My Dad died intestate in 1993 but a life insurance pay-out for $1k is now listed in Ohio's Unclaimed Funds. The beneficiary, my mother, died in 2000. My eldest sister took care of all the other issues after his death but she now has dementia. The Div of Unclaimed Funds wants a Release from Administration, Letter of Authority, or Report of Newly Discovered Assets. Will these eat up the value of the pay-out before it is even distributed? I don't live in Ohio. How do I proceed?
1 Answer from Attorneys
You may wish to complete a small estate affidavit as allowed under RCW 11.62.010. http://app.leg.wa.gov/RCW/default.aspx?cite=11.62&full=true. Follow the requirements of the statute, make the document neat, and have it notarized. Send Ohio the signed and notarized affidavit along with a copy of the entire short statute chapter. You should also look through Ohio statutes for a similar procedure and add any additional requirements into your affidavit. Specifically, find what OH means by "Release from Administration, Letter of Authority, or Report of Newly Discovered Assets" and see if you can meet the requirements of one of them. They will also probably like to see a death certificate of each of your parents.