonly occurs when an individual dies with no will and no heirs. Escheat rights can also be granted when assets are unclaimed for a prolonged period of time.
Abandoned Property Escheatment of Court & Trust Funds:
Article 6 of NYS Abandoned Property Law §600(1)(a) provides for the escheatment of the following funds which shall have remained in the hands of the County Treasurer for three years, to the New York State Comptroller’s Office of Unclaimed Funds:
- “Any moneys including the monetary proceeds from the sale of tangible personal property and securities or other intangible property paid into court, which,… shall have remained in the hands of any county treasurer… for three years, together with all accumulations of interest or other increment thereon, less such legal fees as he may be entitled to.”
- “The monetary proceeds representing any legacy or distribution share to which an unknown person is entitled…”
- “any moneys paid to a support bureau of a family court, for the support of a spouse or child…”
Escheatment lists are posted prior to the escheatment date on this website, all funds are transferred to NYSOUF after March 31st of each year.
You can view the Nassau County Unclaimed Funds Escheatment lists here.
If you need information pertaining to an account which has been previously escheated, you may request detail from the Nassau County Treasurers at 516 571-2090 office pertaining to the escheatment which help locate funds at NYSOUF.
Click here to learn more about New York State unclaimed funds
Did you know you can make money finding unclaimed money for other people?
There is a little known business that lets you do that. Unclaimed money finders locate people that don’t know they money being held for them and help them to recover it.
In return, they charge a commission after the money is recovered.
Please click here if you would like to learn more about this business.
Leave a Reply