I have bank stock that has been in the family for 4 generations now. I have it signed over to go to my kids upon my death with the dividends re-invested for growth in the number of shares.
I received a letter in the mail telling me my account was in jeopardy of being taken over by the state.
It seems the state of Indiana no longer recognizes the mailing of statements as proof of an active account and they want to seize any assets not deemed "active".
This is an account that has quarterly dividends with issue of statements and list of stock growth and it would seem the state wants me to be more proactive than every 3 months.
So it would seem that any grandparents that have an account stuck away for kids or grand kids will need an active social media account set up or frequent recorded phone calls with the investment firms to keep the state from stealing the future you had intended to leave to your children.
Thanks Indiana, I will sleep better tonight knowing you are actively grave robbing the whole damn state's future...
I received a letter in the mail telling me my account was in jeopardy of being taken over by the state.
It seems the state of Indiana no longer recognizes the mailing of statements as proof of an active account and they want to seize any assets not deemed "active".
This is an account that has quarterly dividends with issue of statements and list of stock growth and it would seem the state wants me to be more proactive than every 3 months.
So it would seem that any grandparents that have an account stuck away for kids or grand kids will need an active social media account set up or frequent recorded phone calls with the investment firms to keep the state from stealing the future you had intended to leave to your children.
Thanks Indiana, I will sleep better tonight knowing you are actively grave robbing the whole damn state's future...