Search for your Unclaimed Money (i.e. John Doe's Unclaimed Assets in California)

Thursday, February 11, 2010

Find Unclaimed Money in California

The California State Controller John Chiang recently has announced that the state is in possession of $5.7 billion of assets from over 11.6 million individuals and organizations that has gone unclaimed for years.

Per state law, California businesses must turn-over to the state controller assets once there have been no contact with the rightful owner for over 3 years---In some cases, the owner died and the heirs have no idea about the asset---So you should also search under the names of deceased loved ones.

The most common types of Unclaimed Property in California are:

  • Bank accounts and safe deposit box contents
  • Stocks, mutual funds, bonds, and dividends
  • Uncashed cashier's checks or money orders
  • Certificates of deposit
  • Matured or terminated insurance policies
  • Estates
  • Mineral interests and royalty payments, trust funds, and escrow accounts.

No comments:

Post a Comment