(Part 2 of 2)

The total dollar amount for these funds in CA averages five billion dollars annually – imagine the amount of interest this generates for the state! Sacramento attorney Bill Palmer who has fought in a number of cases involving California unclaimed funds, said the state’s program was created to be a lost and found of sorts for Californians. Sadly, it has been turned into a profit earning ‘business’ in recent years.

The hold on the taking of property by California has recently been lifted and the new CA State Controller, John Chiang, is making extra efforts in the form of widespread reforms in improving how his office deals with California unclaimed money. There is still a great need though for Californians and residents of all other states across the U.S. to learn about the presence of these properties and on how to do a thorough search for them and take back what belongs to them.

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