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Conservator
A court appointed individual who legally holds and manages the value of another person’s assets.
Custodial Account
Any account where a parent or natural guardian is listed along with an account owner under the age of 18.
Custodian
A person (usually a parent or natural guardian) who acts on behalf of a minor under the age of 18.
Guardianship
Guardianship over an infant’s (child under 18 years of age) “person,” and/or “property”: A guardian is usually a family member who is granted authority to care for and make certain decisions for a child (for the “person”). Whenever a child receives money (usually $10,000 or more), someone must be formally appointed by the Court to safeguard these funds until the child becomes 18. Usually, a parent (the child’s “natural guardian”) is the person appointed “legal guardian” over these funds. Guardianship over a developmentally disabled individual’s person and/or property: An individual who is certified by at least two doctors (one of which must be a medical doctor; and one of which may be a licensed psychologist) as being unable to care for themself because of a developmental disability can have a guardian appointed by the Court to make decisions on their behalf.
Joint Tenant
If more than one person owns the same property, they are referred to as co-owners, co-tenants or joint tenants.
Notary Public
A public officer constituted by law to serve the public in non-contentious matters usually concerned with estates, deeds, powers-of-attorney, and foreign and international business. For the purposes of authentication, most countries require commercial or personal documents which originate from or are signed in another country to be notarized before they can be used or officially recorded or before they can have any legal effect. To these documents a notary affixes a notarial certificate which attests to the execution of the document, usually by the person who appears before the notary, known as an appearer or constituent.
OUF Code
An OUF code is a unique system identifier assigned to a specific property held by the Office of Unclaimed Funds and is for our internal use only. Original account numbers or check numbers are never used as OUF codes. The OUF code is not used as a Claim Reference Number for claims submitted in writing or as a Confirmation Number for claims completed online.
Power of Attorney
An authorization to act on someone else's behalf in a legal or business matter. The person authorizing the other to act is the principal, granter or donor (of the power), and the one authorized to act is the agent, the attorney-in-fact, or in many Common Law jurisdictions, simply the attorney. For some purposes, the law requires a power of attorney to be in writing. Many institutions, such as hospitals, banks and, in the United States, the Internal Revenue Service, require a power of attorney to be in writing before they will honor it.
W-8BEN
If you do not reside in the United States (U.S.), and you do not have a U.S. Social Security Number, you must complete this form in order to determine if a tax treaty exists between your country of residence and the U.S. Otherwise, this office must withhold thirty percent (30%) of the interest payable on interest eligible refunds. Those funds are then to be turned over to the U.S. Internal Revenue Service.