(Part 1 of 2)

Omaha steaks are likely the most well known treasure to come out of Nebraska in recent memory, but there is something even juicier that NE residents will feel is more beneficial to them personally. As recently as 2007, Nebraska unclaimed money had reached more than 85 million dollars, and counting. Even though the State Treasurer's Office holds a handful of "outreach" events to connect citizens with their lost assets, lack of education in this area means that more money comes in than goes out to the actual owners.

Residing in a state with only roughly 1.7 million people, NE residents have great odds of discovering that they are due a portion of the total unclaimed money being held by the State Treasurer. The only thing getting between the people and their assets is a search and a claim, but before this can be performed correctly, the people need to understand how to search or they might waste a bunch of time on the wrong sites using the wrong search tactics.

The most important thing for Nebraska residents to remember, when tracking down unclaimed funds, is that it is not a job that can be completed with a single search. This rule is true not only because many websites aren't providing reliable data, but mainly because the official data is updated constantly so searching on a given day and not locating any cash doesn't mean that searching another day will not turn up a pile of cash.

Among the most common types of assets that may become "unclaimed" in NE are: checking accounts, savings accounts, dividends, health claim payments, life insurance proceeds, telephone deposits, wages, vendor payments, bonds, stocks, miscellaneous outstanding checks, utility deposits, gift certificates, safety deposit boxes. Each of these is classified as unclaimed, and then handed over to the state, after a period of inactivity which varies from asset type to asset type, though most commonly these "dormancy periods" are somewhere between 1 and 5 years, with a handful of exceptions. With these widely varying dormancy periods, the state is always receiving new properties, and that meanst that a person could do a search the day before the state obtains their cash, and that search would find nothing. But if the person was persistent and searched frequently, they should discover a record of their cash the next time they performed a search.

(to be continued)

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