Insights
Unclaimed property compliance, enforcement updates, and practical guidance from our team of former auditors.
October 31 and November 1 aren’t the finish line — they’re the date everything else was supposed to be done by. Here’s what holders need to have in motion right now.
For most U.S. holders, the fall unclaimed property reporting season closes on October 31 or November 1. That is roughly ten weeks from today — and the steps that make a filing accurate and defensible cannot be compressed into the last two weeks of October.
National Unclaimed Property Day is February 1st. Billions of dollars in financial assets are sitting unclaimed across the United States—waiting to be reunited with their rightful owners.
Unclaimed property reporting is rarely a “once-a-year” task. Early preparation is one of the best ways to reduce risk and avoid last-minute fire drills.
The California State Controller’s Office will mail roughly 4,000 reminder notices to large businesses as part of its Voluntary Compliance Program outreach.
With the signing of Senate Bill 822, California became the first state to officially protect unclaimed cryptocurrency from forced liquidation during the escheatment process.
On August 15, 2025, the Delaware Secretary of State issued another wave of VDA invitations. Failure to respond within 90 days results in an automatic audit referral.
Mishandling unclaimed property obligations during an acquisition can result in years of inherited liabilities that blindside even seasoned deal teams.
A plain-English guide to what the VDA invitation means, what’s really at stake, and the five things to do before your 90-day window closes.
Delaware VDA invitations are out. The question is no longer if a state will reach out—it’s when and how. And the stakes are rising.
As state governments continue to rely on unclaimed property as a source of revenue, enforcement activity and compliance expectations are steadily increasing.
All 50 states have unclaimed property laws, and reporting errors, gaps, or recent acquisitions can trigger enforcement techniques from audits to verified reports.
The next round of Delaware VDA program invitations is scheduled to be mailed around November 15th, 2024. Businesses receiving these letters should take them seriously.
Unclaimed property reporting is a year-round responsibility. Companies should begin owner outreach at least 4–6 months before the reporting deadline.
The State of Delaware recently issued another batch of verified report notices. Holders are required to respond within 30 days.
Failing to comply with unclaimed property regulations can result in heavy fines, penalties, and interest. Here’s how Advisely helps businesses stay compliant.
The most recent Delaware VDA invitations were issued in late February. Failure to respond within 90 days will likely result in an audit.
Hundreds of companies will be invited to participate in Delaware’s VDA program this year. The latest mailings were sent on February 23, 2024.
Delaware changed its custodian for the reporting of securities to Wells Fargo Advisors. Holders should follow the updated instructions in the Holder Reporting Guide.