The State of Mississippi is home to a few of my favorite things in the world – sweet potatoes, rootbeer (invented in Biloxi in 1898), and catfish. Mississippi’s Treasury Dept. has also become home to something that’s on top of my list and probably yours too – 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 recent press release. This is clearly 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 relocate to a new place, they often forget to leave a forwarding address or a will and this results in lost mail and inheritances. Financial notices, tax refund checks and similar items get sent back to sender (the IRS, banks, insurance companies, 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,”.
According to a recent report by NBC’s Dateline, a handful of lucky Mississippians were recently reunited with their forgotten funds and it turned out that it was a pleasant shock for the majority of them. A Biloxi, Mississippi resident found out he had $30,000 from an investment his father had forgotten to tell him about before he passed away. A couple who had lost all of their possessions to the recent hurricane got $250,000 from Mississippi unclaimed money. Another woman who was attempting to rebuild homes for her mother and herself got $100,000. Gordon White, was in the middle of building his dream home when Katrina struck and he was forced to live in a trailer, but then got $200,000 from bank stock shares his father had never told him about. One of the largest claims given out yet was to a Vietnam veteran who was forced to retire from his job as a company supervisor due to post-traumatic stress. Turns out that he was owed almost a million dollars from old company stocks he had forgotten about when he retired from said company.
If you or a relative has resided in Mississippi before, chances are good that a part of the $38 million in Mississippi unclaimed money also belongs to you or someone in your family. Search for unclaimed money in Mississippi as well as other states now. The national unclaimed money total now exceeds 35 billion dollars and the cash is just sitting there, waiting for the true owners to step forward and claim it. Doing an online search for unclaimed money can be as easy as putting in a person’s name and other identifying information in a state unclaimed money database. It becomes more confusing however, to do a thorough search in several states – a good idea if you have relatives scattered across the nation. The best thing to do is to first learn the proper and thorough search methods for doing productive unclaimed money searches online.
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