How to find lost Bank Accounts/Life Insurance policies.?

  • by ?
  • Jun 30,2018
  • 17 answers

My father passed away 3 years ago we was never really close the last 3 years of his life he lived with me he was in his 80s when he died. We never talked about wills and things the last few years of his life he lived off his work pension. He sold his House years ago I'm convinced somewhere there is my dads money I was his only son I have no idea how to track down any bank accounts or life-insurance policies. I no longer live in the city where I was born if anyone has any information on how to track down such things please reply to this question thank you


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Insurance Answers (17)

curtisports2 2 months ago

Many problems/issues here. If there was a will and you don't know about it, then you were obviously not the executor of that will. Whoever was handled the estate according to the wishes of your father and the probate law of the state he lived in.
If there was no will, then state law dictates who gets what, and someone will be appointed administrator of the estate.
In either case, if you were neither executor nor administrator of the estate, there is little you can do, unless no one ever did anything at all, and then, you could apply to be administrator.
But, what happneed with all of his stuff, his papers, and the mail that continued to come - for a while - after he died? Someone had to be taking care of it. If not you, who was?
Once USPS learns someone has died, they will continue to deliver mail for only so long. USPS can require copies of executor's or adminstrator's papers as proof that whoever is claiming the mail has a legal right to. If no one was claiming it, after a short time of it piling up, USPS will return it to sender. After three years, most insurance companies and banks and such will stop sending mail.
If there is no past mail for you to look at, then try doing a search of the state''s 'Unclaimed Funds' records - many states have this online. Any bank accounts, insurance policies with cash value, other financial assets like stocks, bonds etc, that have gone dormant because the owner has not responded to contact by mail, can be found this way. You can claim these assets by proving that you have a right to them.

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car253 2 months ago

What state do you live in ? Looking for lost life insurance check MIB. They are the ONLY source of information. There is no guarantee for only $75 to check. All life insurance is processed through that company. Anything else is a scam.

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Staap It 2 months ago

I just had this SAME deal. I say this, if in the U.S. AARP life insurance was first I found. Called them, a small policy, I had the check IN FULL in 10 days. VERY good of them, the burial expenses. AARP IS GREAT. 10 days ...THAT IS outstanding.
Then I found 3 dividend checks just laying on a table top. Took them to the bank cashed 'em for money on hand in crisis. Also arrange for YOUR own access to do business at the bank for any survivor or yourself. You can simply ADD your name to the account. AND SAVINGS ALSO> Paper work, my Mom signed did that easily.
I spent Easter Day "Sleuthing" old files. Found an Annuity that was 30 years old ... looked to be funded IN FULL>
Literally ran across my Mom's house .. "Hey Mom, IDK, but this could be for real". This much money, he knew he was soon to die, how could he, WHY would he cash out or drop this ? Last mail contact from them Dec 2017 nothing since. OMG, nothing for months ..... IDK ? Called them Monday, answer recording said enter the Account number please. I did, then it said "We have located your account select from these options". AND A CHEER WENT UP FROM THE CROWD !
Customer Service : Sure enough a fully funded "fixed" Annuity.
Can not roll over to my Mom even though she was the Beneficiary. They no longer want that business. DAMN, I had to find another option to take the money. 20% tax taken if simply "CASHED OUT" ... UNLESS you move it to an IRA eligible Investment. Which we did. BE WARNED they do not let a large amount of money go without a fight and stalling. 3 1/2 MONTHS of paper work, fix this form, re-do this other one. Send us a copy. BUT, sticking to it, 4 months later all is running SMOOOOOOTH.
Next step if NEEDED get yourself " Power Of Attorney " in case the surviving beneficiary like my Mom has a mental issue, OR ends up in a hospital or Nursing Home. I ALSO had her make a NEW WILL since her situation changed. GET A DAMN good attorney for that advise. The Will and Power of Attorney MUST also comply to YOUR state laws.
(My cost was $695 for that paper work)
I hope my experience helps you also. My condolences .......

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lucy 2 months ago

https://www.independent.co.uk/life-style...
https://pocketsense.com/unclaimed-money-...
http://unclaimedassets.co.uk/lost-life-i...
If in fact your dad lived with you the last 3 years of his life, then I am guessing that (any) mail he got, was sent to your address? Also, if he lived with you, then he could/should have personal records/papers lying around that could ID any bank accounts or life insurance.
Now when he sold the house, did he still have a mortgage on it when he sold it? If so, then there maybe no money left from the sale of his house. Or depending on how much his pension was, could have been using his bank accounts to pay (other) bills to live on.
Who paid for his funeral when he died? Did your dad have/had a (prior) spouse? If he had been married/divorced, then (any) assets he had could be in the spouses name, (if) he never took off the spouses name when/after the divorce.
Not everyone has life insurance (nor) a will. Or (any) life insurance he might have had, could have paid for your dads funeral and there is nothing left. With most banks, credit cards or even insurance, that (unless) someone notifies them that some has died, then it is presumed they are still alive.
Now in some cases, if funds not collected, then transferred to a account, which in this case is in the UK, thus you can do a search for any (unclaimed) funds that your father could have or not. But, many of these hold onto them for a (certain) period of time, before they transfer to this fund for it to be claimed.
I have attached links of where to start to see if in fact there are any funds to collect.

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B 2 months ago

First, go through any papers you have which may have the bank names or insurance names. Then contact these by their 1-800 numbers and start documenting all your calls.
Second, immediately go to the state of residence where he had his accounts, and check on the escheat (abandoned) money files. You can easily google the name of the state and the escheat office to check on this.
Finally, you can contact the major insurance companies and with a death certificate you may be able to have them look at their records to determine if you have been named a beneficiary.
Your best bet is to have a lawyer experienced in doing all of this for you, because the money could be in brokerage accounts as well as the banks and insurance companies. Good Luck.

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Ricki 2 months ago

Bank accounts legally have to be turned over to the state if you are in the US but 3 years may be too soon.
LIfe insurance policies don't have a central registry or have to be turned over if they are never claimed. You'l need to check what records he has to find out any companies he has done business with and contact them. You may not find anything.

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StephenWeinstein 2 months ago

Bank accounts are easy, but slow. Banks must turn over unclaimed bank accounts to the state after a certain number of years. Just wait that many years and then file the form to get the money from the state.
Life insurance is more difficult. Ordinarily, you have to find out the name of the life insurance company while the person is still alive, and it is too late once they die. Some things that you can try, but might not work:
1. Search his stuff for some piece of paper with a clue.
2. Ask all his insurance agents, former employers, etc., if they know anything.
3. Ask the state to help.
4. Pay MIB for a list of companies to which he applied for insurance, and then ask those companies if he got a policy from them.

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NA 2 months ago

If you have proof you are executor, submit IRS form 4506-t for income statements.
Then write largest banks/insurance companies.

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DON W 2 months ago

In the US, each state maintains a website of abandoned bank accounts and monies that were due to an individual (such as a refund) that were never delivered or cashed.
Simply google unclaimed property and the name of your state. If his name comes up, the website will give you information on how to claim it. This service is for FREE, don't click on any websites that aren't actually run by the state and that charge a fee.

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A Hunch 2 months ago

Life insurance is only in effect when you pay the bills.
If no bill had been paid within the last year of his life, it's unlikely that he had a life insurance plan in effect.
A bank account will be turned over to the state after 3 years of being dormant. Checked the unclaimed property government websites for the state he lived in. If there is nothing there, there would be nothing for you.

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Tavy 2 months ago

For which Country?

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Eric 2 months ago

Credit report

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? 2 months ago

f

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? 2 months ago

huh

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Mark 2 months ago

Look through his belongings that you have.

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amy lynn 2 months ago

Carefully go through any papers he may have. There might be bank statements among his things. Watch for his mail. If he was getting any kind of mail, he might still be getting new statements for the next month. After all, if the bank doesn't know he died, they will still be sending statements unless he went paperless.
If you can find his bank statements, you might find evidence of payments to an insurance company. Then you could check with that insurance company about what kind of policies he might have had.

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Doc 2 months ago

You'll probably have to speak to a lawyer to learn how to research that matter.

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