The amount and variety of unclaimed property in Wyoming 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 the state taking possession of unclaimed property in WY -- a process also known as Wyoming escheatment or Wyoming escheat -- also mean that business owners have legal obligations if they come into possession of unclaimed property.
The list of unclaimed property in WY includes, but is not limited to, stocks, checking/savings accounts, death benefits, vendor checks, over-payments, CDs, 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 Wyoming state unclaimed property and how they affect you as a business owner.
2. Search abandoned property in Wyoming to see if you have forgotten some WY escheat assets.
3. Find a Wyoming unclaimed property auction.
Know your obligations regarding WY unclaimed propertyAs a business owner, you're typically required to report and remit unclaimed property in Wyoming. If someone forgets to pick up a deposit or a check, make sure you know what your legal obligations are.
Search Wyoming unclaimed property to ensure that your business hasn't left some assets behindIt may be a long shot, but why not perform a Wyoming 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 WY unclaimed property or even some unclaimed land in Wyoming that still belongs to your business.
Find unclaimed property in WY at auctionsState and local governments, as well as police agencies, sometimes dispose of unclaimed properties in Wyoming through auctions. If you like auctions, it can be a good way to save your business some money.
- Be wary if approached by someone who wants money in exchange for information regarding state of Wyoming unclaimed property; you can get the same information on your own for free.