Alston & Bird Tax Blog

Escheat

Special Challenges with Escheating Tax-Deferred Retirement Assets

By

Holders and custodians of retirement assets, such as 401(k)s, IRAs, and Roth IRAs, face numerous challenges associated with the potential escheatment of these tax-deferred retirement assets. In this installment of “UP Ahead” for Tax Notes State, unclaimed property partners Kendall Houghton and Matt Hedstrom discuss the scope of federal preemption in this arena and the concept of voluntary escheatment of tax-deferred retirement assets. Read the full article here. [...]Read more

Unclaimed Property Challenges in the Health Care Industry

By and

States across the country are undertaking unclaimed property audit campaigns. These audits are targeting large national health care providers and insurance companies. Learn from Unclaimed Property partners Kendall Houghton and Matt Hedstrom why these audits raise HIPAA and unclaimed property concerns for the health care sector.

Click here to read the article.

  [...]Read more

What Is the Future State of Unclaimed Property?

By

Over the past two years, a series of sea-change developments in the unclaimed property compliance arena has impacted corporations in the U.S. As part of this series of articles produced by Duff & Phelps asking what's next, Kendall Houghton considers how investment assets will continue to generate audit disputes and litigation.

Read the articles here. [...]Read more

Predicting the Possible “Perfect Storm” of Unclaimed Property Trends in 2018

By and

Our Unclaimed Property Group looks ahead to 2018’s perfect storm of holder- and state-initiated litigation and more.

Litigation – what happened and what’s next
Adopting the Revised Uniform Unclaimed Property Act
The ABA’s Model Unclaimed Property Act
Delaware’s VDA program

Read the full advisory here. [...]Read more

Unclaimed Property ADVISORY: Delaware’s Escheats Law Faces Due Process Challenge

By

Our Unclaimed Property Team delves into the Third Circuit decision that gives Plains’s due process claim its day in court and could give holders a leg up on Delaware’s Escheats Law.

The district court dismisses on all counts
Third Circuit allows due process claim
The implications

Read the full advisory here. [...]Read more