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The purpose of unclaimed property is to protect the property rights of the owner and reunite lost owners with their property. Unclaimed property also relieves holders from the property liability and protects holders from subsequent claims by the owner.
0:14 1:14 However this process can be complicated. And may require legal assistance.MoreHowever this process can be complicated. And may require legal assistance.
0:10 1:15 Them unclaimed property laws vary by state but most require businesses to report abandoned assets toMoreThem unclaimed property laws vary by state but most require businesses to report abandoned assets to the state. The state then tries to locate the owner.
If you believe you are entitled to an unclaimed financial asset of a deceased relative, you can file a claim with the state government or business that is holding it. If you are specifically named as a beneficiary in the deceased relatives will, the claim process can be relatively smooth.
Also look at .unclaimed.org This is a legitimate site created by state officials to help people search for funds that may belong to you or your relatives. Searches are free.
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People also ask

The official unclaimed property division has existed for more than 40 years. Its totally legit.
The most common types of unclaimed property are: Bank accounts and safe deposit box contents. Stocks, mutual funds, bonds, and dividends. Uncashed cashiers checks and money orders. Certificates of deposit. Matured or terminated insurance policies. Estates. Mineral interests and royalty payments.

maryland unclaimed property reporting