|By Paul Feely, The New Hampshire Union Leader, Manchester|
|McClatchy-Tribune Information Services|
They and thousands of others are owed money from the state's Treasury Division -- money they once controlled but later abandoned.
An estimated 20,800 people and businesses -- from
"For many of our claimants, finding their name in the New Hampshire Union Leader list at this time of year is a bit like locating a long lost relative," said
"The recovery process is similar, as the claimant needs to submit documentation proving their identity, although in this case there is a lot less hugging involved. Our staff derives tremendous satisfaction from seeing property owners reunited with funds they had either forgotten about or might not have even known about as a result of having been designated an heir or beneficiary."
Dwyer is serving as commissioner of the Treasury following the resignation of former State Treasurer
The entries on this year's list are varied.
The "found" money could fund several parties if representatives from Massage Party People of
State officials are unlikely to hear from J.D. Salinger. The celebrated author died
The funds come from a variety of sources, according to
"The primary sources of unclaimed funds received are bank accounts, securities and related accrued dividends," said McAnespie. "However we also receive considerable amounts of unclaimed wages, deposits, credit balances and consumer rebates.
In recent years, due to stepped up compliance efforts by
In fiscal year 2014, nearly 3,400 holders of property reported and remitted cash in excess of
During FY 2014, the division returned over
The average claim paid was
"During the most recent five year period, the New Hampshire Abandoned Property Division's annual return rate is approximately 40 percent," said McAnespie. "This is slightly ahead of the national average of 37 percent."
When money remains unclaimed for a period of three years, it is placed -- 'escheats', as McAnespie termed it -- to the state's General Fund.
"However, those assets can be claimed back from the General Fund at any future date when the owner or their heirs at law present a valid claim to the Abandoned Property Division," said McAnespie.
According to the annual report, the treasury division delivered nearly
Over the past 10 fiscal years, approximately
It could take anyone on the list weeks to find out the exact amount they are entitled to receive. People need to call one of the phone numbers listed on the newspaper insert and leave a message with the state Treasury to receive a claim form.
They will eventually be required to send a copy of a driver's license and proof of a
In order to protect people against fraud, the state doesn't list in the newspaper the dollar value of the property, McAnespie said.
"It certainly is similar to hitting the lottery in instances where individuals call and find out they were the beneficiary on a loved one's life insurance policy that they did not know existed," said McAnespie.
"In other instances where they are claiming money from their own bank account or an old uncashed check, it is a pleasant surprise but also a reminder to keep a close watch on their financial assets.
If your name doesn't appear on today's list, that doesn't mean you don't have any property due to be returned to you from past years.
"The names in this year's Notice of Names of Person's Appearing to be Owners of Abandoned Property are only the names of property owners we have received since the publication of last year's list," said McAnespie. "Owners with property reported and advertised in previous years can contact our offices at 271-2621 and the division's staff will be happy to search the entire unclaimed property database on their behalf."
People can also search the website missingmoney.com, to determine if they are owed money from the past, dating back to the 1980s.
(c)2014 The New Hampshire Union Leader (Manchester, N.H.)
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