Unclaimed Money Nevada: How to Find Unclaimed Money in Nevada
November 10, 2022
If you are a resident of ‘Silver State,’ it is possible that you might have forgotten about the various bank accounts in your name.
They could be insurance payments, stocks, dividends, and other securities willed to you that you aren’t aware of.
If this is your situation, you need not worry, as such funds are still very much accessible. In Nevada, unclaimed money includes financial assets that have been abandoned for a specific period, usually between three to five years.
Some of these items are uncashed paychecks, security deposits, interest payments, stocks, bonds, dividends, contents of safe deposit boxes, royalties from oil and gas, traveler’s check, and mutual funds.
The rules governing the administration of unclaimed money in Nevada are provided under NRS Chapter 120.
The law provides that every unclaimed money and financial asset held by government agencies and financial institutions must be reported and handed over to the Nevada State Treasurer’s Office.
Indeed, as a result, the Nevada State Treasury currently holds over $900 million in unclaimed funds and pays millions each year to verified claimants.
Nevada Unclaimed Money: Persons who can Recover Unclaimed Funds on Behalf of Deceased Relatives
When the owner of an unclaimed fund dies, such a fund can still be recovered in Nevada. The following persons can claim unclaimed funds belonging to deceased persons:
* The surviving spouse * The surviving children * The surviving domestic partner * The surviving siblings or, * The surviving parents
Where no surviving family member is eligible to recover the unclaimed funds, the funds will be transferred to the Treasury Department.
Claims can be made by the estate executor of the deceased and court-appointed probate administrators. Some of the supporting documents required to process claims include:
* A copy of the will, if any * A copy of the death certificate * Proof of relationship with the deceased person, like a marriage certificate or birth certificate
How to Find Unclaimed Property in Nevada
As a resident of Nevada, if you suspect that some of your funds are unclaimed or abandoned, you can recover such by following the methods outlined below:
Finding Unclaimed Money Through the Nevada State Treasurer’s Office
The Office of the State Treasurer is the main repository of unclaimed property, including unclaimed money, in Nevada.
The office keeps an active database of unclaimed property, which includes funds that past residents or businesses have abandoned.
It also updates its database periodically, meaning you will likely find your funds there.
To search for unclaimed money, follow the steps below:
* Navigate to the database of the state treasurer * Go to the “Search for Unclaimed Property” section * Select the “Search for Unclaimed Property” * Choose either person or business, depending on the nature of your search. * Select the “Search Properties” button
You would be required to provide details such as a valid ID, like a passport or a driver’s license, social security number, etc.
You can also narrow your search by adding your first name, city of residence, middle initials, or zip code.
Once you have submitted all the required information, the office will browse through its database to check if any unclaimed funds belong to you.
You can contact the Office of the State Treasurer using the following details:
Carson City Office, 101 N. Carson Street, Suite 4, Carson City, NV 89701, Phone: (775) 684-5600, Fax: (775) 684-5781, Las Vegas Office, 555 E. Washington Ave., Ste 5200, Las Vegas, Nevada 89101-1074
Contact the Claims Division at:
Grant Sawyer Building, Las Vegas, Nevada 89101, Toll-Free (Nevada area codes only, does not include service area codes 702 or 725): (800) 521-0019, Local: (702) 486-4140, Email: [email protected]
Finding Unclaimed Funds Via National Association of Unclaimed Property Administrators
Nevadans can also recover unclaimed properties from the Nevada branch of the National Association of Unclaimed Property Administrators.
The platform comprises all state treasurers in the United States, and their services are free.
In addition, the platform maintains an online database that allows residents of Nevada to search for unclaimed properties in their state or even other states in the US Usually.
Claimants will be required to provide various identifying information such as name, address, relationship with the property, social security number, etc.
Complete your claim and submit your application. If your claim is successful, you will receive a response to the address you provided.
You can contact the Nevada branch of the association at the following address:
Unclaimed Property Division, Director: Deputy Treasurer for Unclaimed Property - Linda Tobin, CPA, CPM, Office Phone: (702) 486-4140
There is no statute of limitation on unclaimed money in Nevada. This means that unclaimed funds are held by the state indefinitely until the owner or their legal representatives come forward to claim them.
The state does not try to contact owners of unclaimed properties; it doesn’t publish lists or put out a public notice to such effect.
Ultimately, it is up to the owner to recover their funds.
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