About Unclaimed Property
The State of Nevada is the custodian of 100s of millions of dollars in unclaimed property. This property could be a financial asset owed to an individual or a business, including securities, bank accounts, uncashed payroll checks, utility deposits, insurance proceeds, gift certificates, and other items specified in Nevada Revised Statutes 120A. Property is presumed abandoned when there has been no activity or no contact with the owner for a specific period of time. The property type determines the abandonment period, but it is typically one to three years. When the “holder” of the property unsuccessfully attempts to locate the original owner, the assets must be escheated to the Nevada State Treasurer’s Office, in accordance with NRS 120A. The Treasurer’s Office is charged with safeguarding the value of these assets in perpetuity. The original owner or heir never loses the ability to claim the property value.