The more I look into this, I don't see that any pre-tax deductions can be taken for life insurance over $50K. I was equating life insurance with LTD, for instance, where pre-tax deductions yield taxable benefits and post-tax deductions yield tax-free benefits. I now don't see how this can apply to life over $50K.
Claiming Unclaimed Property in Oklahoma. In Oklahoma, property is generally presumed abandoned if it has remained unclaimed by the owner for more than five years after it becomes payable or distributable. However, this time limit varies depending on the type of property involved. Once abandoned property is turned over to the state by a business, an individual then has the burden of reclaiming from the state. Reporting Unclaimed Property in Oklahoma. In Oklahoma, a holder of abandoned property valued at $50 or more must file a verified annual report containing information concerning the property required by the Oklahoma State Treasurer. The report must be filed before November 1 for property reportable as of September 1, except that for life insurance companies, the report must be filed before May 1 for property reportable as of March 1.
Find an abandoned property to claim. There are acres and acres of unclaimed land available in many U.S. states: in many cases, the owners of the property have died without leaving any heirs--or haven't been able to pay their property taxes--and the land ownership has defaulted to the city, county, or state.o make an adverse possession claim, you must be able to prove that you've been the sole occupant of the land for a set number of years--usually 20, although it can be as little as five years if you've been paying property taxes on the land.