What Exactly is Unclaimed Property/Money?


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Facts About Unclaimed Property/Money.

California unclaimed funds

What is Unclaimed Property/Funds?

Unclaimed property is any financial asset abandoned for a specific amount of time. Property that is abandoned or forgotten can come in many different forms.

Billions of Dollars Owed to Americans

An estimated $70 billion worth of unclaimed property is being held by state treasurers, according to the National Association of Unclaimed Property Administrators.

When Do Funds Become "Unclaimed"?

Unclaimed property is generally defined as any financial asset left inactive by its owner for a period of time, typically three years. 

1 in 7 Americans Are Owed

Over 30 million people in the United States have money or other assets in their name that they forgot about or never knew existed, according to the National Association of Unclaimed Property Administrators.

Meet CoFounder & Head of Asset Recovery.

Get to know the mind behind the ministry which drives our vision and mission forward.

GABRIEL THORNTON

CO-FOUNDER

READ BIO
Short Bio - Introduction

Gabriel M. Thornton

Growing up outside church, I found my way alone as a teenager. Discovering Jesus transformed my life, and God bestowed a prophetic gift upon me. Despite this, I never felt compelled to pursue ministry.


My journey shifted towards entrepreneurship. I founded a marketing agency, collaborating with numerous business owners. The world of business became my canvas, and success followed. However, a deeper calling tugged at my heart.


Everything changed when I met Crystal. Her presence ignited a passion for ministry within me. The divine encounter led me to reevaluate my path. Now, my entrepreneurial spirit merges with a newfound purpose — to serve God and others in a ministry that combines faith and business.


This unexpected twist in my life's narrative reflects the profound impact of faith and the transformative power of divine connections.

How The Process Works:

1. Contact us

Contact us and book a Discovery call that is convenient for your schedule.

2. Discovery Call

Over video chat we'll show you your file given by the State of CA and will answer any final questions.

3. Initial Forms

If you choose to work with us, we will email you initial forms to notarize and send back to us.

4. Remaining Docs

Once initial documents are signed & notarized, we will then ask for final docs needing to be emailed to us.

5. Send Packet

Once all forms are sent over to us, they will be mailed directly to California's State Controller's Office.

6. You Get Paid

If no other documents are needed from the state, you will receive a check in the mail.

Frequently Asked Questions (FAQs)

See some common questions and answers below.

  • What is unclaimed funds?

    Unclaimed property is any financial asset abandoned for a specific amount of time. Property that is abandoned or forgotten can come in many different forms. Some of the most common unclaimed “assets” include the following: 


    • Checking or savings accounts
    • Investment instruments, such as stocks, bonds, or brokerage accounts
    • Life insurance proceeds
    • Dividends and interest payments
    • Gift certificates
    • Uncashed checks 
    • Refunds 

  • What is an “Investigator"?

    Investigators (sometimes referred to as “asset locators” or “heir finders”) are individuals or companies that offer to search for unclaimed property and file claims on behalf of owners and heirs. It is against the law for investigators to charge a fee greater than 10 percent of the value of the property returned to owners. There are no fee restrictions for investigators filing for owners or heirs of county probated estates.

  • How does the state get unclaimed property?

    California law requires corporations, businesses, associations, financial institutions, and insurance companies (referred to as “holders”) to annually report and deliver property to the State Controller’s Office if there has been no activity on the account or contact with the owner for a specified period of time (generally three years).


    Contact is often lost when the owner forgets the account exists or moves and does not leave a forwarding address. In some cases, the owner dies with heirs who have no knowledge of the property.

  • What is the status of my claim?

    In many states, you can view the status of your claim by visiting the individual website of the state where the property is being held. Otherwise, you will need to contact the state directly to inquire about the status of your claim. In either case, be prepared to provide your claim number.

  • What are different examples of unclaimed funds?

    • Checking or savings accounts
    • Investment instruments, such as stocks, bonds, or brokerage accounts
    • Life insurance proceeds
    • Dividends and interest payments
    • Gift certificates
    • Uncashed checks 
    • Refunds 
    • Safe deposit box contents, including tangible personal property
    • Annuity accounts or payments
    • Escrow or trust accounts or distributions 

  • How much do you charge?

    If you decide to work with us, we ask for 10% of funds we have helped you claim.

  • Do I have to work with an Investigator to claim my funds?

    Searching and claiming property through the State Controller’s Office’s website is always free at claimit.ca.gov.

  • What is the correct number for the Controller's office?

    Please contact the State Controller’s Office, Unclaimed Property Division, at (800) 992-4647 for assistance.

Contact Us For Immediate Assistance:

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