The firm offers clients unparalleled experience dealing with issues involving state unclaimed property/escheat laws. Our five senior attorneys with unclaimed property expertise together have more than 85 years of experience advising major corporations on unclaimed property matters. We assist our clients in analyzing complex legal issues, obtaining legal opinions, conducting multistate/multi-entity internal compliance reviews, designing corporate compliance policies, advising on planning and related restructurings, negotiating voluntary disclosure agreements, defending single-state and multistate audits, litigating unclaimed property issues and influencing unclaimed property policy and administration. We offer the largest and most experienced national law firm practice specializing in unclaimed property. Two of our partners co-authored the highly respected BNA multistate tax management portfolio on unclaimed property laws, and they and their colleagues are recognized leaders in this field, as evidenced by their extensive authorship and keynote presentations on the subject at every major SALT and unclaimed property conference and symposium.
We offer our clients several different services. Attorneys will review a client’s existing compliance with reporting/transfer obligations and design internal procedures to ensure ongoing compliance. We have performed these services for a number of Fortune 100 companies. In addition, we have represented numerous clients in unclaimed property tax audits and in voluntary disclosure initiatives.
We also assist in restructuring our clients in order to minimize future liabilities. We currently represent more than two dozen issuers of gift certificates and electronic gift cards in evaluating and implementing restructurings of gift card operations, resulting in millions of dollars in escheat savings.