Been Assessed for Unclaimed Property Exposure by a State?
Here are some key takeaways to be aware of:
– Most State assessments for unclaimed property exposure are only estimates because the Holder lacks records to support their findings.
– Keeping the right support documention can prove invaluable during an unclaimed property review or audit.
– A company’s/Holder’s understanding of what unclaimed property is and the actual finding may be totally different.
– Being proactive is always a better approach than being reactive whenever it comes to unclaimed property related issues and determining exposure.
