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Massachusetts Holding $3.4 Billion in Unclaimed Property
04:55PM / Thursday, February 28, 2019
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BOSTON — More names have been added to the state's list of unclaimed property owners. More than 45,000 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 Treasurer Deborah Goldberg. "One in 10 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 123,000 claims and returned over $125 million in property to its rightful owners.
This newly released list includes only individuals and businesses with unclaimed property more than $100. Goldberg is urging residents to check the comprehensive list for all amounts at or call the live call center at 888-344-MASS (6277).
The full list of the new individuals and businesses added to the unclaimed property list will be published in The Boston Globe on March 3 and the Boston Herald on March 10. In addition, the list of names will be published in more than 30 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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