Keane's Unclaimed Property Blog

Legislative Updates (31 articles)

Pennsylvania’s Newly Enacted Roth IRA Provision Departs From Traditional Requirements

Legislative Updates, Unclaimed Property Law

The new Pennsylvania law established by HB 278 and signed by the Governor on July 10, 2014, adds a provision that specifically addresses Roth IRAs which is unlike any other state’s provision. Most states do not have a statutory provision specifically requiring the escheatment of Roth IRAs. Roth IRA Escheatment The typical statutory provision addressing […]

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Pennsylvania Dormancy Period Reductions Effective Immediately

Dormancy Periods, Legislative Updates, Unclaimed Property Law

Following the passage of House Bill 278 last week, the provisions reducing Pennsylvania’s dormancy periods for all property types became immediately effective. Pennsylvania Unclaimed Property Law Changes Pennsylvania House Bill 278 was signed into law by Governor Corbett on July 10, 2014 and provides significant changes to Pennsylvania’s unclaimed property laws. While the Treasurer’s office […]

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Delaware VDA Program Deadline Is Quickly Approaching

Compliance, Legislative Updates

UPDATE: The Deadline to enroll in the Delaware VDA program has been extended to September 30, 2014! The June 30 deadline to enroll in the Delaware Unclaimed Property Voluntary Disclosure Agreement Program is quickly approaching. The Program, overseen by the Secretary of State, offers holders incorporated in Delaware an extremely favorable look-back period and the opportunity to […]

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Wisconsin Unclaimed Property Responsibilities Transferred to Department of Revenue

Wisconsin Unclaimed Property Responsibilities Transferred to Department of Revenue

Legislative Alerts, Legislative Updates, Unclaimed Property

The management and administration of the Wisconsin unclaimed property program will now be the responsibility of the Department of Revenue pursuant to WI AB 20 which was passed into law on June 30, 2013. The bill, which is actually Wisconsin’s State budget bill, requires the administration of the Wisconsin Unclaimed Property program be transferred from […]

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