Millions of dollars in unclaimed property in Maine is waiting to be collected

AUGUSTA, Maine (WMTW) – Thousands and thousands in unclaimed property is ready for its proprietor. In Maine, 2022 marks a document yr for unclaimed property, the state’s treasurer Henry E. M. Beck introduced.

The Workplace of the State Treasurer describes unclaimed property as “…property (that) consists of cash and different belongings which might be thought of misplaced or deserted when an proprietor can’t be situated after a specified interval of inactivity.”

Objects that could possibly be present in unclaimed property embrace financial institution accounts, uncashed checks, unpaid wages and secure deposit field contents.

Animals, actual property or autos will not be included in unclaimed property.

Yearly, hundreds of thousands are turned over to the state by those that can’t find the right homeowners.

As of June 30, there may be $291.3 million in unclaimed funds in Maine, with over 5 million accounts.

The treasury workplace says the common quantity for individuals who have a declare involves $531. The most important private declare between July 1, 2021, and June 30, 2022, was $1.3 million.

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