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New Year’s Resolutions for Unclaimed Property Professionals

Posted By Administration, Thursday, December 21, 2017

As the end of 2017 approaches, you may have begun thinking about new year’s resolutions for 2018. To help you with your list, UPPO offers several options for your consideration. Much like state legislatures evaluating the Revised Uniform Unclaimed Property Act, you may choose to adopt this list in its entirety, implement specific sections or stick with the same resolutions you’ve had in place since 1995.

 

Get at least seven hours of sleep nightly. Consider it your “required dormancy period.”

 

 

Travel somewhere you’ve never been. We hear Delaware is supposed to be pretty nice, plus you’ll have a chance to see where you send all that money.

 

 

Claim only reasonable exemptions. Stop justifying that nightly ice cream binge as a diet exemption by claiming calories are units of heat, but ice cream doesn’t count because it’s cold.

 

 

Don’t hold extended grudges. Take a lesson from Delaware S.B. 13 and Tennessee H.B. 420, and reduce your “lookback period.”

 

 

Implement a VDA program for your significant other. Encourage voluntary compliance with your “no major purchases without my approval” rule by offering to waive penalties in exchange for simply admitting that those obviously new golf clubs haven’t really been in the basement for ages. You probably snuck them in when I wasn’t home. I’m no fool. Just admit it, why don’t you?

 

 

Cut down on the use of “escheat” as a curse word.


 

 

Good luck and happy holidays from UPPO!

 

All images from giphy.com

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Michael Unger, Crowe LLP says...
Posted Sunday, December 24, 2017
Bravo! You forget to mention to eat plenty of fruitcake, because it’s far more palatable than a $5,000 penalty from Nevada. ;)

Happy holidays too all.
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