Are you interested in learning some of the key concepts of New York escheat and unclaimed property laws? Have a specific question about reporting, auditing or compliance? This page gives you key information pertaining to New York State escheat laws including reporting & compliance.
Unclaimed Property Law (49 articles)
The following entry is an excerpt from a recent article in Business Daily Africa written by Valerie Jundt, Managing Director and National Practice Leader of the Keane Consulting & Advisory Services Team. Click here to read the full article at Business Daily Africa. Kenya became the most recent country to enact unclaimed property laws, as the […]
Kentucky recently outlined the requirements for beneficiary search and mandated the use of the Death Master file for verifying decedents with the passing of HB 135 on April 11, 2012. With the signing of this legislation, Kentucky becomes the first state to enact a law modeled after the Unclaimed Life Insurance Benefits Act proposed by […]
Delaware recently established their appeals process for unclaimed property audits, as Regulation 959 was passed on March 3, 2012. This regulation sets forth the practice and procedures for the appeal of any determination by the Unclaimed Property Audit Manager. In July 2010, the Delaware legislature amended §1156 providing for appeals of audit findings to the Secretary […]
Unclaimed Property laws are complex and often difficult for holders to interpret. This complexity also makes the unclaimed property laws challenging to enforce. However, as states continue to closely monitor their budgets and look increasingly to unclaimed property as a source of revenue, once-previously overlooked provisions are now being enforced in an effort to increase […]