What can be done with personal property if it is not claimed by a beneficiary after multiple notices have been sent over almost 2 years?
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What can be done with personal property if it is not claimed by a beneficiary after multiple notices have been sent over almost 2 years?
Is there recourse the beneficiary can take if the items have been disposed of and they later decide they want the items?
Asked on November 15, 2014 under Estate Planning, Indiana
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 10 years ago | Contributor
Are you the Executor of the estate? My concern for you is that there is a bailment situation that has been created and you do not want to be sued for conversion of the property - improperly disposing of it. I would check with a local attorney as to what you need to do here with out going through the expense of storing the property indefinitely. There could be notification of intent to sell or dispose if not claimed within a certain time frame. But local laws will apply. Good luck.
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