FAQs
You’ve got questions…
and we’ve got answers
We’ve compiled the most frequently asked questions about making a claim in the sections below. Reach out to us directly for immediate assistance Contact Us.
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About Unclaimed Funds
What are unclaimed funds?
Unclaimed funds typically refers to any financial asset that remains dormant for a specific period, usually three years, without activity from its owner.
The most common types of unclaimed assets:
- 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
- Utility account deposits
Why does the state have my funds?
California legislation mandates that entities such as corporations, businesses, associations, financial institutions, and insurance companies must submit an annual report and transfer assets to the state if there’s been no account activity or communication with the owner for a set duration, typically around three years.
Often, contact is severed due to the owner’s oversight of the account or relocation without providing a forwarding address. Occasionally, the owner passes away, leaving heirs unaware of the property’s existence.
Why didn’t the state contact me regarding my funds?
Under California law, holders of unclaimed funds, including corporations, businesses, associations, financial institutions, and insurance companies, must make efforts to contact owners before submitting their property to the state.
These holders are obliged to dispatch a notice to the owner’s last known address, informing them that the property will be transferred to the state for safekeeping if the owner fails to contact them for retrieval.
Before the transfer of property, the state sends notices to all owners, granting them an opportunity to reclaim their property directly from the holder.
Searching for funds
Can I work with an investigator like CA State Funds LLC?
Individuals or firms known as investigators, also termed as “asset locators” or “heir finders,” provide services to locate unclaimed funds and submit claims on behalf of owners and heirs.
How much does an investigator cost?
Investigators charge 10% of the value of the property returned to owners. There are no fee restrictions for investigators filing for heirs of county probated estates.
How do I search for my funds?
The first step is to submit your information through our form.
Claiming Funds
How long will it take to receive payment?
Typically, claims are processed within 180 days. However, claims involving securities may necessitate additional time for researching corporate activity that could impact the security’s value.
How will I receive my payment?
A check will be mailed to your address of choice. Direct deposit is not available for payments related to unclaimed funds.
Can I file a claim as an heir?
Yes, we process claims for heirs. To begin the process simply click on the link below to get started.
CA State Funds 