Understanding unclaimed property dormancy periods by state and executing the appropriate decisions can make or break your company’s unclaimed property program. This is due primarily to the fact that each state has varying dormancy periods. To complicate matters even further…
See our California state page for more information about California Unclaimed Property Reporting Looking for information on unclaimed property & escheat law in California? This post will point you in the right direction with some general facts & knowledge about California unclaimed property laws and regulations. If at the end, you still have questions or […]
The objective of the unclaimed property due diligence letter is to provide proper notice to the apparent owner of abandoned or unclaimed property in an attempt to resolve the item. This post will analyze the key elements of an effective due diligence mailing to both ensure compliance with state escheat laws and to maximize the return of property to owners.
The State of Delaware Department of Finance is sending out letters reminding organizations of their annual unclaimed property responsibility. While Delaware accepts negative or $0 reports they do not require negative reporting. It appears that these letters are targeted to holders that previously reported unclaimed property to the State of Delaware but may have discontinued […]
According to state estimates, only 10-12% of companies nationwide are in compliance with state unclaimed property provisions. In an effort to increase voluntary compliance rates, states are increasingly reaching out to companies that they believe may have potential unclaimed property exposure to seek an understanding of their potential exposures and invite them to come into […]