July 31, 2010
Search For California Unclaimed Cash – Part 1 of 2
(Part 1 of 2)
The state of California’s unclaimed property department takes in about three hundred million dollars each year. Why should you care? Well, if you or someone you know is or was a resident of the Golden State (or ever had any type of business dealings, whether you knew it or not), a chunk of that massive pile of Cali lost assets could very well belong to you!
Under the California unclaimed property (or escheat) law, missing money like 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 handed over to the Treasury Department 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 unclaimed monies then head to the CA unclaimed property div, where they stay in the state’s general fund until they are returned to the people they truly belong to. This is where state employees who handled Cali unclaimed cash were criticized recently. Seems that they have been all to happy to locate and take hold of the lost assets from the various establishments holding on to them but but weren’t so keen on contacting the owners in the Cali unclaimed funds list.
(to be continued)
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Woman Finds Money Left Behind By Late Mother
News 5 helps a local woman find unclaimed funds left behind by her mother, who passed away 11 years ago.
Find Unclaimed Money or Property that Belongs to You [Personal Finance]
# personalfinance The phrase “unclaimed money” may sound like the beginning of any number of spam email you’ve received and deleted, but unclaimed money and property are out there, and finding out whether you’re owed either is just a few web searches away. More









