This week marks a significant milestone for many Mainers as the state successfully verified the addresses of over 44,000 residents who are entitled to unclaimed property. This effort is part of a broader initiative to return money and assets that have been held by the state to their rightful owners.
Starting this week, these Mainers will begin receiving checks in the mail. The amounts vary widely, ranging from as little as $10 to several thousand dollars. While the checks will provide a welcome financial boost for many, they represent only a fraction of the unclaimed property currently held by the state.
Unclaimed property can include a variety of assets such as forgotten bank accounts, uncashed checks, life insurance policies, unpaid wages, stocks, and even the contents of safe deposit boxes. According to the state treasurer, Maine is currently holding on to $343 million in unclaimed property, awaiting rightful owners to come forward.
The recent verification of over 44,000 addresses is a step towards reuniting residents with their lost funds. For those who will soon receive their checks, the arrival will be a pleasant surprise. However, there are still many Mainers with unclaimed property waiting to be discovered.
The state continues to encourage all residents to check for any unclaimed property in their name and to come forward to claim what is rightfully theirs. If you haven’t checked recently, now is a good time to visit the state’s unclaimed property website and search for your name. You might find that you, too, have money waiting to be claimed.
Click here to check if you are owed money from ME.
If you want help claiming your funds use Been Verified.