Video Summary
What happens if someone doesn’t claim their inheritance? Well, if it’s a stocks or money and bank accounts, anything such as that, then after a certain period of time, the company turns the property over to the state of Florida and it’s held in an account for unclaimed property under the person’s name who’s entitled to it, and I think it’s called the Treasure Hunt, but I’m not a 100% sure. But if it’s with that, if you Google Unclaimed Property Secretary of State of Florida, you’ll go to the website and list all the various names that their property there, and there’s any number of companies that try and contact folks to see about getting that for you for a fee. If it’s real property and they don’t ever take charge of it or receive it or have it probated and put in their name, then it is usually just lost for taxes. And so,after a certain number of years, the tax is not being paid, then it’ll be sold on a tax deed sale. That’s what happens if you don’t collect your inheritance. If you have any questions, give me a call at (727) 847-2288.