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Unclaimed Estates

February 23, 1990|Clipboard researched by April Jackson and Janice L. Jones / Los Angeles Times; Graphics by Scott Brown / Los Angeles Times

In the case of an unnamed heir, unclaimed estates in California are held in custodianship for 10 years (five years if an heir is named and the estate remains unclaimed). After that, though, the funds become state monies and are transferred directly into Sacramento's coffers. Orange County has a total of 302 unclaimed estates with a total value of $1,725,374. Below is a list of the top 10 by dollar value.

If you would like more information on unclaimed estates, you can call the State Controller's Office, Division of Unclaimed Property Division, toll-free at 1 (800) 992-4647.

Decedent's Dollar Value Controller's Name of Estate Account Number Louis Redmont $131,571 E61497 Isabella Jacobs 117,596 E61708 Verl Porter Holland 77,823 E61964 Frederick Lee Kidd 62,762 E63080 Marie M. Pinckney 56,739 E57420 Wilfred D. Obarr 51,252 E65296 Alexandra B. Hoag 50,977 E65721 Michael A. Stuart 50,381 E63868 Anne Leary 47,922 E52956

Number Orange County Unclaimed Estates: 302 Value of Unclaimed Estates: $1,725,374

CLAIM WHAT'S YOURS California's unclaimed property law requires financial institutions and other businesses to turn over money and other assets to the state after the accounts or property have been inactive, abandoned or lost for five years. The property includes bank accounts; uncashed payroll, refund and dividend checks, and misplaced securities. In many cases, owners simply moved from an area without leaving a forwarding address.

Because the funds are held by the state in perpetuity, legal owners or rightful heirs may claim the money at any time by contacting the State Controller's Office, Division of Unclaimed Property, toll-free, at 1 (800) 992-4647.

Orange County has $9.5 million in 38,500 such accounts. Here is a list of the top 10 in dollar value:

Controller's Amount Account of Number Account 1693988 $37,735 1619336 33,763 1706820 32,145 1623933 27,393 1706806 26,101 5274213 25,761 1536273 25,291 1699599 25,106 170043 24,750 1603040 22,175 1693988 $37,735 1619336 33,763

Number of Unclaimed Accounts: 38,500

Dollar Value: $9,522,292

Source: State Controller's Office, Division of Unclaimed Property

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