The Clock is Ticking

In Advisely’s March 7, 2024 blog post, we discussed the Delaware Voluntary Disclosure Agreement (“VDA”) program for unclaimed property. Delaware issues “invitations” to companies to enroll in the VDA program. The most recent mailings were issued in late February. The communication explains that failure to respond within 90 days will likely result in an audit.

As the deadline is quickly approaching, companies should ensure personnel are educated regarding the current internal policies and how the VDA response will impact your organization. There is no one-size-fits-all approach to unclaimed property enforcement. As our experts have extensive experience with the VDA and audit processes, contact us to guide you through your options.