Tag: unclaimed

How to find and take your unclaimed property money in CA
Money

How to find and take your unclaimed property money in CA

If you’re trying to get a head start on a New Year’s resolution to save more or pay off your credit card, California might be able to help.The state might have your money. That’s because the state controller’s office holds onto billions of dollars in unclaimed property.What is unclaimed property and how does the system work?What is unclaimed property?Unclaimed property is a type of financial asset that’s inactive for usually three years. It can be anything from bank accounts to estates. It doesn’t include real estate in California. The state controller’s office said earlier this year that it had $11 billion in unclaimed property.These are the most common types of unclaimed property, according to the state controller’s office:Bank accounts and safe deposit box contentsStocks, mutual funds,...