(Part 1 of 2)

The California’s unclaimed money department takes in roughly $300 million each year. What’s it to you? Well, if you or someone you know is or ever was a resident of the Golden State (or had any kind of business dealings, whether you were aware of it or not), a chunk of that big heap of California unclaimed money could easily belong to you!

Under the state of California unclaimed property law, missing money like forgotten savings and checking accounts, cash and stock dividends, mineral deposits, uncashed checks and money orders, state of California unclaimed tax refunds, salary checks, gift certificates, and other assets are handed over to the Treasury Dept. if the rightful owners don’t locate them within a given time period. This ‘dormancy period’ varies from state to state, but in California it is three years. These forgotten funds then get moved to the California unclaimed property division, where they stay in the state’s general fund until they are returned to the rightful owners. This is where state officials in-charge of the California unclaimed cash were criticized recently. It appears that they were all to happy to track down and collect the lost assets from the various establishments holding on to them but but were less than enthusiastic about locating the owners in the California unclaimed property database.

(to be continued)

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New York Has $9 Billion in Unclaimed Funds: Is Some of It Yours? – Massapequan Observer

New York Has $9 Billion in Unclaimed Funds: Is Some of It Yours? Massapequan Observer, NY - Oct 24, 2008 New Yorkers can find out if they are owed some of the State's $9 billion in unclaimed funds at events across the state in October, State Comptroller Thomas …

Clayton woman reclaims missing money 10 years later – WRAL.com

Clayton woman reclaims missing money 10 years later WRAL.com, NC - Oct 22, 2008 The North Carolina Department of the State Treasurer holds unclaimed property – for example, money from bank accounts, leftover paychecks, old insurance …

IRS has $3 million in unclaimed checks for Missourians (KY3 Springfield)
More than $3 million in money from the government is not going into the pockets of Missourians because the checks can’t find their rightful owner.

Does the IRS owe you money? For some, yes (The Post and Courier)
The Internal Revenue Service said it is looking to find more than 1,000 residents in the Charleston region whose 2007 federal income tax refunds or economic stimulus checks, or both, were returned by the U.S. Postal Service as undeliverable.