(Part 1 of 2)

As of Sept., Nevada's state treasurer, Kate Marshall confirmed that the state of Nevada currently holds over 200 million dollars in Nevada unclaimed money which is owed to 700,000 residents. And despite recent efforts, after a lot of criticism in 2006, the Nevada unclaimed money program continues to take in more money than it returns annually.

According the Marshall, Nevada has increased its unclaimed money returns to 350-700 claims per week. That's nothing to sneeze at, and Nevada's treasury department should be praised, but when we consider that at that rate it would take 20-40 years before they would ever return all current claims, it is nothing to get too excited about, especially once you consider how much more additional money would come in over those 20-40 years!!!

This all boils down to the fact that people cannot rely on the Nevada to reunite them with their funds. Residents of Nevada need to take matters in to their own hands, if they ever want to be sure that they're searching thoroughly and investigating all possible sources of Nevada unclaimed money. The state treasurer has no doubt increased their efforts, but there is a long way to go still, and I think we can all agree that us citizens are much more efficient than any gov agency will ever be.

The following are the most common types of unclaimed property in Nevada: Checking/Savings Accounts, Stocks, Over-Payments, Vendor Checks, Death Benefits, Money Orders, Uncashed Checks, Credit Balances, Certificates of Deposits, Unpaid Wages, Paid-in-full Life Insurance, Gift Certificates, Commissions, Customer Deposits, Refunds, Insurance Payments, Dividends. If you or anyone you know has ever had any of these, you owe it to yourself to learn the correct way to search for abandoned assets.

(to be continued)

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