Got California Unclaimed Property?
December 29, 2010
The State of California is now holding billions of dollars in unclaimed money and unclaimed property belonging to a lot of organizations and individuals like you.
Could some of this California unclaimed property be yours? Are you rich and don't yet know it? You might be surprised!
The California state controller is trying to match people and companies with their California unclaimed property, which is safeguarded by the state until property owners can claim what is rightfully theirs.
Owners or heirs can claim their property directly from the State Controller for FREE as per California's Unclaimed Property Law. (It does NOT include real estate property.)
It gives the State an opportunity to return your money and provides citizens with a single source to check for California unclaimed property that may be reported by holders from around the nation.
Often the owner forgets that this account exists, or moves without leaving a forwarding address, or the owner dies and the heirs don't know about the property.
Businesses and financial institutions are required to send a notice to your last known address, informing that your account will be transferred to the State Controller for safekeeping if you do not notify the institution of your intent to maintain account.
If the institution is not in a position to contact you, your account is remitted to the State Controller's Office, which sends a notice informing you of your California unclaimed property, provided it can find your current address by matching your reported Social Security number with the Franchise Tax Board's records.
How can you know if the state is holding anything with your name on it? It's easy! Just visit the state controller's California Unclaimed Property website right now and start searching.
