(Part 1 of 2)

The State of Mississippi is home to some of my favorite things in life – catfish, sweet potatoes, and rootbeer (invented in Biloxi in 1898). Mississippi's Treasury Dept. has also become home to something that's on top of my list and I suspect yours also – money. Mississippi unclaimed money, to be precise. "Nearly 1 in 5 Mississippians have money representing over $38 million that needs to be claimed," stated Mississippi State Treasurer Tate Reeves in a press release recently. This is clearly good news for all of those families that suffered hurricane losses in years past, and are now dealing with major setbacks in their budgets.

When people pass away or move to a new home, they often don't remember to leave a forwarding address or a will and this results in lost inheritances and mail. Financial notices, tax refund checks and similar items get returned to the sender (banks, insurance companies, the IRS, etc.). According to Treasurer Reeves, "They are required by state law to turn them over to the Treasurer's Office after a dormancy period. After that dormancy period is over, they turn it over to the state. We put a book out every three years and send it out through various media,".

(to be continued)

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