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

AUGUSTA, Maine (WMTW) - Millions in unclaimed property is waiting for its owner. In Maine, 2022 marks a record year for unclaimed property, the state’s treasurer Henry E. M. Beck announced.

The Office of the State Treasurer describes unclaimed property as “...property (that) consists of money and other assets that are considered lost or abandoned when an owner cannot be located after a specified period of inactivity.”

Items that could be found in unclaimed property include bank accounts, uncashed checks, unpaid wages and safe deposit box contents.

Animals, real estate or vehicles are not included in unclaimed property.

Every year, millions are turned over to the state by those who cannot locate the proper owners.

As of June 30, there is $291.3 million in unclaimed funds in Maine, with over five million accounts.

The treasury office says the average amount for those who have a claim comes to $531. The largest personal claim between July 1, 2021, and June 30, 2022, was $1.3 million.

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