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Unclaimed Money Massachusetts

MASSACHUSETTS HAS RETURNED MORE THAN $2 BILLION IN UNCLAIMED PROPERTY TO ITS RIGHTFUL OWNERS.

Unclaimed Money Massachusetts
Nearly the previous six months, the Massachusetts State Treasury has discovered hundreds of thousands of new individuals, charities, and corporations entitled to over $60 million in Unclaimed Money. The Treasury will publish in newspapers a list of people identified as owing more than $100 in the last six months as part of an effort to recover the funds.
“This is only the tip of the iceberg,” says the author. While it contains around 51,000 names, Treasurer Steven Grossman, who supervises the Unclaimed Property Division, stated that “this is merely a fraction of the individuals, businesses, and organisations that we have on record.” “This isn’t government money.” It belongs to the Commonwealth’s citizens. We wish to take every possible action to reclaim the unclaimed property for its rightful owners.”
Forgotten savings and bank accounts, un-cashed cheques, insurance policy proceeds, stocks, dividends, and the contents of unattended safe deposit boxes are all examples of unclaimed property. After three years of inactivity, most accounts are considered unclaimed and transferred over to the Treasury for safety. In addition to the $60 million discovered by the Treasury in the previous six months, the Commonwealth is holding approximately $2 billion in trust until the true owners can be found.

How Much Unclaimed Money in Massachusetts?

It can be difficult to pinpoint how much the unclaimed property is in each state because the amount is constantly in flux with the property being claimed each day and other property being reported. However, there is currently more than $2 billion in unclaimed property in Massachusetts. Of course, the people of Massachusetts may be entitled to a lot more unclaimed property since they may also have unclaimed assets in nationwide locations or other states. When looking at the United States as a whole, there is a massive amount of unclaimed property available. According to the National Association of Unclaimed Property Administrators (NAUPA), a nationwide organization devoted to caring for unclaimed property, around $42 billion in unclaimed property in the United States.
Massachusetts operates an unclaimed money finder at www.findmassmoney.com: The state database has information for all of Massachusetts’ fourteen counties: Barnstable, Berkshire, Bristol, Dukes, Essex, Franklin, Hampden, Hampshire, Middlesex, Nantucket, Norfolk, Plymouth, Suffolk, and Worcester. Therefore, you only need to run a single search to search the entire state.
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Is There Unclaimed Money In Your Name?

The government may have as much as $58 billion in unclaimed money. Find out if some of it may belong to you or someone you know!