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Michigan Escheat Laws

Friday, May 8th, 2009
Posted by Tamara
If a person dies without any heirs in Michigan, his or her property reverts to the government.

This Michigan real estate law is known as escheat.

This term is often used in real estate where unclaimed family property reverts to the state, but many people ... continue reading

Tennessee 401k

Thursday, December 25th, 2008
Posted by Tamara
If an employee in Tennessee suspects her company is misusing her 401k contributions, what can she do? Regular deductions are taken from her paycheck, but have not shown up on her 401k statements.

The situation with the Tennessee employee certainly sounds as if something is not quite ... continue reading

South Carolina 401k

Wednesday, December 24th, 2008
Posted by Tamara
Unfortunately, a number of South Carolina employees have had 401k contributions stolen recently. A South Carolina employee contributes to a 401k by regular payroll deductions, but the contributions haven’t shown up on her 401k statements. Is it possible that her employer is misappropriating her 401k deductions? If so, what ... continue reading

South Dakota 401k

Tuesday, December 23rd, 2008
Posted by Tamara
A South Dakota employee contributes to a 401k plan, but the deductions from her paycheck do not show up on any of her 401k statements. Is it possible, her company is misappropriating these 401k funds? What action should the employee take?

It certainly is possible, and unfortunately, ... continue reading

Texas 401k

Wednesday, December 17th, 2008
Posted by Tamara
A Texas employee suspects her employer is misusing her 401k funds. Regular deductions are taken from her paycheck, but they do not show up on her 401k statement. What actions can or should she take?

The Texas employee should run to the nearest phone and contact EBSA ... continue reading

Vermont 401k

Saturday, December 13th, 2008
Posted by Tamara
If a Vermont employee suspects her employer is misappropriating employee benefit funds, what action can or should she take?

The employee should run to the nearest phone and contact the Employee Benefits Security Administration (EBSA) at 866-444-EBSA (866-444-3272).

This federal agency is in charge of ... continue reading

Utah 401k

Wednesday, September 17th, 2008
Posted by Tamara
An employee in Utah is enrolled in a 401k program. Deductions are made from her paycheck, but her 401k statements do not show any deposits. Is it possible her contributions are being misappropriated? If so, what should she do?

The employee should call EBSA at 866-444-EBSA (866-444-3272) ... continue reading

Connecticut 401k

Friday, September 12th, 2008
Posted by Tamara
In Connecticut, an employee suspects that his 401k funds are being misappropriated. His paycheck shows regular deductions for the plan, but his statements do not show any deposits. What are this employee’s options for reporting this situation?

The first and primary option is to immediately call the ... continue reading

Maine 401k

Thursday, September 11th, 2008
Posted by Tamara
In Maine, an employee has regular deductions made from his or her paycheck for the company 401k plan. The 401k statements, however, do not show any deposits. Is it possible that the worker’s funds are being misappropriated by the employer? If so, what recourse does the employee have?

... continue reading

Michigan 401k

Tuesday, September 9th, 2008
Posted by Tamara
An Michigan employee is enrolled in a company 401k plan, but the 401k statements do not reflect any deposits. Money is being regularly deducted from the employee’s paycheck, so the worker becomes suspicious. Where is that money going?

This scenario could be a case of the employer ... continue reading

New York 401k

Friday, September 5th, 2008
Posted by Tamara
In 2006, the U. S. Department of Labor recovered almost $25 billion in employee benefit funds which had been misappropriated by employers. Sadly, some statistics state that the recovered funds equaled a mere 25% of the amount taken.

Of the funds misappropriated, some were used to bolster ... continue reading

California Escheat Laws

Tuesday, June 24th, 2008
Posted by Tamara
In California real estate law if a property escheats, title to the real estate reverts to the government. Usually this   means the property owner has died with no living heirs and no will. Therefore, his or her property reverts to the state government.   This law is based ... continue reading

Arkansas 401k

Thursday, June 12th, 2008
Posted by Tamara
The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law that overlooks pension and health care plans that are established by private businesses and provides protection for employees who have these plans, such as pensions and 401ks.

ERISA is enforced by the Employee Benefits ... continue reading

Maryland 401k

Monday, June 9th, 2008
Posted by Tamara
If an employee checks on the deposits into his or her 401k account and finds that some of the funds are missing or short it is possible the employer has misappropriated money that was designated to the account.   This matter should be reported immediately to the Employee Benefits ... continue reading

Kentucky 401k

Wednesday, June 4th, 2008
Posted by Tamara
If an employee suspects that he or she has made contributions to a 401k plan and does not see any deposits in the account this is a very serious matter and should be taken care of immediately.   The agency that enforces the Employee Retirement Income Security Act of ... continue reading

Minnesota 401k

Thursday, May 29th, 2008
Posted by Tamara
The Employee Benefits Security Administration (EBSA) is the federal agency that oversees the Employee Retirement Income Security Act (ERISA).   If an employee suspects he or she has made contributions to a 401k plan but does not see deposits showing up on the account the employee should immediately notify ... continue reading

Nevada 401k

Sunday, May 25th, 2008
Posted by Tamara
In Nevada, and all other states in the nation, the Employee Benefits Security Administration (EBSA) is the federal agency that overlooks the Employee Retirement Income Security Act of 1974 (ERISA).   ERISA enforces the minimum standards for voluntary pension and health plans in private enterprises and ensures that those plans ... continue reading

Florida 401k

Friday, April 11th, 2008
Posted by Tamara

An employee in Florida recently suspected that her 401k funds were being mishandled by her employer. She suspected this because even though deductions were being made from her paycheck each week, those funds were not appearing on her 401k statements.

This employee, as well as any others who suspect ... continue reading

Colorado 401k

Thursday, April 10th, 2008
Posted by Tamara

Benefit funds, including 401k contributions, are sometimes mishandled by not only employers in Colorado, but by employers throughout the Union. The most important thing for employees to do is keep a vigilant eye on where their funds are going. Be sure to check payroll deductions that are being made, and ... continue reading

Pennsylvania 401k

Thursday, April 3rd, 2008
Posted by Tamara

In Pennsylvania, there have been some instances in which employees have believed that their 401k funds were misappropriated. Should any worker start noticing that, even though deductions are being made from their paychecks, no deposits are showing up on their 401k statements, then it should raise some concern.

In ... continue reading

Montana 401k

Wednesday, April 2nd, 2008
Posted by Tamara

Employees in Montana frequently have questions about exactly where their 401k contributions are going. In situations where employees believe that their payroll deductions are not going into their 401k funds, they should make haste to contact the Employee Benefits Security Administration (EBSA).

EBSA is responsible for enforcing the federal ... continue reading

Alabama 401k

Tuesday, April 1st, 2008
Posted by Tamara

Alabama employers, as well employers throughout the United States, have been caught stealing 401k funds from employees on different occasions. The time for employees to become suspicious is if they begin noticing that the deductions that are being taken from their pay are not going into the designated savings funds. ... continue reading

Louisiana 401k

Friday, January 4th, 2008
Posted by Tamara

The Employee Retirement Income Security Act (ERISA) of 1974 is a federal statute that sets the minimum standards for a majority of pension and health plans in the private sector.  It provides protection for individuals that are involved in these and other similar plans, like the 401k for example.  The ... continue reading

Alaska 401k

Tuesday, January 1st, 2008
Posted by Tamara

It appears that 401k contributions are being embezzled in Alaska. The deductions are made from all the employee’s checks, but the 401k statements don’t show any deposits. What’s an employee to do?

These sure look like the signs of the employer embezzling funds allocated for an employee 401k account. ... continue reading

Georgia 401k

Thursday, December 27th, 2007
Posted by Tamara

If an employee thinks that their 401k contributions are being misappropriated, what should they do?  Suppose deductions are being taken from the employee’s checks, yet the 401k statements show no deposits, what then?

The situation being described in this question seems to be a firm reason to suspect that ... continue reading

Alabama 401k

Thursday, December 27th, 2007
Posted by Tamara

If an employee suspects that their 401k contributions are being misappropriated, they should contact EBSA, the employee benefits security administration.  That number is 886-444-3272.  EBSA is responsible for enforcing ERISA in the state of Alabama an the rest of the United States.  ERISA stands for the Employee Retirement Income Security ... continue reading

Kansas 401k

Wednesday, December 26th, 2007
Posted by Tamara

In the year 2006, $25 billion in embezzled employee benefit funds were recovered, according to the U.S. Department of Labor.  This accounts for only 25% of the total amount of misappropriated funds taken from 401k, pension, and health care accounts.  Money was deducted from employee payroll checks for these funds, ... continue reading

Iowa Wills

Friday, October 5th, 2007
Posted by Priscilla

Wills have various purposes:

Designation of estate to surviving parties Designation of guardian for minor children Naming an executor of an estate Establishing exceptions to the ability to distributer property Establish community property that passes to the surviving spouse Provide for pets by assigning a caretaker

Most people do ... continue reading

Wyoming Estate Planning Laws

Saturday, November 18th, 2006
Posted by James

I was wondering the other day about Wyoming Estate Planning Laws . . . specifically how to lower the federal tax transfer liability. In particular, I was wondering how this all worked for married couples.

And here’s what I found out. There is an unlimited marital deduction if you ... continue reading

Wisconsin Estate Planning Laws

Saturday, November 18th, 2006
Posted by James

If you draw up a will, is all your property covered under Estate Planning Laws? Since I’m in the middle of drawing up my estate plan, I thought this was a question I needed some clear answers to.

After looking into things a bit I found out that the ... continue reading