CA Unclaimed property policy has conflict, needs improvement, state report says

California’s potential liability for unclaimed property currently exceeds $7 billion. However, state officials estimate the actual liability is around $850 million because some of the assets are untraceable or because the owners may have died or moved to another state, reducing the likelihood of a claim being filed, the report stated.

Read the full article at the link below - 

http://www.latimes.com/local/political/la-me-ln-unclaimed-property-program-has-conflict-needs-improvement-state-report-says-20150210-story.html