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There is a statute of limitation of the person is aware that the money is there and is never collected. If the person who stands to inherit is unaware, it is the state is unable to keep that money until the person is informed.

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10y ago

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Is there a statute of limitation on collecting monies from a life insurance policy?

no there is not. If you can prove who you are and that you are the beneficiary, the Insurance company sometimes pays interest on the money owed.


Statute of limitations owing money to Phoenix AZ municiple court?

No statute of limitation. You must pay the court.


If your parents gave you a large amount of money and now they are demanding it to be paid back what is the statute of limitations?

I am not a lawyer, but to my knowledge their is no statute of of limitation as it isn't a crime. Statute of limitations is a time period in which a person can be prosecuted of a crime. As this isn't a crime, there is no limitation.


What is the statute of limitation for money owed to the Public defenders office in the state of Missouri?

There is none. The PD's Office is a government agency. There is no forgiveness on money owed to the government.


Is there a statute of limitations in Oklahoma for receiving money from an inheritance?

A statute of limitations is related to bringing a law suit. As such, there is no such thing as a statute of limitations on an inheritence in Oklahoma.


What is the statute of limitations on coming back and collecting money owed for a loan that the balance was zeroed out but money never taken out of a checking account electronically?

There is no statute of limitations on federal student loans under any circumstance.


Is there a statute of limitation in Michigan if someone owes you money?

It will vary depending on the documentation in most jurisdictions. In Michigan it is 6 years for all.


Is there a statute of Limitations on Local income tax for Ohio?

There is a three statute of limitation for the state and the localities in Ohio. They can not press collections, nor can they refund money are the statute of limitations has passed. If money was paid to the wrong locality and it is discovered at the statute of limitations has passed, the correct city must allow a credit for the amount paid to the original locality.


Is there a statute of limitation on the time a consumer has to get money owed them by a merchant?

It will depend on the type of agreement and the jurisdiction. For the standard open ended account, such as a credit card, it can be three to eight years.


What is the statute of limitation on money owed by a family member?

The statute of limitation for all debt in the US and its territories is the same, 7 years from the date of last payment, and 10 years on all accounts under judgment from the date of the judgment or last payment, which ever is later. the federal law that regulates this is the Federal Fair Debt Collections Practices Act, and no state or territory may enact a law that circumvents it.


A characteristic of the statute of limitation is?

That for civil cases most states usually allow for at least a couple of years when filing. This can help in situations where issues of money, emotional upset, or delayed injury development occur.


What is the statute of limitations for failure to appear in California?

There is no statute of limitation in the state of California for failure to appear. A failure to appear charge results in a warrant being issued for your arrest and that arrest warrant never expires.

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