Clients rely on us for our thoughtful and practical approach to addressing unclaimed property challenges.
States have long asserted the right to collect unclaimed or abandoned property and to hold that property until its true owner can claim it. In recent years, states have begun aggressively using this “escheat” authority to collect intangible property held by businesses and to use that unclaimed property as a source of revenue. States often rely on private, multistate, contingent-fee auditors using aggressive audit estimation to generate significant assessments for underreported property.
From advising on mitigating potential exposure to fighting unwarranted audits and assessments, our attorneys implement effective compliance strategies. We work closely with our clients’ in-house teams and their external consultants to protect their rights and work toward the best outcomes. Our realistic, no-nonsense guidance helps businesses manage risk and address issues before they become problems.