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We make every effort to process each claim received as quickly as possible. On average, the process usually takes 6 to 8 weeks.
Unclaimed Property Division phone. (888) 844-8400. (334) 242-9614. @ unclaimed@treasury.alabama.gov. email. RSA Union Building. 100 North Union Street, Suite 636. Montgomery, AL 36104. Our offices are closed on state holidays.
Each year, unclaimed or abandoned assets--cash, stocks, bonds, insurance benefits, and valuables--are turned over to Alabama Unclaimed Property. Alabama Treasury serves as custodian of these assets and makes every effort to return them to the rightful owner or their heirs.
Unclaimed Property Division phone. (888) 844-8400. (334) 242-9614. @ unclaimed@treasury.alabama.gov. email. RSA Union Building. 100 North Union Street, Suite 636. Montgomery, AL 36104. Our offices are closed on state holidays.
States have established processes whereby legal owners of assets can reclaim unclaimed funds. When claiming unclaimed funds that have risen in value, taxes may be assessed at the time. If you claim property, it will be treated as ordinary income and taxed accordingly unless the property is related to a tax refund.
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We make every effort to process each claim received as quickly as possible. On average, the process usually takes 6 to 8 weeks.
According to U.S. law, property that is left behind by a tenant is typically assumed to be abandoned after a specific timeframe. This timeframe can be anywhere between one week and one year. If the property remains unclaimed during this timeframe, it may be disposed of, or sold in order to recoup storage costs.
2006 Alabama Code - Section 35-12-72 Presumption of abandonment. (a) Property is presumed abandoned if it is unclaimed by the apparent owner during the time set forth below for the particular property: (1) Travelers checks, 15 years after issuance. (2) Money order, five years after issuance.
States have established processes whereby legal owners of assets can reclaim unclaimed funds. When claiming unclaimed funds that have risen in value, taxes may be assessed at the time. If you claim property, it will be treated as ordinary income and taxed accordingly unless the property is related to a tax refund.
Alabama Dormancy Periods Most property types in Alabama have a dormancy period of three years. Accounts are considered dormant if the owner of a property has not indicated any interest in the property or if no contact has been made for the allotted dormancy period for that property.

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