Unclaimed Assets: The Silent Risk Facing Businesses & Estates Today

 Unclaimed Assets: The Silent Risk Facing Businesses & Estates Today



In today’s competitive and compliance-driven landscape, many organizations are actively monitoring risk, streamlining operations, and enhancing governance. Yet, an often-overlooked area—unclaimed property compliance—is becoming a growing threat to businesses of all sizes. Whether it's uncashed checks, dormant accounts, or escrow balances, states are intensifying enforcement, and the cost of non-compliance can be steep.



What Is Unclaimed Property?
Unclaimed property refers to tangible or intangible assets held by businesses that have been inactive or unclaimed by the rightful owner for a statutory period, known as the dormancy period. This can include:

  • Uncashed payroll or vendor checks

  • Customer overpayments

  • Gift cards or store credits

  • Escrow accounts and dividends

  • Refunds and rebates

Once the dormancy period ends, businesses must report and remit these funds to the appropriate state authority.


Why It Matters Now
State governments are increasingly turning to unclaimed property audits as a revenue stream. These audits can go back 10–15 years and often involve aggressive third-party auditors working on a contingency basis. Even companies with no bad intent can find themselves facing major penalties and interest for failing to comply.


Common Misconceptions
Many business leaders believe that unclaimed property laws only apply to large corporations, or that it’s just a minor administrative concern. In reality:


  • All states have unclaimed property laws

  • All businesses are subject to them, regardless of size or industry

  • Lack of knowledge is not a defense in an audit


How The RR Auditor's. Can Help
They specialize in researching, identifying, and recovering unclaimed property for both individuals and organizations. Their services extend beyond recovery—they help businesses:

  • Conduct proactive audits of outstanding liabilities

  • Identify property types that may trigger reporting

  • Prepare and file state reports in compliance with applicable laws

  • Recover assets owed to the company or its clients

  • Mitigate exposure before a state audit occurs

With a  proprietary estate and asset locator platform, combined with administrative consulting, ensures accurate, timely, and defensible unclaimed property management.



Next Steps for Business Leaders


Unclaimed property is not just a financial issue—it’s a compliance and reputational risk. If your organization isn’t actively managing it, now is the time to start.

Contact them. today for a no-obligation consultation and learn how they can help you stay compliant and recover what’s rightfully yours.


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