Royalty payments to deceased landholders

December 18, 2020

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Q. We have hundreds of land holders that we make royalty payments to each quarter. Over the years, some have passed away yet we continue to issue checks to the holders, but they are never cashed. We have been unable to contact any beneficiaries ... is there any limit to how long we need to continue to issue these payments? A. (Answered by Jim Sadik of True Partners Consulting LLC, a 3rd party, independent advisory services firm offering experienced and practical help for unclaimed property and…

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