Unclaimed Money Louisiana totals near $100 million. Last year this state paid out over 38,000 claims totaling over $24 million.
If you call 1-888-925-4127 the Louisiana Unclaimed Property Division will search for you. Their site indicates that millions are reunited with property owners each year. Their online searchable data base is updated daily. A FAQ section provides answers to basic questions regarding unclaimed funds. Louisiana is one of two states which have an insurance policy search (call for info on this).
Unclaimed Money Louisiana
Louisiana’s largest individual claim ever paid out was in June of 2018 when an anonymous recipient received $2.4 million in unclaimed money. The unclaimed money was from a deceased relatives unclaimed oil royalties. A typical average is around $1000 per claim.
The state’s new FAQ section provides great support in how to use the unclaimed money search system. All claims do require verification of ownership, either via photo ID or social security verification. If additional documentation is required you will be notified in writing. For deceased relatives you will need a court approved ‘next of kin’ document in order to complete the claim. All claims vary in processing time and can take up to 90 days to complete.
John Schroder, State Treasurer
ATTN: Unclaimed Property Division
P.O. Box 91010
Baton Rouge, LA 70821
Phone: Toll-Free: (888) 925-4127 Local: (225) 219-9400