Escheatable

Financial institutions holding Individual Retirement Accounts (IRAs) should review their policies in light of the federal Setting Every Community Up for Retirement Enhancement (SECURE) Act, Public Law 116-94.

A Look at the Year Ahead in Unclaimed Property Happy New Year! Last year saw a variety of developments in the world of unclaimed property. Today, we take a look ahead at five topics that might be at the forefront of unclaimed property news in 2020.

Federal Appeals Court Rules In Laturner v. United States That U.S.

State Watchdog Finds Claim Processing and Other Deficiencies The Colorado Office of the State Auditor recently issued a Report reviewing the performance of the Colorado State Department of Treasury, Division of Unclaimed Property.

An Exercise in Finding the Owners of Unclaimed Property One of the theoretical policy justifications for state unclaimed property laws is that the states will be conscientious about finding missing owners and reuniting them with their property.

On June 7, 2019, Nevada Governor Steve Sisolak approved Senate Bill 44 which incorporates certain provisions of the 2016 Uniform Unclaimed Property Act into the Nevada Unclaimed Property Act.

This Week in Unclaimed Property Uniform Act News -- Colorado recently became the latest state to adopt a version of the 2016 Uniform Unclaimed Property Act.

New Legislation, Which Reduces Many Dormancy Periods To 3 Years, Is Effective July 1, 2020 On April 16, 2019, Colorado Governor Jared S. Polis signed Senate Bill 19-088 into law, which adopts a version of the 2016 Uniform Unclaimed Property Act.

Nevada is considering a bill "providing that all property rights and legal title to, and ownership of" of U.S. savings bonds would "vest in this State" after three years.

Recently, we posted an article addressing the potential pitfalls to owners arising out of the states' identification and handling of "unclaimed" securities accounts.

IRS Holding $1.4B in Unclaimed Refunds -- According to CBS News the Internal Revenue Service has announced that it has approximately $1.4 billion in unclaimed tax returns for more than a million taxpayers.

New Law Changes Funding & Notice Provisions On March 12, the Governor of Nebraska approved Legislative Bill 406 which amends various technical and administrative provisions of that state's unclaimed property act.

A Roundup of Odds & Ends From the Week in Unclaimed Property GAO Issues Report on Unclaimed 401(k) Funds -- The Government Accountability Office, which is responsible for providing recommendations to Congress on the responsibilities of the federal government, recently issued a report concerning th

Why Unclaimed Property "Activity" Standard Doesn't Make Sense for Long Term Investments Jessica Gorst-Williams, the "Agony Aunt" of U.K. newspaper The Telegraph recently ran an help column relating to a U.K.

A Roundup of Odds & Ends From the Week in Unclaimed Property Ohio Oops -- The Ohio Division of Unclaimed Funds recently issued 1099 tax forms to those individuals who claimed abandoned property from the state during the prior year.