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Unclaimed Property: Legal and Ethical Considerations, Managing Risks From Increased State Enforcement

A live 90-minute CLE video webinar with interactive Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Thursday, July 18, 2024 (Today)

1:00pm-2:30pm EDT, 10:00am-11:30am PDT

or call 1-800-926-7926

This CLE webinar will provide essential knowledge regarding unclaimed property (UP) law, including important trends, risk assessments, reporting, and ongoing considerations, to help companies and their counsel navigate the evolving legal and compliance landscape.

Description

Unclaimed property (UP) is a significant source of nontax revenue for many states. Every U.S. state has--and actively enforces--laws governing the disposition of UP. Moreover, UP law is developing rapidly and litigation and audits are on the rise. In 2023, the U.S. Supreme Court issued a ruling on an interstate dispute over UP, its first such UP ruling in several decades.

Most companies have the potential to generate UP and are responsible for the obligations associated with it. Because a property owner's state has first claim to the property, a company could have compliance obligations in multiple states. Counsel must ensure that companies know, understand, and comply with UP laws.

Listen as our expert panel guides companies and their counsel through the laws, trends, and compliance obligations associated with UP. The panel will discuss legislative changes, key case law decisions, risk assessments, reporting, strategies to mitigate risk, and more.

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Outline

  1. UP basics
  2. Trends in UP
    1. State law changes
    2. Increased self-audits and VDAs
    3. Increased litigation
    4. Increased state outreach
  3. Risk assessments
  4. Reporting
    1. Before escheatment
    2. Compliance calendar
    3. Key objectives
  5. Best practices and ongoing considerations

Benefits

The panel will explore these and other relevant issues:

  • Key UP concepts
  • UP compliance in a multistate environment
  • Reporting and risk assessments
  • Best practices to manage and mitigate risk and ensure ongoing compliance

Faculty

Chenowth, Matthew
Matthew B. Chenowth, Esq.

Director
Baker Tilly US

Mr. Chenowth has extensive experience in unclaimed property consulting, specializing in the development and...  |  Read More

Sadik, James
James Sadik

Principal
Baker Tilly US

Mr. Sadik has 35 years of experience in all aspects of unclaimed property including the conducting of large-scale...  |  Read More

Tucci, Robert
Robert Tucci

Principal
Baker Tilly US

Mr. Tucci has extensive experience in unclaimed property consulting, specializing in the performance of comprehensive...  |  Read More

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You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. Strafford will process CLE credit for one person on each recording. All formats include course handouts.

To find out which recorded format will provide the best CLE option, select your state:

CLE On-Demand Video

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