Meg Smith is the Chief of the Unclaimed Property Branch. Unclaimed Property is generally responsible for maintaining more than 1 million records of unclaimed property in the protective custody of the State Treasurer. This program is defined in N.J.S.A. 46-30B, et seq.
Property is defined as monies, deposits, refunds, stocks, insurance payments, etc.
The Claims Processing Unit validates a claim for property held by us, and processes payment, with interest. Each year an average of 20,000 claims are received. If the search for heirs is unsuccessful, the administrator turns over the proceeds to the State, minus estate expenses and statutory fees.