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Downing encourages residents to seek out unclaimed property
July 15, 2015

BOSTON - In partnership with the Unclaimed Property Division of the Massachusetts State Treasurer’s Office and State Treasurer Deb Goldberg, State Senator Benjamin B. Downing (D- Pittsfield) is reminding residents of his Berkshire, Hampshire, Franklin & Hampden District to search for their name within the Divisions’ records.

The Division’s website, www.findmassmoney.com, allows users to search for property and make claims.  This past year over $112 million was reunited with over 45,000 residents, businesses and charities in the Commonwealth.  This coming year, the Treasury is hoping to return even more money to more citizens.

“We are excited to work with the Legislature to reunite constituents with their unclaimed property,” said Treasurer Deb Goldberg. “This partnership is part of our continued efforts to raise awareness about unclaimed property in local communities all across Massachusetts.”

Unclaimed property can take the form of uncashed checks, forgotten checking and savings accounts, stocks, dividends, insurance policy proceeds, and contents of abandoned safe deposit boxes. Most accounts are considered abandoned and are turned over to the Commonwealth after three years of inactivity.

“Today the Treasury brought me a list of more than 4,200 constituents who have forgotten assets sitting in the Unclaimed Property Division,” said Downing.  “In some cases there are thousands of dollars waiting to be retrieved.  It’s easy to contact the Division by phone or online to see if they are holding anything for you.”

For more information regarding unclaimed property, contact the Unclaimed Property Division at 888-344-MASS (6277) or www.findmassmoney.com.  Normal business hours are Monday-Friday, 8:45 am to 5:00 pm EST.  

Downing notes that any citizen who is currently owed more than $250 worth of unclaimed property will soon receive a letter with specific instructions on how to reclaim their property from the Treasury.

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