Keane's Unclaimed Property Blog

Unclaimed Property (56 articles)

Life Insurance Holders: CA Reporting Date Postponed

Life Insurance Holders: CA Reporting Date Postponed

State Escheatment, Unclaimed Property, Unclaimed Property Reporting

California life insurance unclaimed property Remit Reports are now due February 1-15, 2021. California’s Office of State Controller Betty T. Yee moved the Notice Reports file date for life insurance holders from April 30 to June 30 due to the COVID-19 pandemic. This change has therefore pushed back the life insurance report remittance deadline from […]

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Understanding Alberta Unclaimed Property

Understanding Alberta Unclaimed Property

Abandoned Property, Escheatment, State Escheatment, Unclaimed Property, Unclaimed Property Reporting

Alberta enacted the Unclaimed Personal Property and Vested Property Act and Regulation in September of 2008. The Alberta Finance, Tax and Revenue Administration (TRA) provides a searchable directory for Albertans and assists them in claiming any financial assets that are theirs. Dormancy periods in Alberta range from one to fifteen years based on the individual […]

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Filing Unclaimed Property Reporting Extensions

Filing Unclaimed Property Reporting Extensions

Compliance, Escheatment, State Escheatment, Unclaimed Property, Unclaimed Property Reporting

As many companies were, and continue to be, impacted by COVID-19 an increased need for unclaimed property reporting extensions has occurred. We believe this increase occurred due to physical office closures and competing priorities as business continuity and employee safety became more important. Keane has been filing for extensions as needed for clients whom we […]

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Multi-State VDA’s – The Proactive Solution

Multi-State VDA’s – The Proactive Solution

Best Practices, Compliance, Litigation, Unclaimed Property, Unclaimed Property Audit, Unclaimed Property Reporting

According to state estimates, only 10-12% of companies nationwide are in compliance with state unclaimed property provisions. In an effort to increase voluntary compliance rates, states are increasingly reaching out to companies that they believe may have potential unclaimed property exposure to seek an understanding of their potential exposures and invite them to come into […]

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