July 24, 2008
CA Abandoned Assets – Part 1 of 2
(Part 1 of 2)
The California’s unclaimed funds department takes in roughly 300 million dollars annually. Why does it matter to you? Well, if you or anyone you know is or ever was a resident of the Golden State (or had any kind of business dealings, whether you knew it or not), part of that big pile of Cali forgotten funds might very well be yours!
Under the state of California unclaimed property law, missing money such as forgotten checking and savings accounts, uncashed checks and money orders, mineral deposits, salary checks, cash and stock dividends, state of California unclaimed tax refunds, gift certificates, and other assets are turned over to the Department of the Treasury if their owners don’t come for them within a given period. This ‘dormancy period’ varies from state to state, but in Cali it is 3 years. These lost assets then head to the California unclaimed property division, where they sit in the state’s general fund until they are returned to the people they truly belong to. This is where state employees in-charge of the Cali unclaimed cash were criticized recently. It seems that they have been all to happy to track down and collect the lost assets from the establishments holding on to them but showed less interest in locating the owners in the Cali unclaimed money database.
(to be continued)
–
Track Down Extra Money From the Government (KiplingerForecasts.com)
States hold billions of dollars of unclaimed property, and the IRS is sitting on millions in undeliverable refund checks. Some might belong to you.
LA money remains unclaimed in state coffers – Los Altos Town Crier
|
LA money remains unclaimed in state coffers
Los Altos Town Crier, CA - A quick search on the state’s unclaimed property Web site turned up thousands of local citizens for whom the state is holding money. … |
Breakdown: Unclaimed Stimulus Money – WILX-TV
|
Breakdown: Unclaimed Stimulus Money
WILX-TV, MI - Capital Area Community Services will be able to help you get your stimulus money. They can be reached at (517) 393-7077. |
