Keane's Unclaimed Property Blog

California Unclaimed Property has Reached $6.1 billion

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

According to the National Association of Unclaimed Property Administrators, states collectively hold $33 billion in unclaimed property – and California Unclaimed Property accounts for $6.1 billion. Forgotten bank accounts, uncashed checks or dividends, overlooked security deposits or utility refunds, old stocks or mutual funds, unclaimed insurance payouts – the list goes on. The bottom line […]

Read More ›


Corporate Unclaimed Property Compliance Insights

Abandoned Property, Abandoned Property Law, Unclaimed Property, Unclaimed Property Audit, Unclaimed Property Law, Unclaimed Property Reporting

When not correctly managed and reported, the risk of state audits – and subsequent fines and penalties for inadequate unclaimed property compliance – become a distinct reality. There is a widely held belief, however, that the overwhelming majority of unclaimed property is not reported. In fact, most state estimates suggest that only 15-35 percent of […]

Read More ›


Proposed Unclaimed Property Laws Could Affect Tennessee Businesses

Abandoned Property, Abandoned Property Law, Legislative Alerts, Legislative Updates, State Escheatment, Unclaimed Property, Unclaimed Property Law, Unclaimed Property Reporting

As states become more aggressive with abandoned property laws and guidelines, they continue to make changes to legislation in an effort to generate more revenue. On September 30, Tennessee proposed new administrative rules for unclaimed property that if passed will directly affect businesses operating in the state. The proposed changes apply to Organizations and Individuals […]

Read More ›


Unclaimed Property: Are You at Risk?

Abandoned Property, Best Practices, Compliance, Unclaimed Property, Unclaimed Property Reporting

Did you know that normal business and life events can create circumstances that generate unclaimed property compliance obligations? It’s true and it can put your client relationships and assets under management at risk. Here at Keane Unclaimed Property, we work to make sure that this doesn’t happen by outlining ways in which your company can […]

Read More ›


Unclaimed Property Article in Kansas City Star

Abandoned Property, Dormancy Periods

As state budget deficits continue to grow so does the topic of unclaimed property. Today, more and more businesses and financial institutions are reporting large amounts in abandoned property, much of which will eventually go to the state treasury instead of its rightful owner. Here at Keane Unclaimed Property, our main objective is to provide […]

Read More ›


I'm looking for information on...