No!
From the blog(Ludwig Von Mises Institute) CA is drilling boxes even if the owner is alive and the box rental has been paid.
The program was originally started with the intent of providing a method of handling unclaimed funds but has evolved as a revenue generating source for CA.
They have shortened the time to declare the funds unclaimed and have diminished the notice requirements to enhance the amount of money going to the state.
A safe deposit box in a foreign country is an option. Several tax haven’s have safe deposit and storage facilities for the rich.
No!
From the blog(Ludwig Von Mises Institute) CA is drilling boxes even if the owner is alive and the box rental has been paid.
The program was originally started with the intent of providing a method of handling unclaimed funds but has evolved as a revenue generating source for CA.
Wow.. ok. Thanks for the clarification.
They have shortened the time to declare the funds unclaimed and have diminished the notice requirements to enhance the amount of money going to the state.