Unclaimed-Funds.com

This blog has mentioned the legal mess surrounding California’s unclaimed property program before, but it seems there is no end in sight. After a recent ruling that took the side of people who are owed a share of the CA unclaimed funds, the citizens, and took the position that the state had handled lost assets improperly, lawyers for state politicians rushed to try to stop the bleeding, as this will greatly affect the state’s ability to (wastefully) spend money. Sure, California politicians will always find a way to tax and spend, but they were counting on taking money owed to citizens and blowing it as well.

Here’s what happened a couple of weeks ago:

Attorneys for California’s controller are in court trying to head off a ruling that could cost the state millions of dollars. It all stems from the state’s handling of billions of dollars in unclaimed property, taken from taxpayers without notice.

Generally unclaimed money becomes “unclaimed” because it is difficult to contact the rightful owner for one reason or another, but more often than not it relates to a change of address in one way or another. It is generally recommended that the citizens learn how to search for missing money on their own because the states are simply incompetent when it comes to this matter.

California is in a league of its own!

“In our case, they took 200 shares of GE stock, and sold it. We’ve been at the same address for 34-years, but they couldn’t find us.“

This is NOT an isolated incident, and it is exactly the sort of nonsense that makes it all the more clear that residents of any state, but California especially, need to know how to search for their own forgotten funds if they are truly intent on tracking them down.

California is making desperate moves to prevent people from reuniting with their cash. Don’t let them keep yours! This legal battle is far from over and the only way to ensure you don’t forfeit money owed to you as this drags out, is to locate it yourself and claim it ASAP.

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