Missing something? State sitting on a record $80 million of unclaimed property

The Vermont State Treasurer’s Office paid Vermonters a record number of unclaimed financial property last year and Treasurer Beth Pearce wants you to check today to see if any of the remaining $80 million waiting to be claimed belongs to you. Search the state unclaimed property database at MissingMoney.Vermont.gov or by calling 1-800-642-3191.

“Unclaimed property” describes assets such as uncashed checks, lost valuables, forgotten security deposits, misplaced insurance policies, investments, or estates. The contents of abandoned safe deposit boxes are also collected and held in the Treasurer’s Office unclaimed property vault. There are 420,000 individual properties waiting to be claimed. Values range from less than a dollar to $684,098.

“In recent years, we initiated new efforts to locate property and connect rightful heirs with their assets. Last year we paid a record 15,491 individual claims to Vermonters totaling $5.178 million,” said state Treasurer Beth Pearce. “We want to make sure every Vermonter is aware that they may be missing money and that the Treasurer’s Office offers a free service to help claim your cash.”

Each year, the Treasurer’s Office receives property for safekeeping while staff works to return property to its rightful owner. Last year, $10.4 million was added to the state’s holdings, increasing the total amount on hand to $80 million.

Pierce also said Vermonters should be cautious of for-profit enterprises that claim they will locate and recover lost property for a fee. People should first check the state’s database, which is free, before paying for services from other entities.

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