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April 19, 2021
2021-0803

Thursday, May 6 | Unclaimed property enforcement amidst regulatory compliance challenges (1 pm ET)

The topic of unclaimed property still mystifies some organizations, particularly the enforcement and application, which differ greatly from other indirect regulatory obligations. Why is it important? Why does my organization need to annually comply? Ernst & Young LLP would like to level set on the basics of unclaimed property and why an organization would benefit from sound accounting policies and tracking in order to mitigate risk and decrease cost. Additionally, we will discuss the regulatory and audit landscapes as they continue to change, often contradicting one another as holders strive to adapt and comply. State statutes are in flux, as more and more states are adopting or considering adoption of the Revised Uniform Unclaimed Property Act (RUUPA) of 2016.

Please join members of Ernst & Young LLP’s Unclaimed Property and Escheat Services practice as they address the current landscape. Our panel also welcomes guest speakers Michael Houghton and Donna Culver from the Unclaimed Property practice group of the Delaware law firm of Morris, Nichols, Arsht & Tunnell LLP, who will discuss specific challenges to Delaware’s unclaimed property enforcement program, as well as ambiguities, risks, and defenses presented with ongoing litigation.

The following topics will be discussed on this webcast:

  • Why is unclaimed property important?
  • Audit enforcement and “voluntary” compliance
  • Legislative, administrative and litigation updates
  • State-specific nuances in Delaware, among others
  • Compliance and asset recovery

Date: Thursday, 6 May 2021

Time: 1:00–2:00 p.m. EDT New York; 10:00–11:00 a.m. PDT Los Angeles

Registration: View archive here.

Panelists

  • Michael Houghton, Partner, Morris, Nichols, Arsht & Tunnell LLP

  • Donna Culver, Partner, Morris, Nichols, Arsht & Tunnell LLP

  • Sarah Toi, Principal, Unclaimed Property and Escheat Services, Ernst & Young LLP

  • Aurianne Lopatka, Senior Manager, Unclaimed Property and Escheat Services, Ernst & Young LLP

  • Ryan Buzzelli, Manager, Unclaimed Property and Escheat Services, Ernst & Young LLP

Moderator

  • Kaitlyn Gorman, Senior, Unclaimed Property and Escheat Services, Ernst & Young LLP

CPE credit offered: up to 1.2 depending on duration. Recommended field of study: Taxes. Learning objective: Provide insights related to unclaimed property increased audit activity and “voluntary” enforcement, legislative updates, leading-practice compliance processes, and asset recovery. This intermediate level, group internet-based course has no prerequisites or advanced preparation. Final CPE award to be based on content, polling and length of participation. See CPE FAQ for more information.

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