State Treasury Reunited 8,860 People with $11.7 Million
in Unclaimed Property in FY16
The Office of Rhode Island General Treasurer Seth Magaziner
reunited 8,860 people with $11.7 million in unclaimed property in the fiscal
year that ended on June 30, 2016.
"At the Treasurer's Office, we work hard every day to
reunite Rhode Islanders with money and other unclaimed property that is
rightfully theirs," General Treasurer Seth Magaziner said.
"Many of the claims we process average a few hundred dollars, which helps a working family to buy groceries and fill the gas tank. If there's money out there with your name on it, we want to put it in your pocket."
"Many of the claims we process average a few hundred dollars, which helps a working family to buy groceries and fill the gas tank. If there's money out there with your name on it, we want to put it in your pocket."
Rhode Island Treasury's Unclaimed Property Division collects
money and other tangible and intangible assets that get lost or abandoned, for
the purpose of returning it with its rightful owner.
Unclaimed property can include money left in old bank accounts
and safe deposit boxes, uncashed paychecks, unused gift certificates,
unreturned utility deposits, uncollected insurance payments and forgotten
stocks and dividends.
In total, Treasury oversees more than $265 million of unclaimed
property waiting to be reunited with Rhode Islanders across the state.
Warwick resident Harriet Landesberg was recently reunited a decades-old life insurance policy that she had forgotten existed. The 104-year-old was unaware she was owed about $5,000 in benefits until a family member saw her name during a search of the unclaimed property database.
Reclaiming unclaimed property is free and easy to do when you
click the 'Unclaimed Property' button on the front page of the Rhode Island
Treasury website, www.treasury.ri.gov.