- Andrew Napolitano
- Sep 17, 2021
- 2 min read
Treasurer Goldberg Announces Latest Release of Unclaimed Property Listings
Over 49,000 New Properties are Owed to Individuals and Businesses
Massachusetts State Treasurer Deborah Goldberg today announced the latest grouping of names that have been added to the state's list of unclaimed property owners. Over 49,000 new properties worth millions of dollars are owed to individuals and businesses throughout the Commonwealth.
"We currently hold over $3.4 billion in unclaimed property at Treasury and it could be yours," said State Treasurer Deborah B. Goldberg. "One in ten Massachusetts residents are owed money. Call our office today to begin the claims process."
Unclaimed property includes forgotten savings and checking accounts, un-cashed checks, insurance policy proceeds, stocks, dividends, and the contents of unattended safe deposit boxes. Most accounts are considered abandoned and are turned over to the state after three years of inactivity. Last year, Treasury processed over 120,000 claims and returned over $139 million in property to its rightful owners.
This newly released list includes only individuals and businesses with unclaimed property over $100. Treasurer Goldberg urged all citizens to check the comprehensive list for all amounts at www.findmassmoney.com or call our live call center at 888-344-MASS (6277).
The full list of the new individuals and businesses added to the unclaimed property list was published in the Boston Globe on September 12th and will be published in the Herald on September 19th. In addition, the list of names will be published in regional and local papers.
The Treasury releases an updated list of unclaimed property assets every six months as the new accounts are turned over to the Commonwealth. There is no time limit for a person to claim this property and, in many cases, claimants will receive interest.
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It's truly eye-opening to see that over $3.4 billion in unclaimed property is held by the Massachusetts Treasury, with one in ten residents potentially owed money. This statistic really underscores how easily forgotten accounts or uncashed checks can accumulate, not just in MA but across the country. It's a common issue that highlights the importance of staying on top of our financial records. While this article does an excellent job guiding people to reclaim their funds, it also makes one wonder about proactive steps to prevent such situations and generally improve financial oversight. For those looking to go beyond just reclaiming forgotten assets and explore broader practical personal finance strategies, there are many valuable resources available.
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