Estate Planning and Elder Law Blog

Archive for the ‘Assets’ Category

Found Money Can be a Blessing in a Down Economy

Friday, November 7th, 2008 by Tracey Ingle

A last paycheck that went unreceived. A paid up insurance policy that was forgotten. A dividend check that was sent to the wrong address. Jewelry in a safe deposit box that family didn’t know existed. These are just a few examples of unclaimed assets listed by the Massachusetts State Treasurer. It is estimated that over $200 million worth of “stuff” goes unclaimed each year in Massachusetts alone.

To see if you are among the millions of people in Massachusetts with assets owed to them you can conduct a simple search at the Abandoned Property Division. If you never lived in Massachusetts, or you think you may have abandoned assets in other states, you can search www.missingmoney.com. Not all states register their abandoned property there. If that doesn’t work, check with your state’s Treasurer for how they handle abandoned property.

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