Unclaimed
Property

Frequently Asked Questions

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Unclaimed Property Frequently Asked Questions

  Unclaimed Property (UCP)
           Claiming (UCPC)
           Reporting (UCPR)
           Heir Finders (UCPH)

Unclaimed Property (UCP)

UCP - 1	What is unclaimed property?
UCP - 2	Does unclaimed property include real estate, boats, or cars?
UCP - 3	Does unclaimed property include items left in rental storage units and vacant apartments?
UCP - 4	How does property become unclaimed?
UCP - 5	Under what circumstances is unclaimed property reported to the state?
UCP - 6	Where is the unclaimed property reported?
UCP - 7	What does the state of Idaho do with the money?
UCP - 8	What should I do if someone offers to help locate my unclaimed property for a fee?
UCP - 9	Is there a limit to the amount or percentage that an heir finder can charge for their services?
UCP - 10	Why might the state of Idaho’s Unclaimed Property Office not have any record of the property for which the heir finder is trying to collect a percentage?

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Claiming (UCPC)

UCPC - 1	I received a postcard in the mail telling me that I have unclaimed property and asking me to pay $14.95. Should I?
UCPC - 2	Why did my property get reported to the state if I still live at the same address?
UCPC - 3	I found the names of my friends and family on Idaho’s unclaimed property list. How can I help them claim this property?
UCPC - 4	Who is able to claim the abandoned or unclaimed property for a deceased relative?
UCPC - 5	What type of documentation must be provided to claim a deceased owner’s property?
UCPC - 6	If I am claiming property for myself, what types of documentation do I have to provide to make a claim?
UCPC - 7	What if my name has changed?
UCPC - 8	How can I get a copy of a death certificate, birth certificate, marriage certificate, or divorce decree?
UCPC - 9	What if my address has changed?
UCPC - 10	What if there are two or more names reported as owners for the property?
UCPC - 11	How long will it take the state of Idaho to process my claim and return my property?
UCPC - 12	How long do I have to claim my property from the state of Idaho?

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Reporting (UCPR)

UCPR - 1	Who reports unclaimed property?
UCPR - 2	When is property considered abandoned?
UCPR - 3	What are businesses required to do to locate the rightful owner?
UCPR - 4	Does the state of Idaho require businesses to send "Due Diligence Letters" by certified mail?
UCPR - 5	When the statements or notices that I send are not returned by the post office, doesn’t this prove that the owner is aware of their property?
UCPR - 6	How can holders of unclaimed property prove that property has not been abandoned?
UCPR - 7	What is the deadline for filing unclaimed property reports for the state of Idaho?
UCPR - 8	Does the state of Idaho require a business to file a report each year even if there is nothing to report?
UCPR - 9	Does the state of Idaho require a business to report property with a value of $50 or less?
UCPR - 10	If a business decides to voluntarily report property with a value of $50 or less to Idaho, may these items be reported in aggregate (one sum total)?
UCPR - 11	Can a business request an extension of the deadline to file an unclaimed property report?
UCPR - 12	Can a business turn over unclaimed property to the state of Idaho early?
UCPR - 13	Could my business be required to file an unclaimed property report in several states?
UCPR - 14	Can a business request reimbursement from the state of Idaho for property already reported?
UCPR - 15	Does the state of Idaho charge interest or penalties for not reporting unclaimed property?

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Heir Finders (UCPH)

UCPH - 1	What is an heir finder?
UCPH - 2	Are there any special rules in Idaho’s Unclaimed Property Law that apply to heir finders?
UCPH - 3	Does Idaho’s Unclaimed Property Law limit the fees that an heir finder can charge an owner?
UCPH - 4	Does the state of Idaho sell the unclaimed property list?
UCPH - 5	Do any of the unclaimed property lists available to the public disclose the property values?
UCPH - 6	What does the Better Business Bureau advise consumers about heir finders? To Top

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UnclaimedProperty

Unclaimed
Property