What Are Unclaimed Properties?
You might just have a California unclaimed property. Up to this date, there are about 6.4 billion dollars worth of unclaimed properties in the state of California. These properties belong to approximate 21.5 million individuals and organizations. These properties are in custody of the California State Controller. Through the Unclaimed Property Law, unclaimed property holders such as business associations, corporations, financial institutions, and insurance companies are required to turn over properties which owners have already forgotten or ignored. The holders of the property must not have communication with their customers for at least three years for their properties to be declared unclaimed. The owners of these properties often forget them or they have moved to another state without claiming their things. Other customers die without their heirs knowing about their unclaimed properties.
How to Find Your Unclaimed Properties
You can access a list where you can find your California unclaimed property. This list is found at the California State Controller’s website at https://scoweb.sco.ca.gov/UCP/. You can find a search option on their site where you can fill in information about you. The database includes properties that have not been claimed by their respective owner for three years or longer. If you cannot find your property in the search results, you can check again on the other days as properties are added to the database on a daily basis. You can also call their call center at (800) 992-4647 (Nationwide) or (916) 323-2827 (Outside US) but only during office hours. You also can send an email to the Office of the State Controller.
More About Unclaimed Properties
The Office of the State Controller can contact the owners of the properties turned over to them. Your California unclaimed property can already be seen on their site as soon as the business holding your property notifies them about the status of your property. However, properties such as inactive accounts cannot be surrendered when the owner still has an active account with the business establishment. You, the owner of the property, or the heirs (in case of death of the owner) can claim the property.
File Your Claim and Get Your Property
After finding your property on their list, you can now file a claim. Make sure you have the necessary proofs to credibly identify you to your property. The State Controller will be your friend in claiming your California unclaimed property.