Product Description
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The field of unclaimed property
has grown dramatically over the past few years. States have become more
aggressive in enforcing their unclaimed property laws and have been changing
them substantially nearly every year. This has created a compliance issue that
is complex and at times confusing to companies who generate and hold unclaimed
money. A whole industry of unclaimed property service providers has grown up in
the past 10 years to address the issues of compliance with these complex and
ever-changing laws.
Owners of unclaimed property can
now access this information on the Internet through several websites, including
sites provided by the states themselves. The public policy goal of the unclaimed
property laws has been achieved by putting into the public's hands online access
to the vast databases of unclaimed money owed to individuals and corporations by
the states. This has substantially raised the consciousness of unclaimed
property laws, the responsibility to report unclaimed property by corporations,
and the operational issues that such compliance raises.
Unclaimed Property: Laws,
Compliance and Enforcement by noted unclaimed property authorities,
Anthony L. Andreoli and J. Brooke Spotswood, is a BRAND-NEW RESOURCE from CCH. It puts the entire
body of unclaimed property law in one concise work that gives not only the
statutory law, but also carefully analyses the rich body of case law that has
developed in the field over the past century. Many major concepts in the law of
unclaimed property have come from the courts in countless decisions on what
rights and obligations holders of unclaimed property have and how these laws
serve to protect the interests of owners who have lost or forgotten certain of
their assets.
This insightful guide summarizes
the duties imposed by the statutes upon holders, carefully analyzes the case
law, and discusses the state administrative aspects that make unclaimed property
compliance perplexing to many. As the states step up their enforcement of their
unclaimed property laws by hiring more auditors, including contingent-fee
private contract auditors, holders of unclaimed property will be compelled to
address the issues raised in this field. This new book offers a complete,
self-contained reference providing answers to today's unclaimed property
questions on the law, how to comply with the law, and how states enforce these
laws.
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