FAQs

What are unclaimed funds?

Unclaimed funds are money and other assets whose owners cannot be located. Unclaimed funds are required to be escheated to the government after a specified period of time.

How did the state get my money?

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

Owner often forget the account exist or move and do not leave a forwarding address. In many cases, the owner dies but heirs who have no knowledge of the property.

Can I file a claim on behalf of deceased relative?

Yes, if you are an heir, trustee, or personal representative/executor/administrator. Contact our claims specialist today for help.

Will I need to pay in advance?

Not with us. We do not require any form of payment from you in advance. No credit card, debit card, or cash are needed for our services.

How does Uncovered Funds get paid?

We are paid on a contingency basis. Our standard fee is 10%, which is automatically deducted by the state and sent in a separate check?

Do I need to pay for a notary or postage?

We will cover the cost of a mobile notary or postal cost. With us you will never need your wallet?

Who will you be handling my sensitive documents?

Our claims specialist will never ask you for any sensitive documents or information. We provide you with the necessary claims form, indexing forms (to attach copies of your supporting documents), and postage so you can send it to the state yourself.