Demo Educational Session

MORE COMING MID-JUNE!

Unclaimed Property: Hidden Mysteries Solved

29047

CATEGORY: CREDIT MANAGEMENT
SESSION LEVEL: INTERMEDIATE

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Session Description:

Unclaimed property continues to be an evolving issue that impacts companies from credit managers all the way to the C-Suite and everywhere in between. Often, unclaimed property is hiding in your company and you may not know it. If you are filing, you also may wonder what actually happens to the property after you report it.

This session will help debunk some of those mysteries and help you uncover some potential hidden liabilities. We will break it out into two sections: (1) discussing recent developments in unclaimed property as many states continue to adopt new legislation and consider new reporting requirements, and considerations for companies going through a merger and acquisition and how to protect yourself from hidden unclaimed property liability; and, (2) hearing directly from the State of Delaware’s unclaimed property regulator regarding opportunities for voluntary compliance and enforcement risks for noncompliance, as well as the states’ efforts to return property to the rightful owners after reporting.

Speakers:


Troy Wangen

True Partners Consulting LLC



Brenda Mayrack

State of Delaware

Biographies:

Troy Wangen is a Managing Director in the Unclaimed Property Practice in True Partners Consulting’s Chicago office. He has extensive experience in unclaimed property consulting, specializing in the development of strategic defense for unclaimed property audits, and the analysis, quantification and mitigation of potential unclaimed property exposure. Before joining True Partners Consulting LLC, Mr. Wangen held the position of Manager for Thomson Reuters’ ONESOURCE® Unclaimed Property Group, and served in a similar role as a Senior Consultant in the Unclaimed Property Practice of Deloitte & Touche LLP.

Troy serves as the President for the Board of Directors for the Unclaimed Property Professionals Organization (“UPPO”) effective March 25, 2019. Troy has spoken for holder education seminars sponsored by UPPO, Lorman, the National Association of Credit Management, the American Payroll Association, the Chicago Bar Association, and other professional groups, while he also is the co-author of the article “The Massachusetts Abandoned Property Law: What CPAs need to know,” SumNews, Winter 2008.