Want to start the new year off with some extra cash? It might already be yours. The State of Nevada is holding more than $1 billion in unclaimed money owed to residents.
Unclaimed property consists of abandoned financial assets such as checking and savings accounts, unpaid wages, securities, life insurance payouts, uncashed checks, and the proceeds of safe deposit boxes that are without activity for a certain period of time. It does not include real estate or vehicles.
Unclaimed property laws began in the United States as a consumer protection program and they have evolved to protect not only the owners, but their heirs and estates as well. Once property is in the custody of the state and its unclaimed property program, an outreach effort begins through social media, advertisements, and local media coverage. The state will maintain custody of the property in perpetuity until the rightful owner or heirs come forward to claim.
Nevadans can visit this link to see if they have any unclaimed property owed to them.