Nevada has returned over $718 million of unclaimed property to residents through the state’s Unclaimed Property department. The department aims to reunite property with its rightful owners or heirs, including financial assets and items from safety deposit boxes that have been inactive for a certain period. The state Treasurer’s office serves as a custodian, helping to distribute money and property back to where it belongs.
To prevent accounts from becoming unclaimed, individuals should keep them active by making transactions or updating contact information at least every three years. Residents can easily search for unclaimed property on the Nevada Treasury’s website. The laws surrounding unclaimed property in the U.S. have evolved over time, expanding to protect heirs of estates.
Once property is turned over to the state’s unclaimed property program, efforts are made to reach out to the rightful owners through various channels. The state will hold onto the property indefinitely until it is claimed. Individuals can contact Patrick Blennerhassett at pblennerhassett@reviewjournal.com for more information about claiming unclaimed property in Nevada.
The Nevada Treasury highlighted the importance of staying engaged with financial accounts to prevent them from becoming unclaimed. By working with both holders of abandoned property and claimants, the department helps to reunite individuals with their rightful assets. Residents are encouraged to check the online database and take steps to prevent their own property from becoming unclaimed in the future.
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