What to expect in unclaimed property trends for 2021 | Eversheds Sutherland (US) LLP
To embed, copy and paste the code into your website or blog: Many US companies will face the threat of increased unclaimed property exposure in 2021 as states and private litigants ramp up audits, litigation and legislative changes designed to increase payments to states. Although states already view escheat as an important source of revenue, budget strains stemming from the pandemic will increase pressures to generate revenue through unclaimed property enforcement. State legislatures likely will return their focus to unclaimed property legislation this year, which could remove important exem...