(Part 1 of 2)

As of Sept., NV's state treasurer, Kate Marshall made it known that the state of NV currently holds over 200 million dollars in Nevada unclaimed money that belongs to 700 thousand residents. And despite recent efforts, after much criticism in 2006, the NV unclaimed funds program continually takes in more money than it returns.

According the Marshall, the state has increased its unclaimed funds returns to 350-700 claims per week. That's nothing to sneeze at, and NV's state treasury department is to be commended, but when we consider that at that rate it would take 20-40 years before they'd ever return all currently listed claims, it isn't anything to get too excited about, particularly when you take in to account how much more additional money would be turned in over those 20-40 years!!!

The bottom line is that people can't rely on the Nevada to do the legwork in returning their money. The citizens should take matters in to their own hands, if they ever want to be certain that they are thoroughly searching and investigating all potential sources of NV unclaimed funds. The state has without a doubt stepped up their efforts, but there's a long way to go, and I think we can all agree that us citizens are much more efficient than any government agency could ever hope to be.

(to be continued)

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