NJ holds $5.9 billion in unclaimed assets – search your name
In just one year, the New Jersey Treasury Department’s Unclaimed Property Administration returned a record $163 million in assets to rightful owners.
The office still has billions of dollars in unclaimed assets in its hands, and some may have your name on it.
By law, the state must take possession of certain unclaimed property when the owner has not started a business for several years. Common examples include life insurance benefits, forgotten bank accounts, utility deposits and unused cash cards, the Treasury said. One in 10 people in the United States owns this type of unclaimed property.
“We encourage all New Jersey residents to complete the free search on our website. Our staff is ready to help them claim any assets to which they may be entitled,” said Steve Harris, unclaimed property administrator.
You can search by name for free using this form and narrow the search by adding your location. Try using past addresses if an initial search is empty. There are other services that charge you a fee in order to search for potential assets.
More than 224,000 new assets have been reported to the state this year alone. Each year, the administration publishes its list of new assets in New Jersey newspapers. It also organizes awareness events.
The Authority currently protects assets with a combined value of $5.9 billion.
The $163 million in assets were distributed in fiscal 2022, which ended at the end of June.
Dino Flammia is a reporter for New Jersey 101.5. You can reach him at [email protected]
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