If you reside in Michigan, take note that the state government has shortened the time it will allow the cash you have not claimed to remain unclaimed before it moves to take it over. This includes all forms of unclaimed money like dormant bank accounts, unclaimed taxes, paychecks, utility deposits, safe deposit box contents and the like.
State governments used to have between 5 and 15 years before they had to surrender the money to the state but for Michigan it is now 3 years.
Please see full article below for more information.
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Administrative Law Updates, Tax Law Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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