These laws are designed to protect unclaimed property and help return it to its rightful owner or heir. A holder is an organization - bank, insurance company, business, etc. If they are unsuccessful, must to report the names and the last known address of the owners to the State Treasury. The Treasury then publishes these names in newspapers throughout the state once a year and maintains the list on this web site. While unclaimed assets are deposited in the Massachusetts General Fund on an annual basis, owners can always claim their financial assets at any time.
All funds accrue interest until claimed.
It is important to keep a list of institutions, which hold or manage your money and make sure they have your current address. An heir finder can assist an abandoned property owner in claim filing process. The State Treasury can provide this service free of charge.