(Part 2 of 2)

Most of the time, people get in their own way of tracking down their unclaimed money by doing things like looking on the wrong sites and searching only one time. Not all unclaimed money sites are the same. Many do not have any actual lost assets records, and even the few that do often contain mostly outdated data. Even official state records are often inaccurate due to the fact that they are not updated in real time. Given that assets are turned over constantly, and each type has its own dormancy period, a record for a given person's name might not be added to the database until the day, week or month after they search, leaving them with the false impression that they are not owed money.

Although in recent years Rhode Island has stepped up efforts to give back forgotten funds to the true owners, more money keeps coming in than is returned to the owners, so the total will keep on growing, giving every citizen a greater chance of finding a claim. The state simply doesn't have the capability to efficiently locate everyone who has money coming to them so the best thing people from Rhode Island can do is to study how to search like professional finders do, and then use those tactics to maximize their searching abilities.

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Unclaimed Missouri Property
Joplin, MO- Millions of unclaimed cash is finding it's rightful owners. Missouri State Treasurer Clint Zweifel says that 32 million dollars has been claimed in Southwest Missouri over the last six months.That is a record and it's up 31 percent from the previous year. More than 300 thousand people had money that was unclaimed with the office. If you want to see if you have any unclaimed money you …

North Carolina Works Hard to Return

Spare change left at airports makes big impact on TSA
However, there are instances where loose change or other items are left behind and

(Part 1 of 2)

As the smallest state in the country, Rhode Island is justifiably nicknamed "Little Rhody", but there's nothing small about the amount of Rhode Island unclaimed money currently currently sitting in the Rhode Island Office of the General Treasurer. According to the office's web site, the state is now holding in excess of 124 million dollars of the peoples' money, and the only thing preventing people from taking back their money is know-how and the ability to search correctly.

It's easy to understand why people have difficulty accepting the reality of unclaimed money because no one expects they will get free money. But "free" is not really the right term to describe these forgotten funds, because they actually already belong to the residents who can claim them (except in cases where they come from a relative who passed away). So people who shrug off this potential windfall as some sort of myth are doing themselves a great disservice by not recognizing exactly where this money comes from.

According to the Office of the General Treasurer's web site, what follows are some of the most common forms of unclaimed assets in Rhode Island: stocks and dividends, bank accounts, refunds, wages, account receivable credits and payables, insurance payments, safe deposit boxes, credit memos, gift certificates. There are quite a few other types, but those listed are the most common, and each is deemed abandoned or "unclaimed" after a particular number of years of seeing no activity. Once this dormancy period has gone by, the holders have to to hand them over to the state for safe keeping until the rightful owner claims them. The state never actually takes possession of them, so there is not a time limit to claim lost assets.

Even after learning the way in which funds become unclaimed, it's still tough to wrap our brains around the fact that there are hundreds of millions waiting to be found by Rhode Island residents, and tens of billions across the country. It's tough to accept that people have somehow just forgotten about these properties, but the truth is they have. In fact experts estimate that in the United States 7 in 10 people are due a claim. The trouble is knowing how to track down and claim our cash.

(to be continued)

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State gives owners of unclaimed property a chance to retrieve it
Hundreds of folks with unclaimed money – old bank accounts, overlooked stock shares, forgotten refunds – are getting a chance to retrieve it without going through state government.

Tewksbury to receive
Treasurer Steven Grossman Thursday announced that Tewksbury will receive $1,622 for two

The largest pot of

$50,000 lottery prize still
The lone

Medway’s returned

(Part 2 of 2)

Even after learning the way in which assets become unclaimed, it is still tough to wrap our brains around the fact that there really are hundreds of millions waiting to be found by Rhode Island residents, and tens of billions across the country. It is hard to accept that people have somehow just forgotten about these properties, but the fact is they have. In fact it has been estimated that nationally 7 in 10 people are due a claim. The difficulty is knowing how to track down and claim our cash.

More often than not, people get in their own way of finding their unclaimed money by doing things like looking on the wrong sites and searching just one time. Not all unclaimed money sites are equal. Many don't have any real missing money records, and even the handful that do often contain mostly outdated data. Even actual state records are notoriously inaccurate because they are not updated in real time. Given that monies are turned over all the time, and each type has a unique dormancy period, a claim for a given person's name may not be added to the system until the day, week or month after they searched, leaving them with the incorrect conclusion that they are not owed money.

Although in recent years Rhode Island has increased attempts to give back abandoned assets to the rightful owners, more money keeps coming in than is given back to the owners, so the total will continue to grow, giving each citizen a greater chance of finding a claim. The state simply doesn't have the ability to efficiently locate everyone who is owed money so the best thing people from Rhode Island can do is to learn how to search like professional finders do, and then use those strategies to maximize their search potential.

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This week, I'm answering questions from readers, because there's an

Area towns get share of state's unclaimed property
Local towns are among the 124 municipalities receiving a share of the unclaimed property money from the State Treasurer's Office.

Money in mothballs
THOUSANDS of dollars in unclaimed cash is owed to Bayside community groups that do not exist.

(Part 1 of 2)

As the smallest state in the country, Rhode Island is justifiably known as "Little Rhody", but there is nothing little about the amount of Rhode Island unclaimed money currently being held by the Rhode Island Office of the General Treasurer. According to the office's website, the state is now holding in excess of $124 million of the citizens' money, and the only thing stopping people from taking back their cash is knowledge and the ability to search correctly.

It is understandable that people have trouble accepting the reality of unclaimed money because no one expects they can get free money. But "free" is not exactly the correct term to describe these forgotten funds, because they actually already belong to the residents who can claim them (except in cases where they come from a relative who passed away). So people who shrug off this phenomenon as some kind of scam are doing themselves a great disservice by not recognizing exactly where these monies come from.

According to the Office of the General Treasurer's website, what follows are some of the most common forms of unclaimed properties in Rhode Island: stocks and dividends, bank accounts, refunds, wages, account receivable credits and payables, insurance payments, safe deposit boxes, credit memos, gift certificates. There are quite a few other types, but those are the most common, and each kind is found to be abandoned or "unclaimed" after a certain number of years of seeing no activity. Once this dormancy period has passed, the holders are required to hand them over to the state for holding until the rightful owner makes a claim on them. The state will never actually take possession of them, which means there is not a time limit to claim missing money.

(to be continued)

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Passengers leave behind over $400,000 in loose change at U.S. security checkpoints annually

Spare change left at airport checkpoints
Unclaimed money, typically consisting of loose coins passengers take out of their pockets, is turned into the TSA financial office.

Treasure Hunt:aEUR(C)More than 500 Jasper County residents have
By state law, Iowa companies and financial entities are required to report

Treasure Hunt:
More than 500 Jasper County residents have
By state law, Iowa companies and financial entities are required to report

Hometownstations.com-WLIO- Lima, OH News Weather SportsOhio getting more unclaimed money to owners
COLUMBUS, Ohio (AP) – Officials say a state agency celebrating its 30th anniversary has reunited Ohioans with about $830 million they didn't realize was out there.

(Part 2 of 2)

According to the Office of the General Treasurer's website, the following are some of the most common forms of unclaimed properties in Rhode Island: stocks and dividends, bank accounts, refunds, wages, account receivable credits and payables, insurance payments, safe deposit boxes, credit memos, gift certificates. There are quite a few other types, but those listed are the most common, and each kind is found to be "unclaimed" or abandoned after a certain number of years of seeing no activity. Once this dormancy period has passed, the holders are required to hand them over to the state for safe keeping until the true owner makes a claim on them. The state will never actually take possession of them, so there is no time limit to claim lost assets.

Even after hearing about the process by which funds become unclaimed, it's still tough to wrap our brains around the fact that there really are hundreds of millions owed to Rhode Island residents, and tens of billions across the nation. It is tough to accept that people have somehow just forgotten about these properties, but the fact is they have. In fact it has been estimated that in the United States 7 in 10 people are owed money. The trouble is knowing how to find and claim our money.

More often than not, people stand in their own way of locating their unclaimed money by doing things like searching the wrong websites and searching only one time. Not all unclaimed money websites are the same. Many do not have any actual lost assets records, and even those that do often have mostly old data. Even official state records are often not accurate due to the fact that they are not updated in real time. Given that assets are handed over constantly, and each type has its own dormancy period, a listing for a given person's name may not be added to the database until the day, week or month after they searched, leaving them with the false conclusion that they aren't owed money.

Although in recent years Rhode Island has increased attempts to give back missing money to the true owners, more money continues to come in than is given back to the owners, so the total will continue to grow, giving each citizen a better chance of finding a claim. The state simply does not have the capability to efficiently locate everyone who has money coming to them so the best thing people from Rhode Island can do is to learn how to search like pro finders do, and then use those tactics to maximize their search potential.

–

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