The Internal Revenue Service (IRS) recently issued Rev. Rul. 2020-24 and Rev. Proc. 2020-46 to provide direction with respect to qualified plan distributions paid to a state unclaimed property fund (i ...
There are all sorts of reasons you might have lost track of money. Think of a time you switched jobs but didn’t roll over your work-sponsored 401(k) account. Or perhaps you took the money in your ...
NEW YORK--(BUSINESS WIRE)--With more than a decade of law and technology experience, Peter Mastroianni, partner at award-winning national trial firm, Reichman Jorgensen, has announced the launch of ...
We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...
Our Unclaimed Property and Employee Benefits & Executive Compensation teams delve into the Department of Labor’s temporary ERISA enforcement policy for unclaimed retirement benefit payments of $1,000 ...
(NAPS)-If you have a bank account, are holding uncashed checks, own stock, are heir to an insurance policy or have property in a safe-deposit box, there are steps you can take to help protect your ...
Bank of America customers across the country could be at risk of losing access to their funds if they fail to meet certain activity requirements. The financial institution has confirmed it will close ...
If an employee fails to cash a payroll check, it is treated as abandoned property or "escheatment" by the state government, which eventually will take ownership of the check and hold the funds until ...
A packaging company’s suit against Delaware state officials that claimed the state’s estimation to assess the value of the company’s abandoned property violated its rights has survived a motion to ...
The economic downturn over the past few years has threatened retirement plans for some Americans who have diligently saved during their working years. According to Fidelity, individual retirement ...