The state of Rhode Island may be small, but it has an outsized amount of natural beauty. From the waterfront mansions of Newport and its world famous folk festival to the stunning natural beauty of its forests and green spaces, the state of Rhode Island is big in the ways that count – friendly people, employment opportunities and the pride of its residents
Whether you grew up in the state of Rhode Island and moved away, moved to the state later in life or consider yourself a lifelong resident, wouldn’t it be nice if you found some money lying around? If you would be excited about finding a $20 bill on the street, just think about how great it would be to find that you had $200 or even $2,000 coming your way?
If you think that could never happen, you might want to think again. As with other states, the state of Rhode Island maintains a comprehensive database of unclaimed property, and if you are lucky some of it just might be yours. Here are the steps you need to take to search for and claim that long lost money.
1.Start your search for unclaimed property at the website the state of Rhode Island maintains for the purpose. The URL for the website is treasury.ri.gov.
2.Click the Programs tab at the top of the page and choose Unclaimed Property from the drop-down list.
3.Enter the required information on the claim form. The only information you have to supply is your first and last name, or alternatively the name of your business for a commercial property search.
4.Click the Search button to begin the search and generate the results.
5.Review the list of results carefully to see if any of the property may belong to you. It can take some time to sort through the results, so take note of things like dates, the names of financial institutions and the spelling of names.
6.Complete a claim form if you think any of the property listed may belong to you. Be sure to submit any documentation required to prove that you are the rightful owner of the property in question.
7.Check back on the claim to see where it is in the process. The amount of time it takes to process a specific claim will vary depending on the workload at the state and the complexity of the claim in question.
8.Enjoy your newfound money.
There are many different reasons why cash and other valuable items end up in the unclaimed property database the state of Rhode Island maintains. When a bank account goes dormant, the financial institution first tries to contact the depositor, but if they are unsuccessful they turn the funds over to the state. If the proceeds of an insurance policy go unclaimed, those too are turned over to the state.
The same is true of tax refunds that go unclaimed or inheritances when the people named in the will cannot be located. All of these items will eventually make their way into the state coffers, but instead of being used as revenue Rhode Island works hard to reunite them with their rightful
owners. Now that you know how easy it is to conduct a search, you can stake your claim today, making life in Rhode Island even sweeter.