February 2, 2009

Abandoned Assets in California – Part 2 of 2

(Part 2 of 2)

One of the primary reasons for the government’s inability give back forgotten money to residents, they claim, is the fact that they cannot be located. The issue is, would would ever think that people like ZsaZsa Gabor, Angelina Jolie, Victoria Beckham, Gerri Halliwell, Brad Pitt, Keanu Reeves, Jennifer Lopez, Adam Sandler and Marlon Brando would be hard to find? Those names and the names of several other famous people are just a few of the names in the Cali missing money database and yet they have never been contacted by the employees in the California Unclaimed Money Division. They are all owed checks for unclaimed money by Cali amounting from hundreds to the thousands in Ms. Jolie’s case. This proves once again Cali state employees’ interest in holding this money in the general fund for use in balancing the budget deficits for as long as they can. As a matter of fact, there was recently a ruling by a federal judge on CA abandoned money, stating that the state was not trying hard enough to return it to its rightful owners and has temporarily halted the ability of the state to take and hold it until a new policy of returning it to the actual owners was adopted.

The total amount of unclaimed money in California averages $5 billion annually – imagine the amount of interest this earns for the state! Sacramento attorney Bill Palmer who has represented numerous cases involving CA unclaimed money, has said that the state’s program was supposed to be a lost and found for California residents. Instead, it was turned into a profit making ‘business’ in recent years.

The hold on the seizure of property by California has recently been removed and the new CA State Controller, John Chiang, is making extra efforts in the form of sweeping changes in improving how his office handles 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 perform a thorough search for them.

$1 Billion Waiting In Unclaimed Funds (News Channel 5 Cleveland)
Check the list of unclaimed funds to find out if you have money due to you.

Ohioans Seek Slice Of the Stimulus Pie – Washington Post
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=Tct=us/3i-0fd=Rurl=http://www.washingtonpost.com/wp-dyn/content/article/2009/02/01/AR2009020101978.html%3Fhpid%3Dtopnewscid=1300026254ei=aLSHSdvXOKaowAH61OHxCAusg=AFQjCNEsIw2SdA4pyPRdW7rYGXo_UJkcuAimg src=http://nt2.ggpht.com/news?imgefp=0uPsMnZiD24Jimgurl=media3.washingtonpost.com/wp-dyn/content/photo/2009/02/01/PH2009020102105.jpg width=80 height=60 alt= border=1brfont size=-2Washington Post/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/3-0fd=Rurl=http://www.washingtonpost.com/wp-dyn/content/article/2009/02/01/AR2009020101978.html%3Fhpid%3Dtopnewscid=1300026254ei=aLSHSdvXOKaowAH61OHxCAusg=AFQjCNEsIw2SdA4pyPRdW7rYGXo_UJkcuAOhioans Seek Slice Of the Stimulus Pie/abrfont size=-1font color=#6f6f6fWashington Post,nbsp;United Statesnbsp;-/font nobrFeb 1, 2009/nobr/fontbrfont size=-1Much of the bmoney/b will go straight to state governments according to long-standing Washington formulas. But billions more are bunclaimed/b, b…/b/font/div/font/td/tr/table

100 million pounds unclaimed in Wales (NewsWales)
One hundred million pounds of benefit money is currently unclaimed across Wales. One in three people have not claimed cash owed to them. A hotline has been opened in Cardiff to claim the money which is due for help with rent and coucl tax and has already received well over a thousand calls.

Do You Have Unclaimed Property? – WCAX
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/0-0fd=Rurl=http://www.wcax.com/Global/story.asp%3FS%3D9773602%26nav%3D4QcScid=0ei=aLSHSdvXOKaowAH61OHxCAusg=AFQjCNEyoz-RwhfIECijI6sZumJuNOjLdADo You Have bUnclaimed/b Property?/abrfont size=-1font color=#6f6f6fWCAX,nbsp;VTnbsp;-/font nobr5 hours ago/nobr/fontbrfont size=-1You may have bmoney/b you don#39;t know about and the state of Vermont wants to return it to you. It#39;s called bunclaimed/b property. The property could be forgotten b…/b/font/div/font/td/tr/table

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