Unclaimed Money in the State of Mississippi
According to an estimate, the state of Mississippi is holding more than $31 million as unclaimed money. Unfortunately, most of the people who own this money are not even aware that the money belongs to them. That is the reason these funds are called unclaimed funds. Similarly, there are unclaimed properties as well with the state. The government has entrusted the task of administrating this Mississippi unclaimed money and unclaimed assets with the Office of the State Treasurer. There is a separate Act called the Unclaimed Property Act as well for governing such Mississippi government unclaimed funds.
Mississippi Unclaimed Money
According to the state laws, holders of money such as credit unions, banks, insurance companies, utility companies, retail stores, as business associations have to turn over abandoned assets such as cash, money, stocks, checks, and so on to the Office of the State Treasurer. But the owners of these assets or Mississippi unclaimed cash should not have contacted these entities for five years. There is a separate division called the Unclaimed Property Division that has to locate the actual owners of such money and assets for handing them over to them.
But like other states of the USA, the state of Mississippi does not also have the required resources for carrying out this uphill task. Since many of the owners of the assets or money do not themselves know that these assets or money belong to them, they may not contact the Unclaimed Property Division also. It is in this context service providers play their role to find the actual owners of such assets and money and try to get them what is owed to them. These providers charge a commission or fee for making these services available.
But not all may like to utilize the services of these providers for reasons known to them. They may not like to pay the fees or they may be confident of accomplishing the task of claiming the money or assets themselves. But regardless of these reasons, there are owners who contact the Treasurer's office themselves and try to get what is owed to them and what they have not claimed all these years. But these folks have to follow a few steps to get unclaimed money. Let us find out.
How to Claim Unclaimed Money in the State of Mississippi?
Follow these steps:
These points are worth remembering.1. Not only the actual owners but the legal heirs to the owners of the assets or the money can also claim these funds or assets.
2. If you suspect that there is unclaimed money or there are unclaimed assets that belong to you and if the question "Is the state keeping any money owed to me?" keeps lingering in your mind, you should immediately visit the "unclaimed money search" page on the website of the Unclaimed Property Division of the Office of the State Treasurer and download the claim form.
3. You should fill in the details and submit the form. But you should attach a few documents along with the claim form. The documents you should submit are a copy of the proof of your identity, a copy of the proof of your address, and the details of your Social Security Number. The state insists on these documents because they do not want miscreants to claim and get what is not owed to them.
4. The claim form, along with the above documents, should be sent to the
Office of the State Treasurer
Unclaimed Property Division
1101 Woolfolk Building
501 North West Street
Jackson, MS 39201
Jackson, MS 392055. If you are not able to make available the proof of ownership of the unclaimed asset or the money, you need not lose heart. The authorities of the Unclaimed Property Division will try to assist you in every manner possible. But even if their efforts fail, you may be advised to do better research for making available to them the proof of ownership so that you can get the money or assets due to you. The authorities review such claims on a case-by-case basis.
6. If you are not able to provide the proof of your present address, you can produce the proof of an address where you previously lived. Utility bills, tax returns, birth certificate, death certificate, or school records are considered sufficient proof to show that the lost and unclaimed money or assets belong to you.