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State Treasurer: 1 In 10 Residents Is Owed Money But Doesn't Know It

BOSTON (AP) — State Treasurer Deb Goldberg says about one in every ten Massachusetts residents is owed money but may not know it.

The treasurer's office has released its latest list of individuals and businesses with unclaimed property of $100 or more. It could take the form of forgotten bank accounts, insurance proceeds, stocks or dividends and items left in safe deposit boxes.

By law, most abandoned accounts are turned over to the state treasury after three years of inactivity.

Goldberg says more than $3.4 billion in unclaimed property is currently being held by the state. She says more than $125 million was returned to rightful owners last year.

Residents can find out if they are owed money by checking or by calling 888-344-6277.

(© Copyright 2019 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)


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