Unclaimed property tops $677 million

LAS VEGAS BUSINESS PRESS

Clark County residents looking for a little extra holiday cash might try checking the state treasurer’s website for unclaimed property.

A SmartAsset.com study shows there is just more than $677 million being held for Clark County residents. That’s the sixth-highest total for any county in the United States.

Unclaimed property includes various categories of assets, from orphaned 401(k) accounts to payroll checks that never found their way to the rightful owner.

Legally, the state must try to reunite residents with their property. But when the trail is cold, states rely on residents to help out by checking for their property.

Los Angeles leads the nation with $3.887 billion in unclaimed property, SmartAsset.com said. Three other counties — New York County; Cook County (Chicago); and Harris County (Houston) — topped $1 billion.

http://www.reviewjournal.com/business/business-press/unclaimed-property-tops-677-million