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Maine State Treasurer announces record year for unclaimed property

Maine State Treasurer announces record year for unclaimed property

Photo: 560 WGAN Newsradio


The Maine State Treasury is sitting on more than $291 million, and some of it might belong to you.

State Treasurer Henry Beck has announced a record year for unclaimed property. That refers to money and other financial assets considered lost or abandoned when an owner cannot be found after a period of inactivity.

It can include bank accounts, uncashed checks, life insurance policies, unpaid wages, stocks and dividends, refunds, and safe deposit box contents.

Beck says the Office of the State Treasurer took in $2.2 million more in assets this year compared to last year. The largest single claim paid this year was $1.3 million. 50,000 claims totaling over $4 million have been paid so far just one month into the current fiscal year.

You can head to maineunclaimedproperty.gov to search for your name or the name of a friend or family member to check for unclaimed property.

There is no fee to process a claim.

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