California holds $10 Billion in lost money

Published on

 

CA Lost money

STATEWIDE – The state of California is holding over $10 billion in unclaimed property – not including real estate, that in many cases residents can claim online without any additional work. People are encouraged to check the online database to see if they have any lost money or other valuables.

“One in three Californians who visit the site have property to claim,” said California State Controller Press Secretary Jennifer Hanson. “We just need to prove identity and ownership.”

Uncashed paychecks, inactive bank accounts, insurance benefits, and safe-deposit box contents are some of the claims that can be found in the database. Also when a company has money that belongs to you but doesn’t hear from you for years, that money is reported to the state through a process known as escheatment. 

Sometimes the properties are very small – less than $25. However, according to Hanson, there have been people who find out they had hundreds of thousands of dollars. 

When searching the database try common misspellings of your name. If someone entered it incorrectly, that could be the reason it ended up at the state controller’s office. Then, match it up and see if it links to an address you have lived at to see if it might be your lost money.

In addition to searching the database at the state controller’s office, you can also look at San Bernardino County’s website for an unclaimed property tax refund. With certain exceptions, taxpayers generally have four years to file a claim for the refund.

To search for an unclaimed property with the state of California visit https://ucpi.sco.ca.gov/en/Property/SearchIndex

To search for an unclaimed property tax refund with San Bernardino County visit https://www.sbcounty.gov/atc/pirfnet

spot_img

Latest articles

Heat advisory issued for Inland Empire with temps of 95–104°F expected

INLAND EMPIRE – The National Weather Service (NWS) has issued a heat advisory for...

Four-way flashing signals on 7th Street in Victorville scheduled for July 10 and July 11

VICTORVILLE – The City of Victorville announced that repairs along 7th Street will require...

Young visitors can earn a free Old Spaghetti Factory meal with the County Museum’s Summer Passport

SAN BERNARDINO COUNTY – San Bernardino County Museum (SBCM) announced the launch of its...

CA secures $750,000 settlement with AwesomeCalls for unlicensed investment advice

CALIFORNIA – California Attorney General Rob Bonta announced a $750,000 settlement, July 7, with...

More like this

SoCal dad wins $5 million from scratcher while giving his wife some ‘mommy time’

CALIFORNIA – California Lottery announced, June 18, a California dad won $5 million from...

California launches $20,000 mortgage relief grant program for disaster survivors

CALIFORNIA – Governor Gavin Newsom announced that California is launching the CalAssist Mortgage Fund...

Bill that would allow inactive crypto wallets to be seized as unclaimed property passes CA Assembly

CALIFORNIA – Assembly Bill 1052 passed the California Assembly, 78-0, on June 3, allowing...