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Heir Finders (UCPH)
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What is an heir finder?
An heir finder is a company or individual who
can assist the owner of unclaimed property with locating and
claiming funds. Heir finders charge a fee, usually a
percentage of the value of the property recovered, for their
assistance. The state of Idaho’s Unclaimed Property Office
provides this service free of charge.
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us if you need more information.
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Are there any special rules in Idaho’s Unclaimed Property
Law that apply to heir finders?
Yes, under Idaho’s Unclaimed Property Law,
no person or company is entitled to a fee for discovering
abandoned property until it has been in the custody of the
state for at least two years. Idaho does not have any
special licensing requirements for heir finders.
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us if you need more information.
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Does Idaho’s Unclaimed Property Law limit the fees that
an heir finder can charge an owner?
No. However, some states do limit the fees to
a fixed percentage of the recovered funds.
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us if you need more information.
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Does the state of Idaho sell the unclaimed property list?
No. Heir finders can view an owner listing,
searchable by owner name, on this Web site at tax.idaho.gov/ucp_search.htm.
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us if you need more information.
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Do any of the unclaimed property lists available to the
public disclose the property values?
No. We do not disclose the exact value of the
unclaimed property to anyone in an effort to protect owner
confidentiality and to discourage heir finders from
targeting owners with large dollar property values.
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us if you need more information.
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What does the Better Business Bureau advise consumers about
heir finders?
According to the Better Business Bureau, consumers should be
suspicious if an heir finder wants money before they deliver
the property or if the fee is not based on a percentage of the
money to be returned. If you have concerns about an heir
finder or locator, contact your Better
Business Bureau or Idaho’s
Unclaimed Property Office.
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us if you need more information.
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