Critical Information For Heirs of Individual Indian Money Accounts
Understanding Your Rights as an Heir to an Individual Indian Money Account
$38 MILLION IS AVAILABLE TO PAY HEIRS.
THE DEADLINE TO FILE A CLAIM IS JUNE 30, 2025.
Exciting opportunities await those connected to the Individual Indian Money (IIM) accounts. The Cobell Indian Trust Settlement has secured a $3.4 billion fund intended to address mismanagement claims against the federal government regarding individual Indian land and assets. If you're an heir to one of the over 17,000 IIM account holders, now is the time to act.
Eligibility for Claiming Money Awards
If you believe you might be eligible, it’s crucial to understand the requirements for submitting a claim. To qualify for a monetary award, you must be an heir of an IIM account holder whose original settlement awards were not distributed. This situation may apply to many, as thousands of cases remain unresolved.
How to Prove Your Heirship
Submitting a claim form is necessary to establish your eligibility, and this form must include proof of heirship. There are several types of documents that can serve as proof:
- A state or tribal probate order that identifies estate heirs.
- A last will and testament sanctioned by a probate order.
- A small estate document, compliant with state guidelines for small estate procedures.
- Documentation confirming the appointment of an estate Executor, Administrator, or Personal Representative.
- A federal probate order that instructs the distribution of trust funds or lands.
Having a copy of a tribal, state, or federal probate order is essential to determine whether the Settlement Administrator can directly pay the heir(s) the settlement award due to the estate.
Funds Distribution Process
If you lack a tribal or state probate order but have a personal representative or executor named for the estate, funds may be released to them. This individual is responsible for distributing the awards according to the wishes of the deceased account holder. It’s also vital to understand that after the June 30, 2025 deadline, any unclaimed remaining funds will be allocated to the Cobell Scholarship Fund, which is managed by Indigenous Education, Inc.
Next Steps and Contact Information
If you believe you are eligible or have questions about the process, there are resources available to assist you. You can find more details on the settlement process or claim filing by visiting CobellSettlement.com. Alternatively, you can contact their dedicated support line at 800-961-6109 for immediate guidance.
For written inquiries or additional information, you may reach out to the Indian Trust Settlement at the following address: Kroll Settlement Administration, P.O. Box 5324, New York, NY 10150-5324.
Frequently Asked Questions
What is the Cobell Indian Trust Settlement?
The Cobell Indian Trust Settlement is a resolution to a class action lawsuit regarding the management of individual Indian funds and assets by the federal government.
How much money is available for heirs?
There is a total of $38 million designated to pay the heirs of eligible IIM account holders.
What is the deadline for filing a claim?
The deadline to file your claim is June 30, 2025.
What documents do I need to provide to file a claim?
You need to provide proof of your status as an heir, which could include probate orders, wills, or other legal documents.
What happens if I miss the filing deadline?
If you miss the filing deadline, any remaining funds will be transferred to the Cobell Scholarship Fund for educational purposes.
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