Chandler, AZ asked in Banking, Estate Planning and Probate for Arizona

Q: I have money in my bank that is not mine how long until it is mine?

I acted as the executor for my father's passing. Because of covid my siblings could not be present for collecting his estates. I told them I would send there part once it's in my possession. I now have it in a bank account ready to go but they have not given me the information to transfer the money. So how long do I have to wait until I can claim it as my own without any legal action taken against me?

1 Lawyer Answer
Nina Whitehurst
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  • Estate Planning Lawyer
  • Crossville, TN
  • Licensed in Arizona

A: You can never claim it as your own. If you are unable to find the true owners within three years you must turn the money over to the state.

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