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No business wants to be in the headlines for not being compliant with the law and being assessed millions of dollars in penalties and interest.  Failure to comply with state unclaimed property statutes poses such a risk. 

In this course we provide an overview of the unclaimed property regulatory scheme and discuss its nuances and their impact on businesses.  We also identify major non-compliance risks and audit triggers and discuss how to analyze your company’s escheat compliance and how to work toward full compliance.  We also explore the use of state voluntary disclosure agreements and their advantages and disadvantages. 

The course serves as a summary review of the basic unclaimed property concepts related to state jurisdiction, enforcement and suggested practices for effecting escheat compliance. 

Learning Objectives

  • Define the terms “holder” and “unclaimed property” and recognize how they apply under state unclaimed property laws
  • Discover how the federal common law rules apply to state jurisdiction over outstanding intangible property
  • Identify the types of risks posed by non-compliance with escheat laws
  • Discover how voluntary disclosure can be used as a method for minimizing liability
Last updated/reviewed: September 18, 2018

13 Reviews (40 ratings)Reviews

4
Anonymous Author
I recommend eliminating distractions in your audio recording and make your slides less complex and wordy. The topic and material was good.
4
Member's Profile
Lots of good information about compliance with unclaimed property laws and relevant legal citations to help understand the process.
5
Member's Profile
This was a good session - lots of relevant information for someone who knew escheat was necessary but did not know much else.
4
Anonymous Author
Good overall concepts relayed. Reporting requirement for each state by property type were not part of the presentation.
Member's Profile
Good, basic overview of unclaimed property. Instructor was a bit dry, but seemed to know what she was talking about.
4
Anonymous Author
Good, straightforward analysis of what is required and how to satisfy the regulations.
5
Member's Profile
I learned a basic concepts and as well the detailed course about the complain.
5
Member's Profile
Great insights and guidance to take necessary steps to get in compliance.
4
Anonymous Author
The presenter was very knowledgeable, but the delivery was a bit dry.
4
Member's Profile
Good insights, particularly on what/who is at risk where.
5
Member's Profile
Very informative and good suggestions for compliance!
4
Anonymous Author
Good overview of unclaimed property compliance.
5
Anonymous Author
Good presentation
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Prerequisites

Course Complexity: Intermediate

Prerequisite: Awareness of unclaimed property requirements

 

Advanced Preparation: None

 

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
  Course Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  0:58PREVIEW: Introduction to Unclaimed Property Compliance
Unclaimed Property Compliance
  9:03Background
  3:52Who Must Comply
  12:43Issues and Risk
  10:49How to Become Compliant
  10:27Benefits of Voluntary Compliance
CONCLUSION
  4:15Suggested Practices
SUPPORTING MATERIALS
  PDFSlides: Unclaimed Property Compliance
  PDFUnclaimed Property Compliance Glossary/Index
REVIEW & TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM
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