What s the rush to claim the assets if they ve remained dormant all this time?
We think you d prefer to have the assets now, rather than risk losing them to the Government under abandoned property laws, which are being more strictly enforced these days. Also, fluctuating economic conditions could have an adverse effect on the assets you re presently entitled to claim. Additionally, in some cases dormant funds do not earn interest until the account is reactivated. Finally, some assets may be bar-dated. In those situations, claims have to be presented before the bar date or else the assets become forfeited and lost forever.
Related Questions
- Can a person, who was not an insured person at the time of his superannuation but who remained an insured person at some stage of his employment, claim medical benefits?
- What is the time frame for an insurance company to settle my claim in the Commonwealth of Virginia?
- What s the rush to claim the assets if they ve remained dormant all this time?
