Social Security Administration and Escheated Funds

The Social Security Administration has established procedures for returning funds rightfully due to them. However, often a beneficiary dies and has no known relatives nor estate to claim those funds. Each individual State has a law establishing the procedures to follow disbursing those funds. The funds need to be escheated in accordance with state law.  The law may allow a local governmental agencies such as a county to collect these funds. For further information you may contact your states Office of State Controller or the governmental entity dealing with this issue.


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About Author: Ed Doonan

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