We contacted Karen Anderson, an attorney and escheatment expert who works for UPPR, an unclaimed property consulting company. She confirmed our concern that it is not proper to write off overpayments. You may have a considerable escheatment liability, depending on how long you have followed that policy. We recommend that you consult an attorney or an escheat expert such as Karen. Karen has given permission to pass along her contact information to you. Her phone number is 317-577-9530, email: email@example.com.
Have more questions? Submit a request