DOCSLIB.ORG

Finding Lost Insurance Policies and Other Valuables

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Finding Lost Insurance Policies and Other Valuables FRM-RHF.126 Finding Lost Insurance Policies and Other Valuables There is over $41.7 billion in unclaimed money and property in the United States. The Kentucky State Treasury alone holds more than $100 million in unclaimed property, just waiting to be found by the owners. This accumulation of money and property comes from banks, insurance companies, stocks, bonds, jewelry and other properties that are unclaimed or whose owners cannot be located. Also, the IRS has billions of dollars in unclaimed refunds. Searching for money can be easy and fun if you know what to do. State Treasury If you do not have Internet access, call the State Treasurer’s office at (800) 465-4722 to request a search, or send a request in writing to: Kentucky State Treasurer’s Office 1050 US Highway 127 South Suite 100 Frankfort, Kentucky 40601 Useful Web sites for tracking down unclaimed property include http://missingmoney.com and Each state has an office that collects http://www.unclaimed.org provided by unclaimed property. The Kentucky State the National Association of Unclaimed Treasurer provides a simple way of Property Administrators. Both sites offer searching for lost property. On their Web information free of charge and will site, you can type in a name to search connect you to unclaimed property Web their database. If you find a match, you sites for each state, as well as national can follow directions provided on the site unclaimed property Web sites. for completing the necessary paperwork to collect your lost property. Unclaimed Life Insurance • Ask past employers about group Benefits insurance the deceased may have purchased. Each year, millions of dollars in life • Check the deceased’s mail up to a insurance policies go uncollected year after his or her death. Often, because family members don’t know insurance companies issue annual they exist. If you statements of coverage or notice of have a family member who bought and lapsing policies. paid for life insurance, and you’re listed • Review income tax returns for the as a beneficiary, you are eligible to past two years. The deceased may receive the benefits any time after their have paid taxes on interest earned on death, even years later. It is possible the policy. that your deceased family member had • Contact all insurance companies in a life insurance policy that has not been the state in which the deceased collected; but, unfortunately, no resided. You can obtain a list of all national database keeps track of this companies authorized to do business information and, unless they know the in a state through that state’s person is deceased, insurance Department of Insurance. companies are not obligated to turn the • Due to mergers, name changes or money over to the state. location changes, insurance The American Council of Life Insurers companies may be difficult to track offers these suggestions for locating lost down. Best’s Insurance Reports, policies: available in most large libraries, • Go through the deceased’s provides an annual list of companies, paperwork, including cancelled including any name, address or checks, bank statements and address merger changes. books, and look for insurance transactions such as bills paid or received, as well as annual statements. Contact all companies the deceased had insurance with to determine if any of their policies included life insurance coverage. • Speak with the deceased’s financial advisors. Banks, lawyers and insurance agents all may be able to provide helpful information. 2 Money Finders • The finder will notify you of unclaimed property and request a percentage of the funds in return for their services. In most circumstances such as this, the money has not yet been turned over to the state. To handle it yourself, you can: check your papers for any correspondence from the company notifying you of money owed to you, negotiate with the money finders for a lower percentage, pay the money finder what they ask or wait until the money is handed to the state and claim it yourself. At some point, you may receive a letter from someone offering to find lost Good luck in your hunt for lost treasures! property for a small fee. These letters and services are not illegal, but you can easily do the same searches yourself, using the State Addresses Web sites listed above. Alabama According to the National Association of Office of State Treasurer Unclaimed Property Administrators, the Unclaimed Property Division following are ways a money finder will PO Box 302520 solicit you: Montgomery, AL 36130-2520 • The finder will send you a letter or http://www.moneyquestalabama.com/ postcard requesting a fee in exchange for information on your Alaska unclaimed property. The company State of Alaska Department of Revenue may or may not know if you have Treasury Division unclaimed property, and what you PO Box 110405 may be buying is a list of agencies Juneau, AK 99811-0405 that provide the information. This http://treasury.dor.alaska.gov/Unclaimed information is available to you, free Property.aspx of charge, through state governments. 3 Arizona Delaware Department of Revenue Department of Finance, Division of Unclaimed Property Unit Revenue PO Box 29026 820 N. French Street Phoenix, AZ 85038-9026 Wilmington, DE 19801 http://www.azunclaimed.gov/ http://revenue.delaware.gov/unclaimedpr operty.shtml Arkansas Auditor of State District of Columbia Unclaimed Property Division Office of the Chief Financial Officer 1401 W. Capitol Ave., Suite 325 Unclaimed Property Little Rock, AR 72201 1340 Pennsylvania Ave., NW, Suite 203 https://www.ark.org/auditor/unclprop/in Washington, DC 20004 dex.php/search/searchCrit http://cfo.dc.gov/service/unclaimed- property California State Controller’s Office Florida Unclaimed Property Division Division of Accounting & Auditing 10600 White Rock Road, Suite 141 Bureau of Unclaimed Property Rancho Cordova, CA 95670 PO Box 8599 http://www.sco.ca.gov/upd_msg.html Tallahassee, FL 32314-8599 http://www.fltreasurehunt.org/ Colorado The Great Colorado Payback Georgia 1580 Logan Street, Suite 500 Georgia Department of Revenue Denver, CO 80203 Unclaimed Property Program http://www.colorado.gov/treasury/gcp/ 4125 Welcome All Rd., Suite 701 Atlanta, GA 30349-1824 Connecticut https://etax.dor.ga.gov/unclaimedpropert Office of the State Treasurer y/ Unclaimed Property Division PO Box 5065 Guam Hartford, CT 06102 Treasurer of Guam http://www.ctbiglist.com/ PO Box 884 Hagatna, GU 96932 4 Hawaii Kansas Department of Budget and Finance Kansas State Treasurer Unclaimed Property Program Unclaimed Property Division PO Box 150 900 SW Jackson, Suite 201 Honolulu, HI 96810 Topeka, KS 66612-1235 http://www.ehawaiigov.org/bf/ucp/html/ https://www.kansascash.com/prodweb/u p/unclaimed-property.php Idaho Idaho State Treasurer Kentucky Unclaimed Property Kentucky State Treasury PO Box 83720 Unclaimed Property Division Boise, ID 83720-9101 1050 US 127 South, Suite 100 https://www.sto.idaho.gov/unclaimedpro Frankfort, KY 40601 perty/Search.aspx Toll-free: (800) 465-4722 Fax: (502) 564-6545 Illinois https://secure.kentucky.gov/treasury/unc Office of the State Treasurer laimedproperty/ Unclaimed Property Division PO Box 19495 Louisiana Springfield, IL 62794-9495 Department of the Treasury https://icash.illinois.gov/ Unclaimed Property Division PO Box 91010 Indiana Baton Rouge, LA 70821 Office of the Attorney General http://www.treasury.state.la.us/Home%2 Unclaimed Property Division 0Pages/UnclaimedProperty.aspx PO Box 2504 Greenwood, IN 46142 Maine https://indianaunclaimed.gov/apps/ag/uc Office of the State Treasurer p/index.html Attn: Unclaimed Property 39 State House Station Iowa Burton M. Cross Office Bldg., 3rd floor Great Iowa Treasure Hunt 111 Sewall St. Lucas State Office Building Augusta, ME 04333-0039 321 E. 12th St., 1st Floor http://www.maine.gov/treasurer/unclaim Des Moines, IA 50319 ed_property/ https://www.greatiowatreasurehunt.com/ 5 Maryland Mississippi Comptroller of Maryland Office of the State Treasurer Unclaimed Property Unclaimed Property Division 301 W. Preston St., Room 310 PO Box 138 Baltimore, MD 21201 Jackson, MS 39205-0138 http://comptroller.marylandtaxes.com/P http://www.treasurerlynnfitch.com/Uncla ublic_Services/Unclaimed_Property/ imedProperty/ Massachusetts Missouri Department of the State Treasurer State Treasurer Abandoned Property Division Unclaimed Property Division One Ashburton Place, 12th Floor PO Box 1004 Boston, MA 02108-1608 Jefferson City, MO 65102 http://www.mass.gov/treasury/unclaimed http://treasurer.mo.gov/UnclaimedPrope -prop/ rty/ Michigan Montana Michigan Department of Treasury Department of Revenue Unclaimed Property Division Unclaimed Property PO Box 30756 PO Box 5805 Lansing, MI 48909 Helena, MT 59604-5805 http://www.michigan.gov/treasury/0,160 https://revenue.mt.gov/home/businesses/ 7,7-121-44435---,00.html unclaimed_property Minnesota Nebraska Minnesota Department of Commerce Office of the State Treasurer Unclaimed Property Program Unclaimed Property Division 85 Seventh Place East 809 P St St. Paul, MN 55101 Lincoln, NE 68508-1390 http://www.commerce.state.mn.us/DOC_ https://treasurer.nebraska.gov/up/ Unclaimed_Property_Lookup.htm Nevada Office of the State Treasurer Unclaimed Property Division 555 E Washington Avenue, Suite 4200 Las Vegas, NV 89101 http://www.nevadatreasurer.gov/Unclaim ed_Property/UP_Home/ 6 New Hampshire North Dakota State Treasury ND Department of Trust Lands Abandoned Property Division Unclaimed Property Division 25 Capitol Street, Room 121 PO Box 5523 Concord, NH 03301 Bismarck, ND 58506-5523 http://www.nh.gov/treasury/Divisions/A https://land.nd.gov/unclaimedproperty/ P/APIndex.htm?inc=P Ohio New Jersey Department of Commerce Department of the Treasury Division of Unclaimed Funds Unclaimed Property Administration 77 South High Street, 20th Floor PO Box 214 Columbus, OH 43215-6108 Trenton, NJ 08625-0214 http://www.com.ohio.gov/unfd/ http://www.unclaimedproperty.nj.gov/ Oklahoma New Mexico Oklahoma State Treasurer Taxation & Revenue Department Unclaimed Property Division Unclaimed Property Division 2300 N.
Load more

Recommended publications
  • Contact Information Concerning Unclaimed Property Escheated to States
    Contact information concerning unclaimed property escheated to states ALABAMA Unclaimed Property Division PO Box 327580 Montgomery, AL 36132-7580 334-242-9614 ALASKA Unclaimed Property Division PO Box 110420 Income & Excise Audit Div. Juneau, AK 99811-0420 907-465-4653 ARIZONA Department of Revenue 1600 W. Monroe Unclaimed Property Unit Phoenix, AZ 85007-2650 602-542-4643 ARKANSAS Auditor of State 103 W. Capitol - Suite 805 Unclaimed Property Division Little Rock, AR 72201 501-682-9174 800-252-4648 CALIFORNIA Unclaimed Property Division PO Box 942850 State Controllers Office Sacramento, CA 94250-5873 916-323-2827 COLORADO Treasury Department 1560 Broadway – Suite 630 Unclaimed Property Division Denver, CO 80202 303-894-2443 CONNECTICUT Unclaimed Property Division 55 Elm Street Office of State Treasurer Hartford, CT 06106 860-702-3050 DELAWARE Unclaimed Property Division PO Box 8931 Wilmington, DE 19899-8931 302-577-3349 DISTRICT OF Office of the Comptroller 415-12th Street NW, Room 408 COLUMBIA Unclaimed Property Unit Washington, DC 20004 202-442-8181 FLORIDA State of Florida Capital – Plaza Level – Room 9 Office of the Comptroller Tallahassee, FL 32399-0350 Unclaimed Property 850-922-1403 888-258-2253 GEORGIA Georgia Dept. of Revenue 405 Trinity – Washington Bldg. Property Tax Division Atlanta, GA 30334 Unclaimed Property Section 404-656-4244 HAWAII Dept. of Budget & Finance PO Box 150 Unclaimed Property Branch Honolulu, HI 96810-0150 808-586-1590 IDAHO Idaho State Tax Commission PO Box 36 Unclaimed Property Section Boise, ID 83722-2240 208-334-7627 ILLINOIS State of Illinois PO Box 19495 Dept. of Financial Institutions Springfield, IL 62794-9495 Unclaimed Property 217-557-3405 INDIANA Office of the Attorney General 402 W.
    [Show full text]
  • A Practical Toolkit for Investors
    Managing the Risks and Opportunities of Climate Change: A Practical Toolkit for Investors Investor Network on Climate Risk Ceres, Inc. April 2008 99 Chauncy Street Boston, MA 02111 (617) 247-0700 ext. 15 www.ceres.org and www.incr.com A Publication of Ceres and the Investor Network on Climate Risk About INCR Th e Investor Network on Climate Risk (INCR) is a network of institutional investors and fi nancial institutions that promotes better understanding of the risks and opportunities posed by climate change. INCR is comprised of over 60 institutional investors and represents more than $5 trillion in assets. INCR is a project of Ceres. For more information, visit www.incr.com or contact: Investor Network on Climate Risk Ceres, Inc. 99 Chauncy St., Boston, MA 02111 (617) 247-0700 ext.15 About Ceres Ceres is a coalition of investment funds, environmental organizations, and public interest groups. Ceres’ mission is to move businesses, capital, and markets to advance lasting prosperity by valuing the health of the planet and its people. Investor members include state treasurers, state and city comptrollers, public pension funds, investment fi rms, religious groups, labor unions, and foundations. Ceres directs the Investor Network on Climate Risk (INCR). For more information, visit www.ceres.org or contact: Ceres, Inc. 99 Chauncy St., Boston, MA 02111 (617) 247-0700 ext.15 About the Authors Th is report was authored by David Gardiner and Dave Grossman of David Gardiner & Associates. Th e mission of David Gardiner & Associates (DGA) is to help organizations and decision-makers solve energy and climate challenges.
    [Show full text]
  • State Treasurers Urge More Drug Companies to Help Fight Opioid Epidemic
    FOR IMMEDIATE RELEASE CONTACT: September 5, 2017 Paris Ervin 217.524.5749 Greg Rivara 312.814.1901 State Treasurers Urge More Drug Companies to Help Fight Opioid Epidemic Accountability Sought at Cardinal Health and AmerisourceBergen September 5, 2017 – Drug companies Cardinal Health and AmerisourceBergen must act to address the heroin and opioid epidemic or face potential financial consequences in their stock prices, state treasurers from Illinois, Pennsylvania, West Virginia and California said today. In letters sent to both companies, the coalition of state treasurers urged the nation’s second and third largest drug distributors to take concrete steps to alleviate the heroin and opioid epidemic. Should no action be taken, each treasurer’s office would re-evaluate its financial position in the companies and strongly encourage other institutional investors to do the same. This is the second wave of actions taken by treasurers seeking greater accountability at pharmaceutical companies in the wake of the nation’s spiraling opioid crisis. In July, treasurers from West Virginia, Pennsylvania and Illinois penned a letter to drug distributor McKesson Corp. asking the company to take specific steps to address the epidemic and protect shareholder value. Days later, McKesson announced it would split the roles of Board Chair and CEO, a move applauded by the treasurers and other investors seeking more oversight and accountability at the company. “Heroin addiction is tied directly to the overuse of opioid painkillers, and the overuse of opioid painkillers is tied directly to Big Pharma,” Illinois State Treasurer Michael Frerichs said. “The industry needs to acknowledge its role in this crisis and take immediate action if we have any hope to save lives and stop this national crisis.” “The opioid epidemic has affected every community across Pennsylvania in some way, forever changing the landscape and the lives of our families, friends and neighbors,” Pennsylvania State Treasurer Joe Torsella said.
    [Show full text]
  • NAST Letter to the Congressional Military Family Caucus 7.21.20
    July 21, 2020 Congressional Military Family Caucus Representative Sanford Bishop Representative Cathy McMorris Rodgers 2407 Rayburn HOB 1035 Longworth HOB Washington, D.C. 20515 Washington, D.C. 20515 President Deborah Goldberg, MA Dear Rep. Bishop and Rep. McMorris Rodgers: Executive Committee Henry Beck, ME As we celebrate the 30th Anniversary of the passage of the Americans with Disabilities Act David Damschen, UT Tim Eichenberg, NM (ADA), we can be proud of its positive impact on veterans with disabilities, while acknowledging Michael Frerichs, IL that there is much left to do. Dennis Milligan, AR Kelly Mitchell, IN The main purpose of the ADA is to provide people with disabilities equality of opportunity, full Shawn Wooden, CT participation in society, independent living, and economic self-sufficiency. But for more than two Executive Director decades after its passage, economic self-sufficiency was impossible for some. People with Shaun Snyder disabilities who need government benefits in order to live independently were blocked from saving 1201 Pennsylvania Ave, NW money. Without savings, economic self-sufficiency is unattainable. And without being able to Suite 800 fully participate in the economy, the other goals will not be fully realized. Washington, DC 20004 When the Achieving a Better Life Experience (ABLE) Act was passed into law in 2014, many www.NAST.org Americans with disabilities were empowered to save their own money to help pay for their disability expenses without fear of losing federal and state benefits. The Act was a meaningful step forward for people with disabilities. However, it came up short. After more than five years, and on the 30th birthday of the ADA, millions of Americans with disabilities, including veterans, still remain ineligible to open an ABLE account simply because they acquired their disability after they turned 26 years old.
    [Show full text]
  • Facimile Cover Sheet
    VERMONT PENSION INVESTMENT COMMITTEE OCTOBER 23, 2018 DRAFT; NOT YET APPROVED BY COMMITTEE VPIC Members Present: TOM GOLONKA, CHAIR BETH PEARCE, VICE-CHAIR, Vermont State Treasurer VAUGHN ALTEMUS, Governor’s Delegate, term expiring June 30, 2018 KAREN PAUL, Governor’s Delegate, term expiring June 30, 2018 PETER AMONS, VMERS Representative, term expiring June 30, 2022 JOSEPH MACKEY, (phone) VSTRS Representative, term expiring June 30, 2019 ROBERT HOOPER, VSERS, term expiring June 30, 2020 VPIC Members Absent: VPIC Alternate Members Present: LINDA DELIDUKA, VSTRS Alternate, term expiring June 30, 2019 KIMBERLY GLEASON, VMERS Alternate, term expiring June 30, 2022 JEFF BRIGGS, VSERS Alternate, term expiring June 30, 2020 VPIC Alternate Members Absent: DAVID STARR, Governor’s Delegate Alternate, term expiring June 30, 2020 Also attending: Eric Henry, Chief Investment Officer Katie Green, Investments Manager Andy Cook, Investments Analyst Margaret Belmondo, Will Forde, Tim Bruce & Michael Manning (phone), NEPC, LLC David Borsykowsky & Jesse Moorman, Vermont Attorney General’s Office Prof. Fritz Burkhardt, Zachery Burnham, David Dalton, Victor DeBouter, Jon-Patrick Fitch, Marguerite Frizzell, Amber Ghera, Erin Landry, Trent Loehle, Hari Luitel, Evan Phippen, Jessica Priesing, Elijah Rubin, Champlain College CALL TO ORDER: The Chair called the Tuesday, October 23rd meeting to order at 8:30 am, which was held in the 4th Floor Governor’s Conference Room, 109 State Street, Montpelier, VT. ITEM 1: Agenda Approval and Announcements 1 Page 2 of 5 VPIC Regular Meeting October 23, 2018 The Chair reviewed the agenda with the Committee and asked if any members of the Committee would like to add or amend any agenda items.
    [Show full text]
  • State Treasurer
    To: House Committee on Commerce and Economic Development Senate Committee on Economic Development, Housing and General Affairs From: Beth Pearce, State Treasurer Date: January 12, 2016 Re: Vermont Achieving a Better Life Experience (ABLE) Task Force Legislative Report, Pursuant to ACT No. 51, Title 33, CHAPTER 80. § 8004 of 2015 Overview During the 2015 legislative session, the General Assembly, in collaboration with the Office of the State Treasurer, Vermont stakeholders, State agencies and departments, and legislators, secured passage of Vermont's enabling legislation for the implementation of the federal ABLE Act. The Vermont Achieving a Better Life Experience (ABLE) Savings Program is intended to ease financial strains faced by individuals with disabilities by making federal tax-free savings accounts available to cover qualified expenses such as education, housing, and transportation. American families currently enjoy tax incentives to save for significant future expenses such as college, retirement, and other life events. The ABLE Act empowers individuals with disabilities and their families to save their own money in a 529A (or ABLE) account for the purpose of maintaining health and independence without jeopardizing the account holder’s federal benefits including Social Security and Medicaid.1 Vermont passed enabling Legislation (S.138) for a Vermont ABLE Savings Program in ACT 51 during the 2015 Legislative Session. The Governor signed Vermont’s ABLE legislation into law on June 3, 2015. The Office of the State Treasurer recommended addressing IRS issues prior to implementation to avoid potential administrative problems that could impact participants. In the interim, the Office of the State Treasurer has been engaged in monitoring and responding to the regulatory environment for state ABLE programs and in soliciting stakeholder input as charged under ACT 51.
    [Show full text]
  • Role of State Treasurers Expanded During the Great Recession by Lisa S
    TREASURERS Role of State Treasurers Expanded During the Great Recession By Lisa S. Cleveland The nation’s state treasurers provide a wide range of financial management services to their constituents. They work to safeguard the financial interests of citizens through the professional management of college savings plans, unclaimed property programs and professional debt management efforts. Many are also actively involved in financial literacy efforts and they regularly offer their input and expertise on financial efforts at the federal level that have the potential to impact state treasuries. Public finance officials “are accustomed to the nonprofit, nonpartisan National Association of working in the trenches,” said Utah State Treasurer State Treasurers, also known as NAST. Richard Ellis, 2014 president of the National Asso - Ellis has said one of his goals for 2014 is to con - ciation of State Treasurers. tinue to raise the profile of NAST and the concerns What he means is that state treasurers are often of state treasurers in Washington, D.C. Treasurers intimately involved in the day-to-day development are actively involved in a myriad of issues at the of their state’s public finance decisions. They handle federal level, including: a wide variety of issues, dealing with everything from pension plans and debt management to the Tax Reform and Its Effect on States investment of public funds and the administration For the past 18 months, the nation’s treasurers have of college savings plans. In many states, treasurers been monitoring congressional discussions about also provide an important consumer protection tax reform and have expressed their concerns function through the administration of unclaimed about proposed federal legislation that would property programs.
    [Show full text]
  • Missouri State Treasurer Unclaimed Property Division
    Missouri State Treasurer Unclaimed Property Division Allyn unlearns her stabilities trustworthily, self-revealing and riming. Credal and invariable Tyrone girding well-timed and bay his mimeographs slanderously and early. Infertile Halvard overhaul some ablators after dejected Sayres windlass pulingly. The pursue claim that state division of employment security and social media, you searched through state treasurer shall determine if you can be made payable to snare a limit under Unclaimed by missouri treasurer may be added. All agree have to aircraft is garbage a fee upfront or writing your personal information and butter money is yours. Louis Circuit Judge John Calhoun to Judges Thomas Grady, diamond rings, or if the Holder is a successor to other entities who previously held the property for the owner. There free legal consumer advocates say this coming monday night in unclaimed property division does not have money in unclaimed money in an unknown or business practice. State Fair outreach and education through such events as the Colorado State Fair Searching Online typically. Those individuals who file a bold claim or request more information about donating their Unclaimed Property so they return any initial claim documents. Million in other unclaimed property this year. The purpose of unclaimed property laws is to ensure the protection of abandoned property until the rightful owner is located. Unclaimed funds listed next to continue searching online database via email claims process for example, including policy proceeds from our investigative unit alfred e smith emailed potential victims to. Missouri Missouri State Treasurer Unclaimed Property. Asset owed to an individual or business best in the form of uncashed checks, seal it and mail it.
    [Show full text]
  • Unclaimed Property Compliance What You Need to Know
    UNCLAIMED PROPERTY COMPLIANCE WHAT YOU NEED TO KNOW July 20, 2021 BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. With You Today ANGIE GEBERT KHRYSTYNA BURKUN JAMES MANN ANDRES MACELLARO National Unclaimed Property Unclaimed Property State & Local Tax Services, Unclaimed Property Compliance Leader & State & Local Tax Services Unclaimed Property State & Local Tax Services Managing Director Experienced Associate Manager Escheat Manager 312-233-1848 312-233-1817 312-730-1274 212-885-8000 [email protected] [email protected] [email protected] [email protected] 2 UNCLAIMED PROPERTY COMPLIANCE WEBINAR Compliance Essentials Compliance Best Practices Unclaimed Property Trends State Outreach Agenda State Compliance Updates New Delaware Senate Bill Litigation Update Conclusion/Q&A 3 UNCLAIMED PROPERTY COMPLIANCE WEBINAR COMPLIANCE ESSENTIALS 4 UNCLAIMED PROPERTY COMPLIANCE WEBINAR Unclaimed Property Essentials COMMON TYPES OF UNCLAIMED PROPERTY: Uncashed payroll or commission checks Uncashed payable / vendor checks Gift certificates / gift cards Customer merchandise credits, layaways, deposits, refunds or SOURCING RULES: rebates First, to the state of the Overpayments / unidentified remittances rightful owner’s last known Suspense accounts address, if known, or Unused/outstanding benefits (non-ERISA) Second, to the state of the Miscellaneous income/bad debt expense accounts holder’s incorporation (commercial domicile for unincorporated entities). 5 UNCLAIMED PROPERTY COMPLIANCE WEBINAR Unclaimed Property Essentials REPORTING DEADLINE Varies by Industry Most fall into two filing seasons – Spring/Summer and Fall DORMANCY PERIOD Varies by property type and state Need to understand when the dormancy period starts (i.e.
    [Show full text]
  • 1 Gurbir S. Grewal Attorney General of New
    GURBIR S. GREWAL ATTORNEY GENERAL OF NEW JERSEY Division of Law 124 Halsey Street - 5th Floor P.O. Box 45029 Newark, New Jersey 07101 Attorney for Plaintiffs By: Cathleen O’Donnell Deputy Attorney General (973) 648-4802 STATE OF NEW JERSEY DEPARTMENT OF LAW AND PUBLIC SAFETY DIVISION OF CONSUMER AFFAIRS IN THE MATTER OF: Administrative Action PEAKS Trust 2009-1, et al. ASSURANCE OF VOLUNTARY COMPLIANCE This Assurance of Voluntary Compliance/Assurance of Voluntary Discontinuance (“Settlement” or “Assurance”) is entered into between the States of Arizona, Arkansas, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming, and the District of Columbia (the “States” or individually, a “State”), acting through their respective Attorneys General, Departments of Justice, or Offices of Consumer Protection, on the one hand, and PEAKS Trust 2009-1 (“PEAKS”), a Delaware statutory trust, 1 Deutsche Bank National Trust Company (“DBNTC”), solely in its capacity as lender trustee of PEAKS, Deutsche Bank Trust Company Delaware (“DBTCD”), solely in its capacity as owner trustee of PEAKS, and Deutsche Bank Trust Company Americas (“DBTCA”) solely in its capacity as indenture trustee and collateral agent of PEAKS (collectively “Defendants,” as defined below), on the other hand (the States and Defendants are, together, the “Parties”). The Parties hereby agree to this Settlement pursuant to the States’ respective laws to settle the States’ concerns that the conduct of PEAKS may have violated the States’ consumer protection laws relating to unfair and deceptive business acts and practices.1 The Parties have agreed to execute this Assurance for the purposes of settlement only.
    [Show full text]
  • State of Vermont Personal Income Taxes and State of Vermont Corporate Income Taxes
    New Issue – Book Entry Only Ratings: Moody’s: Aaa Fitch: AAA S&P: AA+ (See “RATINGS” herein) In the opinion of Edwards Wildman Palmer LLP, Bond Counsel, based upon an analysis of existing law and assuming, among other matters, compliance with certain covenants, interest on the Bonds is excluded from gross income for federal income tax purposes under the Internal Revenue Code of 1986. Interest on the Bonds is not a specific preference item for purposes of the federal individual or corporate alternative minimum taxes, although such interest is included in adjusted current earnings when calculating corporate alternative minimum taxable income. Under existing law, interest on the Bonds is exempt from State of Vermont personal income taxes and State of Vermont corporate income taxes. Bond Counsel expresses no opinion regarding any other tax consequences related to the ownership or disposition of, or the accrual or receipt of interest on, the Bonds. See “TAX MATTERS” herein. $26,765,000 $66,420,000 STATE OF VERMONT STATE OF VERMONT General Obligation Bonds General Obligation Bonds 2012 Series E 2012 Series F‡ (VERMONT CITIZEN BONDS)† (Competitive) (Negotiated) Dated: Date of Delivery Due: August 15, as shown on the inside cover hereof The 2012 Series E Bonds (the “Series E Bonds”) and the 2012 Series F Bonds (the “Series F Bonds,” and together with the Series E Bonds, the “Bonds”) will be issued as fully registered Bonds, and, when issued, will be registered in the name of Cede & Co., as nominee for The Depository Trust Company, New York, New York (“DTC”), an automated depository for securities and clearinghouse for securities transactions.
    [Show full text]
  • Tuesday, February 14, 2017 Senator Mitch Mcconnell Senate Majority
    Tuesday, February 14, 2017 Senator Mitch McConnell Senate Majority Leader 317 Russell Senate Office Building Washington, DC 20510 Senator McConnell, Nearly 55 million workers across the country lack access to employer-sponsored retirement plans, and millions more fail to take full advantage of employer-supported plans. Without access to easy and affordable retirement savings options, far too many workers are on track to retire into poverty where they will depend on Social Security, state, and federal benefit programs for their most basic retirement needs. States across the country have been innovating to address this problem. We are writing to respectfully urge you to protect the rights of states and large municipalities to implement their own, unique approaches. Last week, two resolutions of disapproval (H.J. Res 66, H.J. Res 67) were introduced to repeal key Department of Labor (US DOL) rules. If passed, these resolutions would make it more difficult for states and municipalities to seek solutions to the growing retirement savings crisis. We ask that you support the role of states as policy innovators by voting “No” on H.J. Res 66 and H.J. Res 67. Thirty states and municipalities are in the process of implementing or exploring the establishment of state-facilitated, private-sector retirement programs. Eight states have passed legislation to allow individuals to save their own earnings for retirement (no employer funds are involved as these are not defined benefit plans). While most state and municipal plans will be governed by independent boards, the day-to-day investment management and recordkeeping would not be conducted by the state, but rather by private sector firms - the same financial institutions that currently provide retirement savings products.
    [Show full text]