Henry Beck acknowledges applause after he was elected to be the state's next state treasurer, Wednesday, Dec., 5, 2018, at the State House in Augusta, Maine. Credit: Robert F. Bukaty/AP photo

Maine State Treasurer Henry Beck’s office is currently holding over $292 million in unclaimed property.

What is unclaimed property?

According to the Office of the Maine State Treasury, unclaimed property consists of money and other financial assets that are considered lost or abandoned, when an owner cannot be located after a specified period of time. The items include bank accounts, uncashed checks, life insurance policies, unpaid wages, stocks and dividends, refunds, and safe deposit box contents. Unclaimed property does not include real estate, animals or vehicles.

Each year, millions of dollars goes unclaimed by Maine residents, according to Beck. The treasurer’s office holds these assets free of charge until claimed by its owners. In November, 1,397 claims were made against unclaimed property totaling $842,384.83 in payments to Maine people. The highest single claim paid in November was for $203,000.

You can go to maineunclaimedproperty.gov if you suspect you have unclaimed property.