The Unclaimed Property Administration (UPA) recovers and records abandoned or lost intangible and tangible property. The UPA’s goal is to return this property to the rightful owner and/or heirs. The New Jersey Unclaimed Property Statute states that property owners never relinquish the right to this property and that the UPA acts as a custodian until the property is returned. Therefore, even after someone dies, his/her estate is entitled to receive property held by the UPA. However, UPA almost always requires that the person attempting to claim a decedent's property show proof that he/she has been duly appointed by the Surrogate's Court in the county where the decedent was a resident at the time of his/her death.
Learn more by visiting the Unclaimed Property Administration's website: www.unclaimedproperty.nj.gov