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Maine Unclaimed Property

Maine Unclaimed Property is the personal property or money that have not been claimed by an owner for a long time and are held by the State of Maine. Unclaimed property comes under the possession of the state through financial institutions, corporations, insurance companies and other utility companies that may be holding accounts with no activity from the owners for a specified period of time.

Maine Unclaimed Properties

Unclaimed properties are abandoned properties and they can be claimed from the concern state division. Such properties may include unpaid wages, uncashed checks, checking accounts, commissions, certificates of deposit, death benefits, dividends, refunds, stocks, over payments, saving accounts, contents of safe deposit boxes etc. The existence of Unclaimed Property, Money or Funds in Maine is because of a number of reasons, chief among them are relocations, deaths, marriage and divorce. However, you can prevent property from becoming abandoned or unclaimed by adhering to certain principles.

Unclaimed Property Record

Keeping a record of all your bank accounts, stock certificates, utility deposits, etc and making sure that all cash, dividends, checks or other kinds of assets have been received properly will prevent certain kinds of property from becoming abandoned in the state of Maine. While moving to a new place, you can prepare a check list of all accounts that are to be notified about change in your address.

Unclaimed Property Search

Furthermore, in case of marriage, divorce or other legal action, make sure that you have notified properly your bank, broker, employer, doctor, mortgage lender, credit card issuer, attorney, etc about changes in your name and/or address. Unclaimed Money in Maine is preserved by the state until the owner makes a claim. The Office of the State Treasure maintains a comprehensive database of all unclaimed property, which let owners search through it for records of unclaimed money, funds or other assets. Its official website contains search tools and several other pieces of information for owners and holders of abandoned property in Maine.

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