Unclaimed Money Kansas

A variety of terms refers to Unclaimed Money. Unclaimed property and abandoned property are all terms that have been used to describe it. It all relates to property or property when the actual owner has failed to maintain touch with the property holder for a length of time as defined by state statutes.

While the term “unclaimed property” can apply to many property kinds, not all of them are covered by the state’s unclaimed property program. Kansas, like other states, excludes two types of property from its unclaimed property program: real estate and motor vehicles. Instead, its unclaimed property policy is based on negotiable instruments and cash, albeit some tangible personal property, such as the contents of safe deposit boxes, is included in the definition.

After five years, many categories of property in Kansas will be presumed abandoned. On the other hand, Kansas has some abnormally long waiting periods before specific categories of property are evaluated.