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abandoned or unclaimed property

Property is generally considered abandoned or unclaimed if the existence and location of the owner is unknown for an extended period of time—often three years. Common types of unclaimed property are bank accounts, stocks, bonds, uncashed checks, insurance benefits, wages, and safe deposit box contents. Once abandoned property is turned over to the state by a business, an individual then has the burden of reclaiming it from the state.

In Nevada, property is typically deemed abandoned or unclaimed if the owner cannot be located for a period that is often three years, although this period can vary depending on the type of property. This includes assets such as bank accounts, stocks, bonds, uncashed checks, insurance benefits, wages, and the contents of safe deposit boxes. Businesses holding such property are required to attempt to contact the owner and, if unsuccessful, must turn the property over to the Nevada Unclaimed Property Division. The state then acts as the custodian of the property until the rightful owner or heir claims it. Individuals who believe they have unclaimed property held by the state can search the Nevada Treasurer's Office database and file a claim to recover their property. The process involves providing proof of ownership and sometimes additional documentation to verify the claimant's identity.

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Government

abandoned or unclaimed property

Individual & Family Legal Plan

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Nevada State Code

Nevada State Code

Government

abandoned or unclaimed property

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