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Unclaimed Property

8/1/2019

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Hey! I just found $30 of unclaimed money from Kaiser Foundation Health Plan!! sitting on the Unclaimed Property Website of the California State Controller’s office YAY♥
 One of the best feelings is finding money you didn’t know you had whether it's on the street or in the pocket of an old pair of jeans, in the washing machine or dryer,  finding money feels like you have won the lottery.
So, what is Unclaimed Property?
Unclaimed Property is generally defined as any financial asset that has been left inactive by the owner for a period of time specified in the law, generally three (3) years. The California Unclaimed Property Law does NOT include real estate. Unused gift certificates are also generally excluded from unclaimed property and are not sent to the State as unclaimed property. The most common types of Unclaimed Property are:
 
  • Bank accounts and safe deposit box contents
  • Stocks, mutual funds, bonds, and dividends
  • Uncashed cashier’s checks and money orders
  • Certificates of deposit
  • Matured or terminated insurance policies
  • Estates
  • Mineral interests and royalty payments
  • Trust funds and escrow accounts
 
While finding money might seem like a fluke there is actually billions of dollars sitting with state governments right now. The cash comes from uncashed paychecks, forgotten bank accounts, unclaimed refunds, and insurance payments that were never collected. After a company or financial institution loses touch, that cash is considered abandoned and is handed over to the state government until it's claimed.
 
How Do I Find Out If You Have Unclaimed Property? 
 
Search here, to find out. https://www.sco.ca.gov/upd_msg.html
 
Follow the prompts, if you do have unclaimed property or funds, there will be options on claiming your funds electronically or paper. Each state has its own rules about filing a claim online or by mail. If the money is over a certain amount, the state may require the claim form be notarized. Check your unclaimed money status today If you decide to print the paper claim form there will be an area you need to sign In front of a #Notary (that’s where I come in) print it and bring it to me to have it notarized , mail it off. That’s IT!!! Simple
 
Good Luck! and hope you find some unclaimed money 😊
 

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