The California State Controller's Office oversees approximately $14 billion in unclaimed property, with an estimated one in seven individuals across the nation possibly having unclaimed assets. Unclaimed property includes various financial assets that have remained inactive for three years, such as bank accounts, stocks, and uncashed checks, but excludes real estate. Californians can search for unclaimed property via the Controller's website and learn how to file a claim to retrieve their assets.
One in seven people has unclaimed property, according to the National Association of Unclaimed Property Administrators. Each state tries to return this property to rightful owners.
Unclaimed property in California is defined as any financial asset left inactive by its owner for three years, including bank accounts and stocks.
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