Are You Prepared for Unclaimed Property Inquiries?

Delaware VDA Invitations Are Out – Here’s What You Need to Know

The unclaimed property compliance landscape is shifting—and fast. States are becoming more aggressive and sophisticated in their outreach to businesses, utilizing multiple channels such as audits, voluntary disclosure agreements (VDAs), verified reports, and compliance reviews to enforce compliance.

For businesses of all sizes, the question is no longer if a state will reach out—it's when and how. And the stakes are rising.

Delaware: Time-Sensitive VDA Invitations Have Been Sent

On April 11, the State of Delaware began sending out a new wave of Unclaimed Property VDA invitations. If your company is incorporated in Delaware and receives one of these notices, you have only 90 days to respond. Failing to act could mean automatic referral for audit—an expensive and time-consuming process that often results in higher liabilities and interest penalties.

Companies that do not have complete records for the past 15 years are especially vulnerable. These gaps can trigger assumptions of liability, even when no unclaimed property exists.

Proactive Compliance = Reduced Risk

Staying compliant isn’t just about reacting to state demands—it’s about being ready for them in advance. Businesses that proactively address unclaimed property obligations can:

• Prevent audits and costly penalties

• Reduce operational disruption

• Protect internal resources

• Build trust with state regulators

How Advisely Can Help

At Advisely, we specialize in helping businesses prepare for and respond to unclaimed property inquiries—with a strong focus on high-risk jurisdictions like Delaware. Whether you’ve received a VDA invitation, verified report request, compliance review notice, or simply want to assess your exposure before the state knocks on your door, our experts are here to guide you.

We bring together:

• Deep experience in unclaimed property law

• Trusted relationships with state agencies and auditors

• A practical, business-minded approach to compliance

• Hands-on assistance throughout the VDA or audit process

  
  

Take Action Now

Unclaimed property compliance doesn’t have to be overwhelming. With the right guidance and preparation, your company can stay compliant, mitigate risk, and stay focused on growth. Connect with Advisely today to protect your business from costly surprises and ensure smooth, strategic compliance.