If the holder is located in South Carolina, will the State accept property belonging to owners with last known address in another state?
South Carolina will accept incidental property (Less than ten accounts totaling less than $1000) reportable to most other states from a South Carolina holder. Check here (42k .pdf) to see with which states South Carolina exchanges property and for each state’s requirements for reporting property to a state other than the state of last known address. Even though South Carolina will accept incidental property as a service to our in-state holders, we strongly recommend that property be remitted to the state to which it is reportable.
Related Questions
- If the holder is located in South Carolina, will the State accept property belonging to owners with last known address in another state?
- Can a holder not located in South Carolina include property reportable to South Carolina in a report to another state?
- Does the State of South Carolina get the property if a decedent leaves no Will?
