February 3, 2012
Search For Mississippi Unclaimed Cash – Part 1 of 2
(Part 1 of 2)
The State of MS is home to some of my favorite things in the world – sweet potatoes, rootbeer (invented in Biloxi in 1898), and catfish. MS's Treasury Dept. has also become home to something that's on the top of my list and I suspect yours too – money. Mississippi unclaimed money, to be exact. "Nearly 1 in 5 Mississippians have money representing over $38 million that needs to be claimed," stated MS State Treasurer Tate Reeves in a press release recently. This is certainly great news for the numerous families that suffered hurricane losses in years past, and are now trying to deal 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 causes lost mail and inheritances. Financial notices, tax refund checks and the like get returned to the sender (insurance companies, the IRS, banks, etc.). As stated by 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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California helps owners of
Hundreds of folks with
Mass. treasurer says
For local municipalities, it’s the equivalent of finding
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.
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