Currently browsing posts found in May2010

Recent headlines announced the “piercing” of Swiss banking secrecy laws to reveal many Americans owning huge, unreported income offshore. But it’s not just the big guys who are subject to reporting: Any US citizen with ownership or control over an account or accounts worth more than $10,000 during the year must report them to the […]

Posted at: May 10th, 2010 - 1:50 pm - Number of Comments » 0

When a financial institution has money for you, and can’t find you, after a certain period of time that money has to be turned over to the state, under what are called “escheat” laws. This is true around the country. We were recently surprised, on doing a search of some of our client’s names, to […]

Posted at: May 5th, 2010 - 10:23 am - Number of Comments » 0