Buying Property in California
If you live in the state of California you may be richer than you think. Actually the same could be said regardless of where you live. Unclaimed property is a resource that many people don’t even realize exists and that ignorance could be costing them a small fortune.
Every year people forget about money that is coming to them. Or they may not even realize that they are missing money. There are millions of dollars in unclaimed property in California. Everything from tax refunds that can’t be delivered to insurance proceeds are sitting and waiting for their rightful owners to come get them.
One of the most common types of unclaimed money is dormant bank accounts. The office of unclaimed property in California has a list of names of people along with amounts. These are accounts that have gone untouched for a period of more than ten years. If no one comes to get the money it is deemed unclaimed property in California by the state.
If you don’t know that it exists how can you possibly claim it? The first step is to do a search for your name to see if there is indeed any unclaimed property in California in your name. You can do this one of several ways. The least expensive and most efficient is to visit the Office of the Comptroller. There is a website set-up that has a search feature for people who think they may have unclaimed property in California. It’s secure so that not just anyone can get the personal details of any proceeds that may be coming your way.
After finding your name on the list the next step is to get the money back in your hands. Depending on what unclaimed property you have, you may have to provide specific details. One is proof of identity. Another may be proof of previous address which you can do through several methods.
If you don’t find your own name on the site but a relative’s this is good news too. Tell them that they have unclaimed property in California and direct them to the website. If they don’t have Internet access, invite them over and offer to assist them. You never know, they may feel generous and cut you in for a portion of the loot!
Deceased family member’s names may also appear on the list of unclaimed property in California. If it was someone very close to you, you may be able to claim the money by presenting a death certificate along with any documentation proving you are their heir. If the amount is large it’s probably a good idea to ask a lawyer to assist you with dealing with the unclaimed property in California office. You want to be certain that everything is handled properly so you can claim what once belonged to your family.
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