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Monday, August 18, 2008

Westlaw Edge


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Unclaimed property: Now it won't go unnoticed

Unclaimed property (unpaid wages, dividends, refunds, or other personal property considered lost or abandoned after a specific period of time) can affect many areas of the law, including probate, tax, bankruptcy, and corporate acquisitions. Unclaimed property records can also reveal connections between specific companies and individuals.

Unclaimed property records are now available on Westlaw from the following states: Alaska, California, Maine, Minnesota, Nevada, New Jersey, New York, Ohio, Oklahoma, Texas, West Virginia, and Wisconsin. To search unclaimed property records in all available states, access the Unclaimed Property Combined database (UNCLAIMED-ALL). You can also search unclaimed property records from an individual state using the database identifier UNCLAIMED-XX, where XX is the state's two-letter postal abbreviation. The user-friendly search template allows you to search by owner name (e.g., john smith; you don't need to use connectors), street address, asset holder, asset type, and other criteria.

A record typically includes the name and known address of the property owner, a description and value of the property, and the name of the entity holding the property. (Caveat: Some property may be unclaimed because the address on file is incorrect.)

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