Unclaimed property laws are often complicated and confusing. When do companies have to report this money? How does a consumer claim this money? How long does the government hold the money? All great questions… the problem is that there is no standard answer…
Often referred to as the burden of proof, the burden of persuasion can be very significant. The party who has this burden must convince the court; otherwise he loses!
The burden of persuasion falls to the state as it must convince the court that the property in question is in fact presumptively abandoned. Usually the states have met this burden.
{"id":34,"date":"2005-11-22T13:08:35","date_gmt":"2005-11-22T18:08:35","guid":{"rendered":"http:\/\/www.cashunclaimed.com\/unclaimed-property-blog\/unclaimed-property\/with-unclaimed-property-funds-who-has-burden-of-proof"},"modified":"2005-11-22T13:20:04","modified_gmt":"2005-11-22T18:20:04","slug":"with-unclaimed-property-funds-who-has-burden-of-proof","status":"publish","type":"post","link":"https:\/\/www.cashunclaimed.com\/unclaimed-property-blog\/unclaimed-property\/with-unclaimed-property-funds-who-has-burden-of-proof","title":{"rendered":"With Unclaimed Property & Funds, Who Has Burden of Proof?"},"content":{"rendered":"\n\n\t<\/p>
Unclaimed property laws are often complicated and confusing. When do companies have to report this money? How does a consumer claim this money? How long does the government hold the money? All great questions… the problem is that there is no standard answer…<\/p>\n\n\t
<\/p>
Often referred to as the burden of proof, the burden of persuasion can be very significant. The party who has this burden must convince the court; otherwise he loses!<\/p>\n\n\t
<\/p>
The burden of persuasion falls to the state as it must convince the court that the property in question is in fact presumptively abandoned. Usually the states have met this burden. <\/p>\n\n