"Escheatments" Example Sentences
1. The treasurer's office dealt with multiple escheatments last month.
2. Escheatments can occur when an individual passes away without any heirs.
3. The state laws regarding escheatments vary from state to state.
4. The attorney had to research escheatments before advising the client.
5. Escheatments involve the transfer of unclaimed property to the state.
6. The executor of the estate was responsible for managing the escheatments.
7. The court ruled in favor of the state in the escheatment case.
8. We need to review our company's policies regarding escheatments.
9. The accountant was able to identify several escheatments from the financial reports.
10. Escheatments can be a complicated process, requiring legal expertise.
11. There was confusion over the escheatment process, leading to delays.
12. We received notice of an escheatment for unclaimed shares of stock.
13. The bank was responsible for managing the escheatments for the customers.
14. Our legal team is experienced in handling escheatment cases.
15. The IRS guidelines include provisions for escheatments of unclaimed funds.
16. The state audited the company's escheatments and found no discrepancies.
17. The executor of the will had to navigate the escheatment process for the estate.
18. Escheatments are a common issue for estates with no heirs or beneficiaries.
19. The lawyer advised the client to be aware of escheatment laws in their state.
20. We received notification of an escheatment from a former employee's account.
21. The company established procedures to prevent escheatments from occurring.
22. When no heirs can be located, escheatments may be necessary.
23. The state claimed the assets as part of the escheatment process.
24. The financial advisor recommended reviewing the accounts for potential escheatments.
25. Escheatments can be a revenue source for states, as the unclaimed assets become state property.
26. The state's escheatment laws provide safeguards to protect the interests of the owners.
27. The retirement plan administrator had to handle the escheatments of unclaimed funds.
28. The attorney filed a motion to contest the escheatment of the assets.
29. The corporation implemented new procedures to minimize escheatments.
30. The state treasurer's office manages the escheatment process for unclaimed property.
Common Phases
1. The state government conducts
escheatments to reclaim unclaimed property;
2.
Escheatments allow the state to take possession of assets that have been abandoned;
3. Property subject to
escheatments can include bank accounts, stocks, and other assets;
4. Companies are required to report abandoned property to the state for escheatment;
5.
Escheatments can benefit both the state and rightful owners of the property if it is returned to them.