Unclaimed property is any financial asset that has been left inactive by the owner.
The most common types are savings or checking accounts, stocks, dividends, uncashed checks, certificates of deposit, matured or terminated insurance policies, and safe deposit box contents. Unclaimed Property may also include estates. California's Unclaimed Property Law does NOT cover real estate. Often the owner forgets the account exists, moves and does not leave a forwarding address or the forwarding expires. In some cases, the owner dies and the heirs have no knowledge of the property.