Unclaimed/Unidentified Funds
Nevada Rule of Professional Conduct 1.15(f) provides direction to lawyers and law firms on what to do with unclaimed or unidentified funds in their Nevada client trust accounts. If a lawyer or law firm has made reasonable but unsuccessful efforts to disburse funds from their IOLTA account to their rightful owner, those funds may be remitted to the State Bar of Nevada’s Clients’ Security Fund after a term of five years. During the five-year term, reasonable efforts must have been made to identify and locate the rightful owner.
If you are holding unclaimed or unidentifiable funds in your Nevada client trust account, please follow these instructions: Unclaimed Unidentified Funds Form.