The clock is ticking for Delaware companies that may wish to convert their abandoned and unclaimed property audits to a Voluntary Disclosure Agreement offered by the Secretary of State. Eligible firms have until Dec. 11, 2017 to choose a VDA conversion.
The Delaware Department of Finance’s Office of Unclaimed Property is preparing to send out letters on Monday, May 8, 2017, in an effort to reach unclaimed property owners.
On Friday, October 30, 2015 the Delaware Department of Finance will officially launch https://delaware.findyourunclaimedproperty.com. The new website will provide the public easy access to the state’s unclaimed property database. It will allow users to search by name to find information regarding any unclaimed property they may have in Delaware. The website also allows visitors to submit and check claim status online.
Delaware’s State Escheator David Gregor warns today that postcards stamped “Unclaimed Property Notification” are suspicious and should be ignored. They have not been sent from Delaware’s Unclaimed Property department or by any other State of Delaware agency.
In just over eight months, the Department of Finance’s Office of Unclaimed Property has reunited more individuals with their unclaimed property during Fiscal Year 2014 than it did in all of Fiscal Year 2013.