If you haven't been in contact with your investment firm, your state may be quicker to seize your account as abandoned property. Getty Images By Kimberly Lankford, Contributing Editor October 4, 2018From Kiplinger's Personal Finance My mutual fund company sent a letter saying that if it doesn’t hear from me soon, it will turn over my account assets to the state. My address hasn’t changed. How could this happen? - G.P., BaltimoreSEE ALSO: How to Track Down Unclaimed Assets Many states changed their abandoned-property laws and now take over accounts much earlier than they used to. This is a growing problem for buy-and-hold investors. In the past, financial institutions would turn over accounts to the state as abandoned if they hadn’t heard from you for seven years after mail to you had been returned as undeliverable. Now, many states can take over your account if a financial institution hasn’t heard from you for three or five years, even if your address hasn’t changed, says Tamara Salmon, associate general counsel for the Investment Company Institute, a mutual fund trade association (see ici.org/lost_property for details). You can file an abandoned-property claim and get your money, but you may miss out on any gains or dividends after it was sold because the state can liquidate your assets. (Search your state’s database at unclaimed.org or missingmoney.com.) Salmon advises contacting your financial institutions at least every three years to let them know an account is active. Even logging into your account online can count as activity at some firms. And respond to any letter like the one you received—after verifying that it’s legitimate. Got a question? Ask Kim at firstname.lastname@example.org.