Fiduciary Funds Unclaimed Property

Fiduciary funds are money held by banks, trust companies, or other institutions acting as custodians on behalf of clients. Common examples include funds from closed trust accounts, dormant custodial accounts for minors, or money from dissolved investment management relationships.

These funds typically become unclaimed when account holders move without updating addresses, pass away without heirs knowing about accounts, or simply forget about smaller custodial balances. Young adults whose parents set up custodial accounts and elderly individuals with multiple trust arrangements are most commonly affected.

With an average claim of $46.34, most represent smaller forgotten balances, though some contain significant amounts. To claim these funds, you'll need government-issued ID and documentation proving your connection to the original account or trust arrangement.