Senator Dana Dow (R-Lincoln) has announced the addition of $12.1 million to Maine’s Unclaimed Property Fund. This property consists of financial assets that have gone unclaimed by their owners. The last known owner’s information is now available on the state treasurer’s website: www.maine.gov/upsearch. In total, the state treasurer has more than $249 million of unclaimed property from over 67,000 individual properties.
Senator Dow urges residents of District 13 to search their names for missing property that rightfully belongs to them.
Unclaimed Property consists of cash and other financial assets that are considered lost or abandoned when an owner cannot be located after a specified period of time. It includes, among other items, checking accounts, certificates of deposit, over payments, gift certificates, paid-up life insurance policies, unpaid wages, uncashed checks, death benefits, dividends, insurance payments, refunds, savings accounts, stocks and contents of safe deposit boxes. Unclaimed Property does not include real estate, animals or vehicles.
Millions of dollars are turned over annually to the treasurer of Maine by entities who cannot locate the owners. If your name is on the list, file your claim electronically at www.maine.gov/upsearch. Also, be wary of scammers, you do not need to pay anyone to file your claim as filing a claim is both easy and free.