Justices Alito and Thomas Welcome Challenge to States’ Unclaimed Property Laws


Diann Smith said that statements made by two US Supreme Court justices regarding California’s unclaimed property escheat process constituted “a recognition that this is a revenue source and that it frequently lacks the transparency of most taxes and becomes something akin to a slush fund for some states.” Ms. Smith called the Court’s apparent willingness to hear a future challenge on unclaimed property laws “definitely a wake-up call for some states.”