Unclaimed Property Listings For Massachusetts
Over $30 million in new unclaimed property accounts owed to 40,000 individuals and businesses
BOSTON , March 4, 2011 - What do former Governor Mitt Romney's son, Tag Romney, New England Patriots quarterback, Tom Brady, and Red Sox legend Johnny Pesky have in common? They soon could be netting unclaimed money from the Massachusetts Unclaimed Property Division.
Romney, Brady, and Pesky join 40,000 individuals, charities and businesses that have unclaimed property, according to State Treasurer Steven Grossman. "This is their chance to get it back," Grossman said, "But they need to come forward and claim it. Our goal is to get the people of Massachusetts the money that is owed to them. I urge all businesses and individuals to check the Unclaimed Property list and visit our website at www.findmassmoney.com."
Unclaimed Property includes forgotten savings and checking accounts, uncashed checks, insurance policy proceeds, stocks, dividends and contents of abandoned safe deposit boxes. Most accounts are considered "abandoned" and turned over to the Treasury after three years with no activity. An updated list of unclaimed assets is published biannually as new accounts are turned over to the Commonwealth. There is no time limit to claim unclaimed property and, in many cases, claimants will receive interest.
The newly released list includes nineteen accounts over $100,000, forty-two accounts between $50,000 and $100,000, and more than 1,200 accounts in excess of $5,000. In addition to bank accounts, the new accounts include 1,867 owners of safe deposit boxes, 644 owners of mutual funds, and 5,094 owners of stock.
Since Treasurer Steven Grossman took office on January 19, 2011, this will be his first publication for the Unclaimed Property Division. In the past four years, the Unclaimed Property Division has returned over $230 million and over 3.8 million shares of stock and mutual funds to rightful owners.
In 2010, over 62 million dollars and over 659,000 shares of stock and mutual funds were returned. The Treasury has also employed technology to hold eBay auctions of unclaimed jewelry, coins and other items from safe deposit boxes, garnering over one million dollars for the Commonwealth.
Beginning with the publication's inclusion of 40,000 new names in the Boston Globe on Sunday, March 6, 2011, citizens will have the opportunity to identify any unclaimed funds. The same insert will be printed in the Boston Herald on Sunday, March 13, 2011. Local listings of names will appear in the following papers on selected dates between March 23 rd and 25 th, 2011:
Attleboro Sun Chronicle
Cape Cod Times
Daily Hampshire Gazette
Daily News of Newburyport
Dover Sherborn Press
Fall River Herald News
Fitchburg Leominster Sentinel
Gloucester Daily Times
Lynn Daily Item
Malden Evening News
Metrowest Daily News
New Bedford Standard Times
Salem Evening News
Taunton Daily Gazette
Woburn Daily Times
To see if you have unclaimed property, please visit www.findmassmoney.com or call 888-344-MASS (6277). Both the call and website are free of charge. The Unclaimed Property Division will have extended telephone hours from March 7, 2011 through April 16, 2011: Monday through Friday from 8:00 am to 8:00 pm, and Saturday from 9:00 am to 4:00 pm.