Senator Eric Lesser Announces More Than $19.25 Million in Unclaimed Financial Property for Western Mass Residents
Senator Eric P. Lesser (D-Longmeadow) announced that more than $19.25 million in financial property is unclaimed and available for residents in the First Hampden and Hampshire District. “Many people are pleasantly surprised to learn that the Commonwealth of Massachusetts may actually owe them money,” Senator Lesser said. “I encourage residents to check with the Treasury Department and see if they may have unclaimed property in their name.”
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 returned over $112 million in property to its rightful owners, making Massachusetts the state to return the most money on a per-capita basis.
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.
Residents can check the comprehensive list for all amounts at www.findmassmoney.com or can call the Treasury’s live call center at 888-344-MASS (6277).