When we discuss state escheat laws in our quarterly newsletter, or when you see news regarding them in the media, it typically centers on companies’ obligation to comply or the increasing rate of state unclaimed property audits. However, the The State of Pennsylvania and State Treasurer Rob McCord issued a press release on October 8 […]
An interesting article regarding state escheatment rules is circulating today. It is just the latest front in the States’ continuing battle to collect unclaimed and abandoned property. Covered here by the Los Angles Times, the short version of the story is this – there are some $16.7 billion in war bonds from World War II […]
Keane Unclaimed Property recently announced a partnership for escheat, unclaimed property reporting and compliance consulting services with UHY Advisors SALT, LLC (UHY), a professional services firm specializing in state and local tax and business consulting. UHY Advisors, Inc. and its subsidiary entities have more than 1,200 professionals providing services from offices across the United States and […]
I recently learned about some interesting statistics regarding Delaware’s abandoned property law that helps illustrate what unclaimed property means to state budgets. It also shows why companies are facing an increased risk of unclaimed or abandoned property audit. This is an issue I have discussed in the past – as the states face tighter budgets […]
On October 14th, 2009 a seminar exploring the impact of state escheatment laws will be held by accounting firm Cherry, Bekaert, and Holland (Greater Washington D.C. office) in partnership with the unclaimed property experts at Keane Unclaimed Property.