The State of California is holding over $14 billion in unclaimed property and money. Do you know how to claim your forgotten property?
California’s Unclaimed Property law requires “holders” such as corporations, business associations, financial institutions, and insurance companies to annually report and deliver property to the State Controller’s Office after there has been no customer contact for three years. Instances, such as an owner forgetting an account exists, moving without a forwarding address, or the forwarding order has expired could be considered unclaimed property. In some cases, heirs have no knowledge of the account or property owned by a deceased family member.
To find unclaimed property, visit the State Controller’s Office website and search the Unclaimed Property Database for money that the state may owe you!
When filing a claim, you will need the following documentation:
- A copy of current photo identification for each claimant
- A copy of a Social Security card or a tax identification number for each claimant
- Verification of reported address if different from current address
- Specific documentation relating to the type of property, such as original passbook, cashier’s check, stock certificate, etc.
For other questions or comments, please do not hesitate to contact my District Office at (650) 349-2200