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CALIFORNIAUNCLAIMED PROPERTY SERVICES Claim Property

Frequently Asked Questions

The uncomfortable questions first, because those are the ones people are actually asking.

Last reviewed Written from State Controller, State Controller data, Unclaimed Property Law Everything here is checkable without asking us.

Is this a scam?

It is a reasonable question and you should keep asking it — of us and of anyone else who contacts you. California genuinely holds billions in unclaimed property, and the State Controller genuinely publishes the whole database. The State Controller publishes the whole database, and every figure we quote comes out of it. What separates a legitimate service from a predatory one is whether they tell you that.

Why would I pay you when I can do it free?

Often you should not, and we will tell you when that is the case. People hire us when the claim involves securities, a deceased owner, a dissolved company, or a name that has changed twice — situations where the documents are genuinely difficult and a rejected claim costs months.

How much can you charge?

Ten per cent of what is recovered, and not a cent more. Code of Civil Procedure §1582 caps it. (The single exception in the statute is an estate that reached the State through county probate, which sits outside the cap — if that is your situation we will say so before you sign anything, and we will still quote you a fixed percentage in writing.) The same statute requires the agreement in writing, requires it to be signed after we disclose the property and its value, and lets you challenge the agreement as excessive at any time.

When do I pay?

After the State Controller has approved your claim and paid you. Never before. That is not our policy, it is the statute — collecting a fee before payment is prohibited.

How long does it take?

The parts we control take days. The State Controller’s review takes months. Nobody can shorten that, and anyone promising to has told you something untrue.

Do I have to get anything notarized?

If the claim is $1,000 or more in cash, yes. All securities claims and all safe deposit box claims require it regardless of value. We are a commissioned California notary, which is why we handle that step in-house.

Is there a deadline?

No. California places no time limit on claiming. Anyone creating urgency is selling, not informing.

What happened to the contents of my safe deposit box?

They were inventoried and sold at auction. What the State holds is the proceeds. This is the hardest thing we have to tell people, and it is better heard before you start than after.

The owner has died. Can I still claim?

Yes, if you can evidence the chain from them to you — a death certificate, proof of relationship, and either court Letters or a small-estate affidavit. That chain is what the Controller is assessing.

Can you give me legal advice?

No. We are a notary service, not a law firm. We can tell you what the Controller requires and prepare and notarize documents. Whether you are legally entitled to an inheritance is a question for an attorney.

How You Are Protected

Our fee is capped at ten per cent of what is recovered by Code of Civil Procedure §1582, and nothing is owed until the State Controller has paid you. If we recover nothing, you owe nothing. Our recovery fee is never asked for up front — it comes out of money the Controller has already paid you. A booking deposit on an in-person appointment is a separate thing, and is credited back against anything you are charged.

California Unclaimed Property Services is a private asset recovery firm. We are not the California State Controller’s Office.

Sources

This page is written from the public record. Read the originals rather than taking our summary of them.

We are a private firm. We are not the State Controller’s office, not affiliated with it, and not endorsed by it.

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