8/3/2023 0 Comments Find mymoneyBesides functioning as a platform for finding unclaimed funds and property, the website also lets searchers submit a claim and upload the necessary documentation. Interested persons can visit the website to find unclaimed money at any time. The Massachusetts Unclaimed Property Division maintains a publicly accessible online list of unclaimed funds. How To Find Massachusetts Unclaimed Money Interested parties may find unclaimed money using the tools provided by the state agency, including a government list of unclaimed money. In that case, Massachusetts Unclaimed Property Law directs state agencies to transfer custody of the money or financial asset to the Unclaimed Property Division. Suppose all attempts to locate and contact the individual, or their heirs and surviving relatives, fail. Generally, when money belonging to a person remains dormant, the financial institution or service provider has the fiscal responsibility of contacting the owner and reminding them of the money. The state pays out an estimated $110 million to claimants every year. The Massachusetts government is currently the temporary custodian for $2 billion worth of unclaimed property as of December 2021. In many cases, the owner may not know that the unclaimed funds exist until they perform an unclaimed money search. Unclaimed money refers to cash and cash equivalents that have remained untouched by the rightful owners longer than usual. What Is Unclaimed Money in Massachusetts?
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