The amount and variety of unclaimed property in Alaska and other states is larger than one would think. Sometimes it happens when people move and forget to reclaim their utility deposits or over-payments; other times, people may die and leave some money squirreled away in separate checking or savings accounts. Laws regarding unclaimed property in AK also mean that business owners have legal obligations if they come into possession of unclaimed property.

The list of abandoned property types in AK includes, but is not limited to, stocks, checking/savings accounts, death benefits, vendor checks, over-payments, certificates of deposit, paid-in-full life insurance, uncashed checks, unpaid wages, money orders, credit balances, refunds, dividends, commissions, insurance payments, gift certificates and customer deposits.

1. Know the laws regarding Alaska unclaimed property and how they affect you as a business owner.

2. Search state of Alaska unclaimed property to see if you have forgotten some assets.

3. Take advantage of unclaimed property auctions to pick up a good deal on abandoned property.

Action Steps
The best contacts and resources to help you get it done

Know your obligations regarding AK unclaimed property

As a business owner, you're typically required to report and remit unclaimed property in the state of Alaska, where the state considers property abandoned after between one and five years, though it's 15 years for traveler's checks. If someone forgets to pick up a deposit or a check, make sure you know what your legal obligations are.

I recommend: To find out how long you have to wait before reporting particular items, go to the Unclaimed Property section of Alaska's Treasury Division and read about the General Dormancy Periods in the middle of the page. Get familiar with the statutes and guidelines for reporting unclaimed property in Alaska. For more information on repoish/adding-dish-soap-to-weed-killer.html adding dish soap to weed killer, htal, ml'>adding dish soap to weed killer, http://worktomoney.net/dish/adding-dish-soap-to-weed-killer.html adding dish soap to weed killer, htal,

Search Alaska unclaimed property to ensure that your business hasn't left some assets behind

It may be a long shot, but why not perform an Alaska unclaimed property search to make sure your business doesn't have some assets floating around out there somewhere? This makes even more sense if your business has been around for a long time or it has a long string of former owners. You might be pleasantly surprised to find that one of the former owners neglected to retrieve some AK unclaimed property or even some unclaimed land in Alaska that still belongs to your business.

I recommend: Search for abandoned property in Alaska and most of the rest of the country at MissingMoney.com. If you come up with something, file a claim at the Unclaimed Property section of Alaska's Treasury Division.

Find property or unclaimed land in AK

State and local governments, as well as police agencies, sometimes dispose of unclaimed properties in Alaska through auctions. If you like auctions, it can be a good way to save your business some money.

I recommend: The Anchorage Police Department auctions off unclaimed property from time to time through North Pacific Auctioneers. JUSTAUCTIONS.ORG features unclaimed properties in AK, foreclosures and seized property.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Be wary if you're contacted by individuals asking for money in exchange for information on Alaska unclaimed properties or goods; you can do the legwork yourself if it's legitimate.
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